Sunday, June 16, 2024

Secondhand Luxury Platform Fashionphile Earns B Corp Certification


Leading secondhand accessories platform Fashionphile has earned B Corp status.

In a significant move toward greater sustainability and ethical conduct in the luxury fashion sector, Fashionphile has earned the distinction of becoming a Certified B Corporation (B Corp).

This certification acknowledges the company’s longstanding commitment to creating a positive social and environmental impact, as well as its transparent and ethical business practices. It joins the France-based secondhand platform Vestiaire Collective in earning the mark.

Fashionphile, the premier e-commerce platform specializing in resale of pre-owned ultra-luxury accessories, has been at the forefront of extending the lifespan of luxury products since its inception in 1999.

Beyond resale, the company has taken several measures to enhance its social and environmental responsibility. These actions include the implementation of in-house recycling initiatives, utilizing low-density LPDE plastic and recycled materials in their packaging, and transitioning to a hybrid work model to minimize waste.

Chanel bag
Preloved Chanel bag | Courtesy Fashionphile

As of September 2021, solar panels have been installed on the roof of Fashionphile’s global headquarters, which have generated over 140,000 kWh of electricity and are expected to exceed 200,000 kWh by the end of next year.

Sarah Davis, Founder and President of Fashionphile, emphasized the importance of this certification: “We are honored to receive B Corp certification and to join a highly-selective community of like-minded businesses committed to creating positive environmental and social impact,” she said.

According to Davis, circularity is a main pillar and says the platform’s focus is to reduce, reuse, restore, refurbish, recycle and repair. “While the Fashionphile model is a circular one, obtaining the B Corp designation demands much more,” Davis said. “This certification is a testament to our dedication and reinforces our mission to make fashion more sustainable.”

Fashionphile NYC store
Bags on display at Fashionphile New York | Courtesy

Since its establishment more than two decades ago, Fashionphile has grown to become the country’s leading platform for buying and selling pre-owned luxury accessories from top brands such as Chanel, Hermès, Gucci, and Louis Vuitton.

The company excels in delivering top-notch digital and in-person luxury experiences and has a reputation for an extensive inventory of highly sought-after handbags and accessories. It has also forged strategic partnerships to elevate the luxury lifecycle, one of which is becoming the exclusive re-commerce partner of Neiman Marcus in 2019. This collaboration has led to the opening of 10 Fashionphile Selling Studio locations within Neiman Marcus stores nationwide, with more to come.

The B Corp certification comes as an extension of Fashionphile’s dedication to sustainability, promoting a more circular and accountable luxury fashion ecosystem.

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