Carousell Group has acquired Singapore’s LuxLexicon, a luxury bag reseller and authenticated luxury consignment platform.…
.
Your one-stop source for retail intelligence in Asia
Resale on the rise globally, says new ThredUp report
A new report by online consignment platform ThredUp proposes that buying and wearing secondhand clothing instead of purchasing new apparel could reduce carbon emissions by 25 percent.…
Investors skeptical over Naver Corp.’s USD 1.2 billion purchase of Poshmark
Fashion resale platform Poshmark Inc was recently acquired for USD 1.2 billion by Naver Corp. The purchase has raised doubts among investors who have questioned the timing of the deal amid a slowing e…
CompAsia opens new recommerce platforms in Singapore and Thailand
Following its success in Malaysia, CompAsia, a recommerce platform for mobile gadgets in Southeast Asia, announced the opening of new e-stores in Singapore and Thailand on 21st March.…