×
2 498
Fashion Jobs
HARRODS
Food Supply Manager
Permanent · LONDON
JOHN LEWIS
Loss Prevention Partner
Permanent · CAMBRIDGE
HEAD OFFICE
Cyber Security Lead – Incident Response
Permanent · BRACKNELL
HEAD OFFICE
Delivery & Operations Manager
Permanent · BRACKNELL
BOOHOO GROUP
Product Manager
Permanent · MANCHESTER
DEBENHAMS
CRM Executive
Permanent · LONDON
PRETTYLITTLETHING
Business Analyst
Permanent · MANCHESTER
PRETTYLITTLETHING
Buying Admin Assistant
Permanent · MANCHESTER
BOOHOO GROUP
Warehouse Operative - pm Shift
Permanent · WELLINGBOROUGH
BOOHOO
CRM Assistant
Permanent · MANCHESTER
BOOHOO GROUP
Product Insights Manager
Permanent · MANCHESTER
BOOHOO GROUP
Technical Delivery Manager
Permanent · MANCHESTER
BOOHOO GROUP
Business Analyst
Permanent · MANCHESTER
PRETTYLITTLETHING
Senior CRM Automation Executive
Permanent · MANCHESTER
BOOHOO GROUP
Senior Project Manager
Permanent · MANCHESTER
BOOHOO GROUP
Warehouse Team Manager - Twilight Shift
Permanent · WELLINGBOROUGH
ESTEE LAUDER
Clinique - Consultant - Boots Oracle, Reading - 11 Hours, 2 Days (Sat. Sun.) - Part Time, Permanent
Permanent · Reading
ESTEE LAUDER
Clinique - Consultant - Harrods, London - 37.5 Hours, 5 Days - Full Time, Permanent
Permanent · London
360 TALENT LONDON
Wholesale Sales Executive – Leeds – Luxury Brand
Permanent · LEEDS
HARRODS
Warehouse Operative - Nights
Permanent · THATCHAM
HEAD OFFICE
Ecommerce Operations Support Manager
Permanent · BRACKNELL
HEAD OFFICE
Information Security Threat Management Specialist
Permanent · BRACKNELL
Ads
Translated by
Nicola Mira
Published
Nov 14, 2018
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Galeries Lafayette group to close down second-hand luxury e-tailer InstantLuxe

Translated by
Nicola Mira
Published
Nov 14, 2018

InstantLuxe is set to close down soon. According to FashionNetwork.com sources, the French e-tail site for second-hand luxury products (accessories, leather goods, jewellery and watches) is due to cease trading in the next few weeks. The decision was taken a few weeks ago by the site’s owner, the Galeries Lafayette department store group, and will be officially announced to InstantLuxe customers in a few days.


The commission on the selling price of an article sold on InstantLuxe varies between 8% and 30% - InstantLuxe.com


InstantLuxe was founded in 2009 by Yann Le Floc’h, and was bought in 2016 by the Galeries Lafayette group, as the latter sought to boost its e-tail presence and gain a foothold in the growing second-hand luxury goods market. The department store group then gave the site a physical presence in Paris, opening InstantLuxe retail corners at the BHV Marais department store in winter 2017, and at the Galeries Lafayette’s Haussmann branch last May. Recently, InstantLuxe launched a luxury article rental service, like that offered by Panoply, another website with a physical presence at the Galeries Lafayette.

Operating in the high-end second-hand market, with competitors like Vestiaire Collective and Vide Dressing, InstantLuxe has not reportedly managed to reach critical mass, and is said to be losing money.

The website’s ten employees are concerned about the closure, and it is thought they will be offered new jobs within the Galeries Lafayette group, as an internal re-employment solution. The future destination of founder Yann Le Floc’h has not been decided yet.

After Galeries Lafayette bought a 100% stake in InstantLuxe, the group’s e-tail strategy took a swift step forward when it acquired French mail order/e-tail company La Redoute in 2017. La Redoute is large enough to be able to help Galeries Lafayette reach the next level with its e-commerce business. It is worth remembering the department store group still owns BazarChic, an event sales website active in the fashion, fine foods, home decoration and travel sectors, which was also bought in 2016.

Copyright © 2022 FashionNetwork.com All rights reserved.