Fashionphile acquires Two Authenticators

Fashionphile announced it has purchased the assets of Two Authenticators (2a) Inc., a Montreal-based wholesale distributor of authenticated, pre-owned luxury vintage.

Financial terms of the transaction were not disclosed. The deal looks to further optimize the luxury recommerce platform’s ability to expand its B2B wholesale and omnichannel operations on an international scale, according to a press release from Fashionphile.

Following the acquisition, Fred Mannella, co-founder and CEO of 2a and former co-founder and chief development officer of LXRandCo, Inc, 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 by Mannella to support luxury vintage retail B2B operations in Canada and the U.S. Today, the company boasts more than 20 partners across e-commerce, physical stores, and omnichannel retail.

“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,” said Hemminger.

“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.”

The transaction comes on the back of Fashionphile’s acquisition of LXR in 2023. 

As part of the deal, Fashionphile obtained the inventory, intellectual property assets, including domains, and other intangible assets of the Canadian omni-channel retailer of pre-owned luxury accessories, which filed a notice of intention to make a proposal under the Bankruptcy and Insolvency Act (Canada), in November last year.