United Arab Emirates
The Luxury Closet, founded in 2012 in the bustling city of Dubai, is an innovative player in the luxury retail space. Specializing in circular luxury, the company is a trusted marketplace for authentic pre-owned designer goods. With a focus on circularity and authenticity, The Luxury Closet is reshaping the luxury retail landscape.
A pivotal moment came in 2020 when the company attracted investment from industry influencers, the Kattan sisters—billionaire beauty moguls behind Huda Beauty. Their involvement underscores the brand's emerging status in the luxury segment. Additionally, the company enjoys backing from prominent investors including Middle East Venture Partners, Wamda Capital, and others, cementing its credibility in the venture capital community.
The latest financial milestone includes a $14 million Late VC investment as of June 2021. As The Luxury Closet capitalizes on the $500 billion pre-owned luxury market, it stands poised to redefine consumer habits, offering both new and pre-loved voluptuaries under the brand’s noted assurance of authenticity.
Anatomie Fashion
