Fashionphile, the leading resale e-commerce platform in pre-owned, ultra-luxury accessories, announced it has purchased the assets of Two Authenticators Inc. (“2a”), a Montreal-based wholesale distributor of authenticated, pre-owned luxury vintage.
Following the acquisition, Fred Mannella, co-founder and CEO of 2a and former co-founder and chief development officer of LXRandCo, Inc. (“LXR”), will assume the role of senior vice president of Wholesale at Fashionphile, reporting to Ben Hemminger, co-founder and CEO.
With more than 30 years of combined experience pricing, grading and validating products’ authenticity, 2a was founded in 2021 to support luxury vintage retail B2B operations in Canada and the U.S. with more than 20 partners across e-commerce, physical stores, and omnichannel retail.
The transaction follows Fashionphile’s brand acquisition of LXR in 2023 and will further optimize Fashionphile’s ability to expand its B2B wholesale and omnichannel operations on an international scale.
“We continue to be excited about the opportunity to diversify our omnichannel operations and enter the secondhand wholesale market in the U.S. and internationally,” Hemminger said. “By acquiring 2a and adding Fred Mannella to our team as one of the world’s leading luxury vintage experts, we are well positioned to enter this new phase of growth as we look to provide trusted, authenticated, branded accessories to all sectors of the growing market for secondhand luxury.”
