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.
Funding
$130K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
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.
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.
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