SOURCE: LXR & Co

LXR & Co

September 25, 2013 15:56 ET

LXR & Co Turns Luxury Vintage Shopping Into a Premium Experience

Newly Launched LXRCo.com Invests $1.5Million USD to Expand Online Retail Operations

MONTREAL, QC--(Marketwired - Sep 25, 2013) -  With the global luxury market topping $260 billion and growing 50% faster than the world's GDP, premier designer goods are at the peak of popularity. The curators at e-commerce website LXRCo.com are too aware of this rising demand and have taken the legwork out of shopping for quality vintage accessories online. The site offers a wide selection of pre-owned luxury products from designers such as Hermès, Chanel, Louis Vuitton, and has quickly established itself as the go-to brand for vintage luxury.

LXR & Co launched LXRCo.com in early 2013 with the backing of an impressive team of in-house experts. Having seen exponential membership growth in its first year (100,000 members and counting), LXR & Co secured an investment of $1.5M USD, which will help continue brand growth globally. The site currently sells within the US, Europe, and Canada.

"Our goal is to fill a niche in the market of luxury vintage goods," says Frederick Mannella, founder/president of LXR & Co. "We want to make the experience of shopping vintage enjoyable, just as with any major luxury brand website. Unlike other retailers, we own all of the products that we sell, therefore we can safely guarantee authenticity of each item. We have an in-house team of experts that analyze each piece before we purchase it to ensure quality and value, and that's rare these days on the web."

Mannella and co-founder Jean-Philippe Robert are pleased to announce added expansion plans for customer acquisition with the help of funds secured through the Business Development Bank of Canada and Investissement Quebec. With extensive experience in luxury vintage and e-commerce, the duo -- both 28 years old -- are determined to establish LXR & Co as the leading luxury vintage brand worldwide. Mannella's experience with designer products led him to set up the wholesale side of the business in 2010, while Robert's e-commerce savoir-faire saw him sell his first private sale website in 2012. This winning combination makes LXR & Co a disruptive player in an under-developed market.

With over 500 new products launched weekly, LXRCo.com gives shoppers access to some of the most coveted luxury vintage accessories at up to 80% off the original retail price. Offering considerable value, guaranteed authenticity and unparalleled service, LXRCo.com is a fashion lover's dream come true.

About LXR & Co
LXR & Co is a private shopping club that provides clients with an ever-changing selection of the most exclusive vintage designer products on the market. LXR & Co currently operates both the website LXRCo.com and its flagship retail store in Beverly Hills, California. 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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