Stylemyle, Innovative Start-up in online luxury fashion achieves milestone with Strategic Acquisition

^{ℹ️ News provided by: Stylemyle}

Luxury fashion shopping at Stylemyle. Find us on your PC, tablet or smartphone.

SINGAPORE – 20 September 2024 – Stylemyle, a growing player in the end of season luxury fashion market, is excited to announce its successful acquisition by an Italian multi-brand supplier with several brick and mortar locations across Europe. This strategic acquisition marks a significant milestone for Stylemyle and represents a pivotal moment in their mission to help multi-brand luxury suppliers sell luxury fashion overstock globally.

Since their founding, Stylemyle has been focused on pushing the envelope by mixing new technologies within the boundaries of what has been a very traditional luxury fashion industry. Their commitment to innovation, excellence, and their customers has fuelled their growth and solidified their position as a fast-growing player in the grey market luxury fashion space.

The acquisition will enable them to leverage new resources and opportunities, accelerating their ability to grow and enter new markets. While the identity of the new partner remains undisclosed due to the nature of the luxury grey market, they can share that this acquisition is poised to propel them to new heights and strengthen their sales channels, providing increased support and infrastructure to further their vision and deliver stronger value to their customers and partners.

Mazen Kurdy, the founder and CEO, expressed enthusiasm about the future of Stylemyle: “This acquisition is a testament to the hard work and dedication of our team and the support of our valued customers. Our new partner recognizes the potential of our vision and is committed to fostering our combined growth and innovation. We are excited about this new chapter and the opportunities it will bring.”
While Stylemyle will be integrated into the new partners network, they will continue to operate with the same commitment to quality and service that has defined the brand. They remain dedicated to delivering exceptional results and advancing their mission.

About Stylemyle:

Singapore based, Stylemyle is a pioneer in the luxury fashion marketplace space specializing in providing shoppers with end of season luxury fashion from partners around the globe. After raising venture capital from the likes of 500 Global, Goodwater Capital and others, the company expanded in its mission to democratize luxury fashion. Our innovative solutions and customer-centric approach have established them as a growing player in the online luxury marketplace space. Our tech-enabled platform lets independent multi-brand luxury boutiques and designers sell dynamically-priced end of season collections to luxury fashion-lovers all over the world. We give end of season luxury fashion a new life, which is better for your wardrobe, and more sustainable for our environment.

For more information, please contact:

info@stylemyle.com or Mazen Kurdy at [mazen@stylemyle.com](mailto: mazen@stylemyle.com)

This press release was published as it was received from our partner, without any editing from the Tech in Asia team.

You can publish your own press release on Tech in Asia. Simply fill in this form and our team will get back to you by the next business day.