What: Le Bon Marché has teamed up with Collector Square to launch a service allowing customers to sell their luxury watches, bags, and jewellery directly to the department store. This service builds on a three-year partnership where Collector Square has operated a pop-up within Le Bon Marché, selling high-end second-hand jewellery and watches.

Why it is important: This initiative offers a unique and exclusive service to Le Bon Marché customers, providing them with an immediate option to sell their luxury items for store credit, enhancing their purchasing power within the department store. It reflects the growing trend of sustainability and the circular economy in the luxury market.

Le Bon Marché, in collaboration with Collector Square, has introduced a new service that allows customers to sell their luxury watches, bags, and jewellery directly at the Parisian department store. This service, which started in February, involves on-site expertise of the items, with customers being notified within 48 hours if their items are selected for purchase. The compensation for sold items is provided in the form of vouchers, offering 105% of the trade-in value for loyalty card holders, thereby increasing their purchasing power within Le Bon Marché.

Osanna Orlowski, co-founder of Collector Square, expressed enthusiasm about providing this exclusive and unique service to Le Bon Marché customers, emphasising the benefits of immediate redemption of luxury products. The items bought by Collector Square are then resold on their web platform, which features over 15,000 authenticated objects from prestigious brands such as Hermès, Chanel, Fendi, Rolex, and Cartier. This initiative not only enhances the shopping experience at Le Bon Marché but also supports the sustainability efforts by promoting the resale and reuse of luxury goods.

Le Bon Marché partners with Collector Square for luxury item buyback program