Farfetch has announced that it has acquired resale platform Luxclusif. The acquisition will allow Farfetch to expand its pre-owned offering for its customers, brand and retail partners, and for other suppliers of pre-owned products. 

Giorgio Belloli, Chief Commercial & Sustainability Officer at Farfetch commented: " A recent FARFETCH customer survey showed that more than half of our customers have bought or sold pre-owned in the last year and industry estimates suggest the pre-owned category is growing three times faster than the primary market. LUXCLUSIF will help us accelerate our capabilities and reach in this area. Having supported LUXCLUSIF as a start-up, bringing them into the FARFETCH family marks an exciting culmination in our work to support and develop some of the world’s most exciting fashion and retail tech start-ups."