MadaLuxe Group

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MadaLuxe Group
Private
IndustryLuxury goods
Founded2010
FounderAdam Freede and Sandy Sholl
Headquarters
New York City, NY
,
United States
Area served
North America
ProductsLuxury goods
Websitemadaluxegroup.com

MadaLuxe Group, founded in 2010, is a North American off-price distributor of European luxury labels' clothing, Handbag, Watch, eyewear and accessories.[1][2][3][4] The group includes Madaluxe Vault,[5] Madaluxe Eyewear and SLS Journey, their investment arm.[6][7][8] MadaLuxe Group is headquartered in New York City, NY in the United States.[9]

History

Sandy Sholl and Adam Freede founded MadaLuxe Group in 2010 just after Freede graduated from the Goizueta Business School at Emory University.[1][10] Freede currently leads MadaLuxe Group.[4][11] In 2010, MadaLuxe started off by selling excess inventory made by European fashion brands.[5]

In 2017, Madaluxe Group opened their first retail store, Madaluxe Vault at Citadel Outlets in Southern California,[1][12][13] as well as a website.[1][14] Madaluxe made more than $200 million in annual sales as of 2018.[15][16][17]

In 2018, they opened additional locations in Southern California[3][18][19], and Phoenix, Arizona.[14][18][20] They opened their New York headquarters and showroom.[11][21][22]

In 2020, Madaluxe Group's division MLG Health delivered 2 million face masks to healthcare groups across the United States in response to the COVID-19 pandemic.[23][24][25]

In November 2020, the company launched a licensing arm to produce licensed products from luxury brands.[26]

Partnerships

Madaluxe Group has been the U.S. and Caribbean distributor for Salvatore Ferragamo S.p.A., Versace and Versus (Versace) since 2017.[27][28] They are also a distributor for Teslar.[29]

In 2019, Fendi Timepieces partnered with MadaLuxe Group to distribute their watches in North America.[30] Madaluxe Vault also merchandises Timex Group USA.[31]

Investments

Reflaunt

In February 2021, Madaluxe Group invested $2.7 million USD into Reflaunt, an apparel reselling platform.[32][33]

CodeBoxx

In July 2021, the company took an ownership stake in CodeBoxx, by investing $2 million USD.[34][35] CodeBoxx is focused on teaching coding and technology to women, people of color and veterans.[7]

References

  1. ↑ 1.0 1.1 1.2 1.3 "Looking for a boutique take on off-price luxury labels? MadaLuxe Vault tries to crack the code". LA Times. Retrieved October 23, 2020.
  2. ↑ "'It's Black Friday in April' as Closed Stores Get Desperate to Unload Spring Clothes". Wall Street Journal. Archived from the original on 2020-06-01. Retrieved October 23, 2020.
  3. ↑ 3.0 3.1 "MadaLuxe Group Launches Second Retail Location". Yahoo! Finance. Retrieved October 23, 2020.
  4. ↑ 4.0 4.1 "Consumers are spending more money on luxury items to 'feel good'". Yahoo! Finance. Retrieved October 23, 2020.
  5. ↑ 5.0 5.1 "MadaLuxe Vault Says It Offers New Kind Of Luxe". Apparel News. Archived from the original on 2018-01-08. Retrieved October 23, 2020.
  6. ↑ "Madaluxe Eyewear". Dun & Bradstreet. Retrieved October 23, 2020.
  7. ↑ 7.0 7.1 Moin, David; Moin, David (2021-07-08). "MadaLuxe Invests in the Teaching of Technology Skills". WWD. Retrieved 2021-08-05.
  8. ↑ "Psykhe secures seed funding to match consumer personalities to fashion products". TechCrunch. Retrieved 2021-08-05.
  9. ↑ "MadaLuxe opens East Coast showroom and headquarters". Fierce Retail. Retrieved October 23, 2020.
  10. ↑ "MadaLuxe to open bicoastal locations". Fierce Retail. Retrieved October 23, 2020.
  11. ↑ 11.0 11.1 "The Off-Price War Heats Up". Business of Fashion. Archived from the original on 2020-07-13. Retrieved October 23, 2020.
  12. ↑ "MadaLuxe Vault". Citadel Outlets. Retrieved October 23, 2020.
  13. ↑ "Outlets at Anthem: MadaLuxe pop-up shop this weekend". ABC 15 Arizona. Retrieved October 23, 2020.
  14. ↑ 14.0 14.1 "MadaLuxe Group Sets Sights on Retail With Vault Concept". WWD. Archived from the original on 2020-07-22. Retrieved October 23, 2020.
  15. ↑ "MadaLuxe Group Sets Sights on Retail With Vault Concept". WWD. Archived from the original on 2020-07-22. Retrieved October 23, 2020.
  16. ↑ "MadaLuxe Vault opens in Outlets at Anthem". AZ Big Media. Retrieved October 23, 2020.
  17. ↑ "Madaluxe Vault is stab at off-price luxury". American Marketer. Retrieved October 23, 2020.
  18. ↑ 18.0 18.1 "New retail and food: BubblePOP opens in Tustin; MadaLuxe at San Clemente outlets; Farmer Boys in La Habra; Burgerim in Orange". Orange County Register. Retrieved October 23, 2020.
  19. ↑ "MadaLuxe Group Launches Second Retail Location". WWD. Retrieved October 23, 2020.
  20. ↑ "Do you have designer brands on your wish list? Unlock luxury at MadaLuxe Vault". ABC 15 Arizona. Retrieved October 23, 2020.
  21. ↑ "OK Magazine". Retrieved October 23, 2020.
  22. ↑ "MadaLuxe opens new headquarters and NY showroom". Fashion Network. Retrieved October 23, 2020.
  23. ↑ "Charity Works: April 2020". Footwear News. Retrieved October 23, 2020.
  24. ↑ "Fashion industry efforts to address global PPE shortages". Just Style. Archived from the original on 2020-05-01. Retrieved October 23, 2020.
  25. ↑ Corder, Rob (2020-10-07). "Madaluxe records record results as it proves "trust is the new luxe"". WatchPro USA. Retrieved 2021-08-05.
  26. ↑ Moin, David; Moin, David (2020-11-25). "MadaLuxe Group Gets Into Licensing". WWD. Archived from the original on 2020-11-30. Retrieved 2021-01-07.
  27. ↑ "A New Plan For Ferragamo And Versace Watches". Forbes. Retrieved October 23, 2020.
  28. ↑ "Versace hopes Chain Reaction will guide sneaker fans to its latest watches". WatchPro. Retrieved October 23, 2020.
  29. ↑ Fraser, Kristopher (2020-08-12). "MadaLuxe sees 500 percent e-commerce growth". FashionUnited. Retrieved 2021-08-05.
  30. ↑ "Fendi Timepieces partners with MadaLuxe for North American distribution". FashionNetwork.com. 2019-10-27. Retrieved 2021-08-05.{{cite web}}: CS1 maint: url-status (link)
  31. ↑ "Timex Switches U.S. Luxury Distributor; Appoints Madaluxe for 'Aggressive' Growth". WWD. Retrieved October 23, 2020.
  32. ↑ Ap, Tiffany; Ap, Tiffany (2021-02-17). "Secondhand Platform Reflaunt Raises $2.7 Million". WWD. Retrieved 2021-08-05.
  33. ↑ "Fashion resale tech company Reflaunt secures $2.7M in funding". bizjournals.com. 2021-02-18. Retrieved 2021-08-05.{{cite web}}: CS1 maint: url-status (link)
  34. ↑ "Luxury Fashion Distributor MadaLuxe Leads $2M Investment in CodeBoxx". The Business of Fashion. 2021-07-08. Retrieved 2021-08-05.
  35. ↑ "What the departure of Fidji Simo says about Facebook—and the broader economy". Fortune. Retrieved 2021-08-05.

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