The Ritz Herald
© MARQUE Luxury

MARQUE Luxury Announces $20 Million Funding to Drive Business Expansion

MARQUE Luxury has established itself as the most trusted name in B2B authenticated pre-owned luxury handbags, small leather goods, accessories, watches, and jewelry

Published on November 19, 2021

MARQUE Luxury, the wholesale industry’s leading provider and authority of authentic pre-owned luxury goods, has today announced that it has secured $20 Million in funding through an investment by Provident Capital Partners.

The fund-raising activity follows a period of tremendous growth for MARQUE Luxury, which has opened numerous re-commerce hubs in the United States and several hubs in Asia during the last year and has aggressive plans for future expansion.

This funding will drive continued business expansion on an operational scale focused mainly in North America, which has been propelled by MARQUE Luxury’s current growth trajectory. This will also further support their omnichannel strategy and allows for MARQUE Luxury to generate business activity in the global market on a business-to-business and business-to-business-to-consumer basis.

“We are pleased to announce this funding round and appreciate our team’s efforts in maintaining and growing MARQUE Luxury’s presence in the promotion of sustainability within the circular economy,” says MARQUE Luxury’s President and Co-Founder Quentin Caruana.

Finance Reporter