Parties
Company
FASHIONPHILE
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.
Deal Type
Merger & AcquisitionIndustry
OtherTransaction
Undisclosed/ConfidentialDeal Status
ClosedClosing Date
15 March 2024