- Business
- LXRandCo, Inc. (Ticker: GGBBF) operates as an omni-channel retailer specializing in pre-owned luxury handbags and personal accessories from brands including Hermès, Chanel, Louis Vuitton, Gucci, Prada, Ferragamo, Miu Miu, Cartier, Dior, and Chloé; its core offerings encompass women's handbags such as shoulder bags, tote bags, and travel bags, along with complementary items like leather goods, jewelry, silk scarves, watches, apparel, and shoes. The company sources, authenticates, and sells these authenticated vintage luxury products directly to consumers via its lxrco.com website and partner e-commerce platforms, while supporting its model through shop-in-shop retail experience centers and wholesale partnerships across North America; it targets luxury resale consumers seeking environmentally responsible purchases in the circular economy. Founded in 2010 and headquartered in Montreal, Quebec, Canada, at 7399 Saint-Laurent Boulevard, LXRandCo previously maintained approximately eight stores in Canada and pursued international expansion in the U.S. and Europe through department store partnerships like Hudson's Bay, House of Fraser, and others. In late 2023, Fashionphile acquired the brand assets, inventory, intellectual property, domains, and other intangible assets of LXRandCo's operating subsidiaries (LXR Luxury Products International Inc., Groupe Global LXR Inc., and LXR Canada Inc.) following their bankruptcy filing, enabling Fashionphile to diversify into B2B wholesale and omnichannel operations; this marked a significant strategic shift for LXRandCo's assets amid its delisting from the TSX.