REBAG news and archive

Rebag launches new membership programme to grow sales

Luxury resale retailer Rebag has launched a membership programme aimed at increasing customer purchasing power by 27 percent. The Rebag+ programme aims to offer an industry-first approach to resale, allowing customers to fund now, buy later, by converting 100 percent of membership contributions to R+ Credit usable for future purchases. To join...

Fashion

Rebag and ThredUp partner to “push boundaries” of the resale market

Luxury accessories and jewellery resale platform Rebag has announced a partnership with online resale platform ThredUp to expand resale services. Under the new partnership, Rebag customers will be able to resell gently worn luxury items on ThredUp in exchange for Rebag shopping credit, while ThredUp customers will be able to shop select Rebag...

Business

Rebag launches consignment service

Luxury accessories resale platform Rebag is adding consignment services to its offering, complementing its trade and buyout features and providing more flexibility for users. According to the company, the consignment service aims to take away fluctuating commission rates and lengthy payment processes, giving sellers visibility and control over...

Business

Rebag partners with Christie’s on luxury handbag edit

Rebag has partnered with auction house Christie’s on a curated lot of luxury handbags, with bidding set to close on June 12. Dubbed ‘Handbags Online: The New York Edit’, the online-only auction will feature a series of highly-coveted and limited edition pieces, including Hermès Birkins and Kellys, among others. Another notable piece is that of a...

Business

Rebag introduces Wallet feature for premium payments

Rebag, the trading, buying and selling platform, has debuted a new payment concept that aims to centralise seller payouts. ‘Rebag Wallet’, which will power Seller Funds and further proceeds, has been launched alongside ‘Premium Payouts’, an initiative that looks to reward sellers for keeping their Seller Funds in their wallets over a period of...

Business

Resale platforms join in cutting Yeezy products amid backlash over Ye’s hate speech

A number of major resale platforms have joined in the growing backlash against Ye, the rapper formerly known as Kanye West, following his regular bouts of hate speech and controversial behaviour. The RealReal is among those that have denounced the rapper’s remarks against the Black and Jewish communities, with the platform stating it would no...

Fashion Featured

Telfar becomes one of the most valuable resale labels

Luxury resale platform Rebag has revealed that Telfar has become one of the most valuable labels in the resale market, and Chanel, Louis Vuitton and Hermes have reached “unicorn status” for leading the pack in terms of retention value. According to Rebag’s 2022 Clair Report, which investigates the value of luxury brands on the resale market,...

BusinessFeatured

Rebag expands into footwear and apparel

Luxury resale platform Rebag is expanding its product offering to include footwear and select apparel, alongside its luxury accessories for both men and women. In a statement, Rebag said that the introduction of shoes and clothes will “bring a diversified selection of the most coveted luxury styles on the resale market,” to its online platform...

Fashion

Rebag and Moda Operandi in luxury resale tie-up

Resale platform Rebag has teamed up with luxury fashion retailer Moda Operandi for a digital trunk show. The tie-up will give Moda Operandi customers access to more than 115 of Rebag's most sought-after styles, including exotic and one-of-a-kind pieces by labels including Hermès and Chanel. Standout items include a limited edition Louis Vuitton...

Retail

Rebag opens Miami location

Rebag, the trading and resale luxury platform, has opened a new brick-and-mortar location in downtown Miami's Brickell City Centre. Miami is already home to Rebag's Dadeland Mall store location. "We are thrilled to further expand our retail presence in Miami, contributing to the city's supercharged luxury retail experience," said Charles Gorra,...

Business

Rebag gets 33 million dollar Series E funding

Luxury resale company Rebag has secured 33 million dollars in a Series E funding round, led by private equity firm Novator, with participation from existing investors including General Catalyst. This brings the company’s total funding raised to 101 million dollars. In the last 12 months, Rebag has maintained its high growth trajectory. The...

Retail

Rebag opens store in Beverly Hills

Retailer Rebag has opened a new store in Beverly Hills, California. Located close to Rodeo Drive on Brighton Way, the store spans 800 square feet and joins a host of other luxury stores in the area, including Berluti, Escada, Wolford, Isaia and Creed. Aimed at the buying and selling of luxury accessories, Rebag allows customers to buy new...