Canadian startup LXR, which resells high-end handbags and other certificate-of-authenticity luxury accessories, has partnered with Aer Rianta International to open the first high-end vintage fashion store in an international airport.
LXR and Aer Riant International have joined forces to launch the first store of its kind within the network of duty free stores at international airports.Among the brands available, shoppers can find authentic and favorite bags from Loewe, Chanel, Dior, Ferragamo, Gucci, Hermès, Louis Vuitton and Prada.
Speaking about the pilot store at Canada's Montreal-Trudeau International Airport, Richard Maynes, ARI's global director of fashion and accessories, explained to 'Forbes' that “The pandemic has led to a greater focus on sustainability. There is a growing desire from customers to make more conscious consumption decisions and reduce their impact on the planet.”
The growing weight of sustainability in consumer behaviors and the search for profitable investments - a study by Baghunter revealed that the Hermes Birkin bag far outperformed both the S&P 500 and the price of gold in the last 35 years - are some of the reasons why the luxury goods resale market continues to grow.
A good example of this is the performance of LXRandCo, which in its last financial update in September estimated to close its fiscal year with total revenues of between 17.5 million dollars and 20 million dollars.
