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Tradee raises $1.2 million to scale luxury trading app

Tradee, a Paris-based luxury-goods trading app, has raised $1.2 million in seed funding. Investors in the round were undisclosed. As CEO, Lucas Buchert, co-founded the app with Guillaume Kuntz, Oren Nataf and Alleyn Khelifa in March 2014. The app lets users buy and sell luxury items and also allows users to trade their valuables. The app initially launched with three …

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LVMH announces launch of multi-brand fashion site 24 Sèvres

LVMH, the world’s largest fashion conglomerate, has announced it will launch, 24 Sevres, a multi-brand fashion site inspired by Le Bon Marche, their department store. The new website is set to launch on June 6 in more than 70 countries. Named after the Rue de Sevres location of Le Bon Marche in the 7th arrondissement. 24 Sevres will offer fashion, cosmetics and luggage …

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Artemest raises $1.2 million to expand luxury lifestyle marketplace

Artemest, an online luxury marketplace based in Milan, Italy, has raised $1.2 million in seed funding. The investment round was led by Italian Angels for Growth aka IAG, with participation from Alina Lundry, Kirstie Steiner. Shark Bites, a venture capital holding company whose main shareholder is Fabio Cannavale, founder and CEO at lastminute.com and family office Rancilio Cube represented by …

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TrueFacet launches TrueTrade to help shoppers trade in pre-owned jewelry

TrueFacet just launched TrueTrade a new service that lets shoppers trade in their pre-owned luxury jewelry just in time for the holidays. As an alternative to purchasing new luxe jewels, which can be quite pricey, especially around the busiest shopping time of the year, shoppers can now trade-in these items towards a new piece. True Facet’s CEO, Tirath Kamdar, says …

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