Luxodo rescued by Isa

Luxodo filed for insolvency in July this year, having received $2.4m from DN and b-to-v in November 2013. The funding was earmarked for international growth.

Half of the former 24 employees have lost their jobs as part of the acquisition, according to reports in the German media.

Hamburg-based Luxodo is an online platform offering luxury clothing, interior design and beauty products from across Europe to men and women. The website advertises 4,000 products from 600 brands, including Diane von Furstenburg and Victoria Beckham. Founded in 2011, Luxodo also offers 24-hour customer service and free returns.

New owner Isa, founded in 2000, has 160 employees based at its Hamburg headquarters. The company is a full-service online agency focusing on consulting, design, photography and video.

Private equity has, however, seen significant returns from investments in the luxury clothing market. Earlier this month, Acton Capital Partners divested its minority stake in luxury retailer Mytheresa to US retail company Neiman Marcus Group for €150m, having originally invested less than €25m in January 2010. The Munich-based business was founded in 2006 and offers collections from 170 international designers, including Balenciaga, Yves Sain Laurent and Valentino.

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• Topics
• DACH
• Turnaround/Special Situations
• DN Capital
• Germany