Emily Erkel and Elise Whang with some of LePrix’s luxury preowned handbags.
LePrix, which notched $100 million in gross merchandise value since launching in 2020 – think luxury preowned handbags from brands such as Louis Vuitton, Chanel, Gucci, Hermès and Dior –is partnering with Whatnot, a $3.7 billion social marketplace to become its official source for pre-loved luxury goods, similar to LePrix’s partnership with Tik Tok Shop.
LePrix, which is the premier wholesaler for sourcing authenticated luxury handbags, began as a B2C business, but quickly pivoted when it realized that its retail and ecommerce clients were trying to buy and source products from each other. Its tag line, “Reinventing How Businesses Source Pre-Owned Luxury,” says it all.
“What this means is that Whatnot sellers can source from LePrix on our platform and take advantage of all the amazing products that we offer,” said Emily Erkel, CMO of LePrix, who started the company with her sister, Elise Whang, who serves as CEO. The live streaming sector of the resale industry is expected to reach $130 billion by 2026.
“We initially started the platform to bring together the best vintage and consignment stores online. What happened was, after a
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