Luxe Collective has suffered a significant theft incident over the weekend.
- The robbery involved £500,000 worth of pre-owned luxury items.
- Thieves exploited a ‘blindspot’ in warehouse security measures.
- Stakeholders and customers have been informed of the incident.
- Founded in 2018, Luxe Collective had recently expanded its operations.
Luxe Collective, a well-regarded luxury fashion resale platform, recently experienced a significant heist. Over the recent weekend, burglars succeeded in stealing merchandise valued at approximately £500,000. This loss accounts for about 50% of the company’s total inventory, as co-founder and CEO Ben Gallagher explained in a social media statement.
The incident occurred due to thieves identifying and exploiting a ‘blindspot’ in the warehouse’s security measures. Despite the facility being equipped with various security systems, including cameras, alarms, locks, and sensors, the intruders meticulously planned the robbery, bypassing these obstacles.
In response to the breach, Luxe Collective has informed its stakeholders and customers about the incident. The company, founded in Liverpool in 2018 by Ben Gallagher and his brother Joe, gained considerable attention when it secured a £100,000 investment from entrepreneur Steven Bartlett on BBC One’s Dragon’s Den in early 2024. This investment was pivotal in broadening Luxe Collective’s market presence and strategic growth.
Earlier this year, Luxe Collective expanded its digital footprint by partnering with TikTok Shop to establish a second-hand luxury fashion segment. This development, alongside collaborations with other renowned luxury resale platforms, signalled a significant expansion of Luxe Collective’s operations and reach within the luxury fashion resale market.
The incident marks a challenging setback for Luxe Collective amidst its notable growth and expansion efforts.
