Luxury goods authentication start-up Entrupy has announced the expansion of its operations to Japan, positioning it to combat the distribution of counterfeit high-value goods in one of the largest luxury resale markets.
Swiss luxury watchmaker Audemars Piguet said it would launch a second-hand business this year, becoming the first big brand to announce plans to tap into a fast-growing market for pre-owned premium watches.
Luxury consignment site The RealReal has established National Consignment Day to celebrate closing the loop through consignment. It also formed a strategic partnership celebrating sustainability with Stella McCartney.
Poshmark, an online service that helps people buy and sell second-hand clothing, is in talks to raise more than $50 million in a funding round that could value the startup at roughly $600 million, sources said on Monday.