, Singapore
474 views
photo from Carousell Group

Carousell Group acquires LuxLexicon to boost luxury segment

The group’s luxury bag category listings have grown monthly by 71% in the past two years.

Carousell Group has acquired LuxLexicon, a luxury bag reseller and authenticated luxury consignment platform.

The acquisition will advance the growth of luxury, one of Carousell's largest categories, with an omnichannel strategy and increased offerings for premium luxury.

Carousell will utilise LuxLexicon’s business and assets to enhance its portfolio.

The acquisition also enables LuxLexicon to use Carousell’s experience in online re-commerce and the opportunity for overseas expansion.

The luxury bag reseller will continue to operate as its brand, keeping its name, team, and retail space amidst the acquisition.

 

Follow the link for more news on

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.


The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.


So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.