Dragons' Den star behind luxury fashion brand announces shock closure
Luxe Collective was set up in 2018 by brothers Ben and Joe Gallagher in Formby, Merseyside, and they had found success in recent years in the luxury …
3k
130k
7k
3M
Luxury Brand Luxe Collective Announces Closure After Robbery and Financial Strain
Luxe Collective, a prominent British luxury fashion brand, has announced its closure after seven years in operation. The company, founded by brothers at the age of 18, had experienced considerable success, generating over £30 million in sales and building a significant social media presence. However, a major robbery last year proved to be a turning point. "The breaking not only affected the financial state of the company, but also took such a mental and emotional toll on me and my brother," the founder explained in a video statement. The incident, coupled with other challenges, ultimately led to the difficult decision to close the business. The founder expressed gratitude to the team and customers for their support over the years. Despite the closure, the brothers plan to use their experience to embark on new ventures.
