More Luxury Club

About More Luxury Club

More Luxury Club is a marketplace that enables fractional ownership of luxury goods, allowing customers to co-own designer bags at a fraction of the retail price while accessing them for a limited time each year. This model addresses the high cost of luxury items and promotes sustainable consumption by facilitating a circular economy through shared ownership.

```xml <problem> Owning luxury goods, such as designer handbags, is often prohibitively expensive, limiting access for many consumers. Traditional ownership models also contribute to unsustainable consumption patterns due to underutilization and eventual disposal. </problem> <solution> More Luxury Club offers a marketplace for fractional ownership of luxury designer bags, enabling customers to co-own items and access them for a defined period each year. This model reduces the financial burden of luxury ownership by dividing the cost among multiple users. By promoting shared access, the platform fosters a circular economy, extending the lifespan of luxury goods and reducing waste. Members can enjoy a rotating selection of high-end items without the long-term commitment or environmental impact of traditional ownership. </solution> <features> - Fractional ownership model allowing users to purchase shares of luxury designer bags - Rotating access schedule ensuring each co-owner enjoys exclusive use of the bag for a specified period - Concierge service providing delivery and collection of bags at the member's preferred location - Vetted membership process to ensure suitability and maintain the quality of the shared items - Bags are immaculately cared for and fully insured during the rental period - Option to vote on which bags will be available in the upcoming month </features> <target_audience> The primary target audience includes fashion-conscious consumers who desire access to luxury designer bags but seek a more affordable and sustainable alternative to traditional ownership. </target_audience> ```

What does More Luxury Club do?

More Luxury Club is a marketplace that enables fractional ownership of luxury goods, allowing customers to co-own designer bags at a fraction of the retail price while accessing them for a limited time each year. This model addresses the high cost of luxury items and promotes sustainable consumption by facilitating a circular economy through shared ownership.

Where is More Luxury Club located?

More Luxury Club is based in London, United Kingdom.

When was More Luxury Club founded?

More Luxury Club was founded in 2023.

How much funding has More Luxury Club raised?

More Luxury Club has raised 130000.

Who founded More Luxury Club?

More Luxury Club was founded by Shika Bodani and Cynthia Morrow.

  • Shika Bodani - Founder/Co-founder
  • Cynthia Morrow - Co-founder
Location
London, United Kingdom
Founded
2023
Funding
130000
Employees
2 employees
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More Luxury Club

Score: 46/100
AI-Generated Company Overview (experimental) – could contain errors

Executive Summary

More Luxury Club is a marketplace that enables fractional ownership of luxury goods, allowing customers to co-own designer bags at a fraction of the retail price while accessing them for a limited time each year. This model addresses the high cost of luxury items and promotes sustainable consumption by facilitating a circular economy through shared ownership.

moreluxury.club300+
Founded 2023London, United Kingdom

Funding

$

Estimated Funding

$130K+

Team (<5)

Shika Bodani

Founder/Co-founder

Cynthia Morrow

Co-founder

Company Description

Problem

Owning luxury goods, such as designer handbags, is often prohibitively expensive, limiting access for many consumers. Traditional ownership models also contribute to unsustainable consumption patterns due to underutilization and eventual disposal.

Solution

More Luxury Club offers a marketplace for fractional ownership of luxury designer bags, enabling customers to co-own items and access them for a defined period each year. This model reduces the financial burden of luxury ownership by dividing the cost among multiple users. By promoting shared access, the platform fosters a circular economy, extending the lifespan of luxury goods and reducing waste. Members can enjoy a rotating selection of high-end items without the long-term commitment or environmental impact of traditional ownership.

Features

Fractional ownership model allowing users to purchase shares of luxury designer bags

Rotating access schedule ensuring each co-owner enjoys exclusive use of the bag for a specified period

Concierge service providing delivery and collection of bags at the member's preferred location

Vetted membership process to ensure suitability and maintain the quality of the shared items

Bags are immaculately cared for and fully insured during the rental period

Option to vote on which bags will be available in the upcoming month

Target Audience

The primary target audience includes fashion-conscious consumers who desire access to luxury designer bags but seek a more affordable and sustainable alternative to traditional ownership.

More Luxury Club - Funding: $100K+ | StartupSeeker