The Luxury Closet has acquired Hong Kong-based Guiltless.com, which also sells pre-owned designer goods
Kunal Kapoor
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designer brands
Entrepreneur of the Week: Kunal Kapoor, The Luxury Closet
When the former Louis Vuitton sales manager realised his customers wanted to use high-end products but not keep them, he hit upon a business idea that has the potential to be truly disruptive
designer brands
Video: Could pre-owned luxury save high fashion brands from copycats?
With millions worth of fake designer goods being destroyed in Dubai every year, Arabian Business explores whether platforms that sell and buy discounted and pre-owned luxury clothes, bags, shoes and accessories can fix brands’ authenticity problem.
counterfeit goods
Dubai shuts down social media accounts, websites for selling ‘fake’ products
Shops and warehouses found to be selling counterfeit goods were also shut down by Dubai’s Department of Economic Development
designer brands
Biggest problem facing luxury brands is authenticity, says Dubai retailer
Concepts such as The Luxury Closet will shift consumer practice from buying counterfeit to buying pre-owned luxury products, says CEO Kunal Kapoor
designer brands
Oversupply of ‘unwanted’ luxury products in Dubai, says pre-owned designer retailer
Supply for pre-used luxury goods in the GCC is “so great it can cover demand not just in the Gulf but also internationally,” says Kunal Kapoor, CEO of The Luxury Closet
Kunal Kapoor
Dubai start-up The Luxury Closet raises $8.7m in funding
Middle East Venture Partners and Wamda Capital lead the second-hand fashion firm’s growth financing round