by Darina Granik
January 28, 2020
To kick off the New Year, Lux Second Chance invited selected fashion insiders and media to discuss sustainability and the future of retail over brunch at Soho House Toronto. With the changing scape of retail and climate disaster, these currently are the biggest concerns in the fashion industry.
To open the discussion, Diana Nguyen, the Founder and CEO of Lux Second Chance shared how she started the company and its impact on the industry today. After working in the banking industry in Asia for seven years, Diana moved back to Toronto and founded Lux Second Chance by selling her own 23 designer handbags as a start. Now it boasts thousands of inventories from consignment stores across Canada, US, Paris (France) and London (UK).
In the meantime during our brunch the guests raised some concerns about the future of retail.
JJ Cowan, of Wax and Lash, asked everyone, “With massive retailers going online, will governments put any restrictions in terms of their carbon imprint?” Huge fast-fashion retailers, like Forever 21, are filing bankruptcy and closing down their physical stores due to the rise of online competitors, which require a lot of delivery (read “enormous carbon imprint”) for purchases and returns. However, with an online luxury retail, the return turnover is significantly less, close to nothing for Lux Second Chance because the purchases are made more consciously. People take more time to consider a more expensive purchase than buying fast-fashion. Therefore, less carbon imprint!
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by Tessa Hall
March 08, 2021
If you’re an avid Luxer, you may recognize this face as our fearless leader, founder, and CEO of Lux Second Chance, Diana Nguyen. If you’re new to the blog, then let me introduce you to the determined entrepreneur, passionate eco-conscious shopper, part-time Torontorian, part-time Parisan, and Chanel fanatic behind the success of Canada’s biggest consignment aggregating shopping platform.
Ahead of International Women’s Day, I wanted to talk to Diana about her journey as a female entrepreneur, CEO, and all around boss babe (I still cringe at this term, but I haven’t found a replacement for it). Let’s get her talking!
by Tessa Hall
January 22, 2021
As we putter through January, it’s not too late to set your goals and resolutions for 2021! We’re talking in particular about fashion-related goals that are not only good for you and the environment, but also feasible enough that you can make them your All Year resolutions, as opposed to a New Year’s resolution.
Society as a whole, consumes fashion at an astonishing rate; similar to the way we consume food, media, and entertainment. This is why it is more important than ever to be intentional with your purchasing habits and your relationship with your wardrobe. Here are our top eight ways to get you there!
by Tessa Hall
January 06, 2021
Is investing in the cards for your future? Does that sound totally dry and really not something you’ve thought about in-depth? Once upon a time (when our parents were young adults and thinking about their first investments) you’d have to go into a bank, talk in great lengths to some generic-looking man and try and remember all the jargon words being tossed around like diversification, bonds, dividends, and volatility. Well, times have changed, in a big way!
Love fashion? Great at scouting out a deal? Then maybe your type of smart investment lies in the resale luxury market.
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