In the midst of coronavirus, the luxury reseller and retailer Rebag raises $15 million

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Despite the troubles related to Covid-19 and the prospects of an economic recession, the luxury handbag resale platform announced yesterday Thursday, May 14 that it has raised $15 million in a series D financing, bringing the total funding for the New York-based start-up to $68 million. A fund-raising that goes out of tune with the difficulties currently faced by the luxury market and the retail trade.

 

Although the coronavirus pandemic has put a halt to retail sales in the United States and around the world, this does not prevent the second-hand luxury goods platform from raising funds.

 

An investment of $15 million …

 

While its nine stores in New York, Los Angeles and Miami remain closed due to health measures taken to contain the effects of the crisis, the New York-based platform for the purchase and sale of luxury handbags raised $15 million in Series D funds.

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Featured photo : © Rebag / Facebook

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