Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Asos-backed luxury resale website Covetique closes

Asos-backed pre-owned luxury etailer Covetique has closed after three and a half years.

Asos took a 30% stake in the business, which sells second-hand luxury goods from brands including Chanel and Gucci, in 2012 in a multimillion-pound deal.

Covetique posted on its website: “It is with extreme sadness and heavy hearts that we have now closed our doors.

“Over the past 3.5 years Covetique has helped you sell and buy your luxury wardrobes and in that time grew to become the leader in the UK for luxury resell.

“Your support and custom was invaluable in achieving this.

“However, continuing to provide the top quality level of service that customers rightly demand involved a level of investment that became unsustainable.”


Readers' comments (1)

  • In other words. It was never profitable.

    Unsuitable or offensive? Report this comment

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.