We are pleased to announce that we have acquired a majority stake in luxury sneaker & fashion platform The Edit LDN.
At BrandAlley, we are laser-focused on our long-term vision to include sustainability and circularity within our business in a meaningful way, as well as using innovative new channels to maximise customer experiences. Additionally, The Edit LDN provides the opportunity for us to tap into a more youthful customer demographic and their substantial community of engaged followers. This acquisition follows recent sustainable investments, including our own logistics operation and a stake in luxury resale platform, Sign of the Times.
Rob Feldmann, CEO of BrandAlley, commented: “With our 8 million strong members-only database, our own dedicated in-house warehouse operations and customer service team, we are confident we can provide full operational support across our group of companies and drive profitable growth of The Edit LDN globally through Moses and his team. We are looking forward to an exciting journey ahead.’’
The Edit LDN has grown at an exponential rate since its inception in 2020 but major macro headwinds in 2023 have shaken the industry. Companies like Farfetch and Matches have experienced difficult and crunch trading periods in the 2023 economic downturn. The Edit LDN, too, faced cash flow constraints in the last quarter of 2023. To remain operational and resilient, The Edit LDN took the decision to consolidate with an industry leader. The luxury reseller platform will be restructured through a formal process and operate within BrandAlley’s back-end infrastructure as it becomes profitable during its next growth phase.
Moses Rashid, CEO of The Edit LDN commented: “Although 2023 was another year of positive growth and revenue, it has been a difficult period with financial challenges being accelerated by external funding sources that we had on our creditor books. In order to continue to achieve our growth goals, it was crucial to act fast to find a long-term partner who sees the potential to take Edit LDN global and offers the operational infrastructure required for sustainable growth. I see this fit with Rob and his Executive team at BrandAlley. This move will bring confidence to our community, suppliers and the reseller industry as a whole.”
The alignment combines The Edit LDN's ability to curate exclusive, high-end streetwear and sneakers with our expertise of providing premium and luxury brands at competitive prices. This synergy will result in an expansive product offering that caters to a diverse range of style preferences and budgets and opens The Edit LDN to a much wider premium audience.
Image credit: The Times, 2021