FASHIONPHILE acquires Montreal-based distributor Two Authenticators to bolster global wholesale operations

Company

FASHIONPHILE

Law Firm / Organization
Goodmans LLP

Company

Two Authenticators Inc.

FASHIONPHILE, a leading e-commerce platform specializing in pre-owned, ultra-luxury accessories, acquired the assets of Two Authenticators Inc. (2a), a Montreal-based company dealing in authenticated, pre-owned luxury vintage goods. Post-acquisition, Fred Mannella, co-founder and CEO of 2a, will become Senior Vice President of Wholesale at FASHIONPHILE. This move follows FASHIONPHILE’s recent acquisition of the LXR brand and aims to boost its wholesale and omnichannel operations globally. Founded in 2021, 2a has over 30 years of experience in pricing, grading, and authenticating luxury vintage items, working with over 20 partners in Canada and the U.S. The transaction enhances FASHIONPHILE’s position in the secondhand luxury market, leveraging Mannella’s expertise to expand its business reach.

Merger & Acquisition
Other
Undisclosed/Confidential
Closed
15 March 2024