The Platform Group AG Expands French Luxury Marketplace

The Platform Group AG, a Düsseldorf-based software leader in platform solutions, has successfully acquired a majority stake in Joli Closet, a Parisian platform known for its pre-owned luxury goods. Joli Closet specializes in fashion, handbags, shoes, and watches, offering over 220,000 products with an average shopping cart value of EUR 750. Thousands of retailers utilize the platform, which ensures quality and authenticity through checks conducted by employees in Paris.

Starting in August, offerings from fashionette, Winkelstraat, and Chronext will integrate with Joli Closet, significantly boosting sales growth for The Platform Group AG. The joint platform will focus on luxury watches, handbags, and clothing, spotlighting brands like Louis Vuitton, Rolex, and Chanel.

The expansion plans also include broadening the optics segment at Joli Closet with brands such as Fendi and Prada. Frederic von Borries, CPO, notes that this expansion strengthens their position in the used luxury sector, targeting a substantial platform offering increase of at least 50%.