Fashionphile acquires Canada’s LXRandCo ...Middle East

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U.S. luxury accessories resale platform Fashionphile announced on Friday it has acquired LXR Luxury Products International, Groupe Global LXR, LXR Canada — the operating subsidiaries of LXRandCo. LXR As part of the deal, Fashionphile has obtained the inventory, intellectual property assets, including domains, and other intangible assets of LXRandCo., a Canadian omnichannel retailer of opre-owned luxury accessories, which filed a notice of intention to make a proposal under the Bankruptcy and Insolvency Act (Canada), earlier this month. The acquisition will diversify Fashionphile’s selling channels beyond direct-to-consumer, circular retail experiences and clienteling, and see the San Die

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