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Luxe Collective Shuts Down After Financial Struggles Following Warehouse Theft

The luxury resale brand, founded by Ben and Joe Gallagher and backed by a £100,000 Dragons' Den investment, has ceased operations and made all staff redundant.

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Overview

  • Luxe Collective, established in 2018 by brothers Ben and Joe Gallagher, announced its closure after seven years of operation.
  • The company faced significant challenges after a July 2024 warehouse burglary in Ormskirk, which resulted in the theft of half its stock valued at over £500,000.
  • Ben Gallagher attributed the closure to both the financial impact of the theft and subsequent leadership decisions he now regrets.
  • All staff have been made redundant, and the founders are working to address outstanding customer orders and communications.
  • Luxe Collective generated over £30 million in revenue and gained global recognition before financial pressures forced its closure.