Luxury fashion distributor opens first store; taps retail vet to oversee growth
MadaLuxe Group has thrown its hat in the off-price retail arena, both offline and online.
The company announced it has opened MadaLuxe Vault at Citadel Outlets, in Los Angeles. The 3,000-sq.-ft. store has a boutique-like environment and features an assortment of categories, including designer handbags, eyewear, accessories and timepieces, from top European luxury brands. The brand has also launched an e-commerce site.
Darin Skinner, who has extensive retail and luxury expertise and spent more than 20 years at Guess, has been named senior VP of stores. He is charged with overseeing the expansion of MadaLuxe Vault.
“Los Angeles is an ideal location for us to launch our first store, and we are thrilled to bring on extensive retail talent as we look to build on this exciting new consumer shopping experience in the luxury off-price market in a variety of strategic real estate locations,” said Adam Freede, co-founder and president of MadaLuxe Group.
Since 2010, MadaLuxe Group has been a partner for some of Europe’s leading luxury brands seeking a North American distribution strategy for excess inventory; growing its retail sales to more than $200 million.
MadaLuxe Vault said it will donate a portion of its retail and e-commerce sales to World of Children to fund high-impact programs dedicated to changing the lives of vulnerable children around the world.