E-commerce platform Carousell has acquired luxury bag reseller LuxLexicon to expand its presence in the luxury segment. The luxury resale sector in South-east Asia, Hong Kong and Taiwan is expected to grow significantly and reach a market value of US$7.5 billion (S$10.1 billion) by 2026, Carousell said. Luxury has been one of Carousell Group’s key focus categories since last year. Carousell aims to create the largest managed marketplace for authenticated second-hand luxury bags.
E-commerce platform Carousell has acquired luxury bag reseller LuxLexicon to expand its presence in the luxury segment. The luxury resale sector in South-east Asia, Hong Kong and Taiwan is expected to grow significantly and reach a market value of US$7.
5 billion (S$10.1 billion) by 2026, Carousell said. Luxury has been one of Carousell Group’s key focus categories since last year. Carousell aims to create the largest managed marketplace for authenticated second-hand luxury bags.
Carousell Luxlexicon Luxury E-Commerce Resale Market Bags
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