LXR & Co.

LXR & Co.

November 12, 2012 10:00 ET

LXR & Co. Launches Vintage Luxury Website

Site Offers Discounted Luxury Products to American Customers at up to 80% off Retail

LAS VEGAS, NEVADA--(Marketwire - Nov. 12, 2012) - LXR & Co. CEO Jean-Philippe Robert last week announced the launch of www.lxrco.com, a new vintage luxury website catering to American buyers. The member-only site hosts a series of weekly sales featuring pre-loved products from designer brands, such as Hermès, Chanel and Louis Vuitton, at up to 80% off retail prices.

"There is a strong market demand for the online sale of luxury products in North America," said Robert, successful Web entrepreneur and CEO of LXR & Co. "Our expertise puts us in a valuable position to seize that market and become the top online destination for discounted vintage luxury."

LXR & Co. is a subsidiary of parent company LXR International, currently one of the chief wholesale suppliers of vintage luxury products in North America. LXR International's strong supply chain and ability to procure some of the best luxury pieces available provided company founder Frederick Mannella with the impetus to expand into the retail sector.

"Many luxury product owners inevitably lose interest in a particular style or model, often wishing to replace it with the next piece of the moment," said Mannella, founder of LXR International and Chairman of LXR & Co. "This means there is always a pool of high quality pieces available on the market."

After opening its flagship retail store in Beverly Hills in September this year, LXR & Co. set its sights on the online market. The company gathered together a team of e-commerce experts and launched LXRCo.com on October 25, 2012.

With new vintage products arriving daily, LXRCo.com provides members with a continually changing variety of pieces. Each sale is selected by a panel of expert curators with an extensive knowledge of the vintage luxury industry.

LXR & Co. does not simply aim to sell, but instead offers members a full emersion into the world of vintage luxury. The website provides an overview of classic vintage pieces and takes the time to delve into the rich history behind featured luxury brands.

While LXR & Co. currently sells solely to the American market, the company aims to extend its service to the greater international community in future.

About LXR International

Having grown up with a deep appreciation for the French fashion houses and their tradition of producing quality craftsmanship and luxury products, Frederick Mannella founded LXR International in 2006 with the intent to bring coveted designer labels to a wider audience.

Now a multinational corporation headquartered in Montreal, Canada, LXR International retains its primary wholesale business while also overseeing the operations of its subsidiary company, LXR & Co.

About LXR & Co.

Launched as the retail division of parent company LXR International in 2012, LXR & Co. currently operates both the website LXRCo.com and its flagship retail store in Beverly Hills, California. The company has plans to open several other boutique stores in America within the coming year.

LXR & Co. prides itself on providing quality merchandise for the discerning buyer, utilizing its skills and experience in the industry to bring the world of high fashion handbags and accessories directly to its clients.

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