A significant theft at Luxe Collective has resulted in the loss of £500,000 worth of products.
- The robbery exploited a security blindspot in the warehouse.
- Co-founder Ben Gallagher confirmed the theft occurred over a weekend.
- Approximately 50% of Luxe Collective’s inventory was taken.
- Luxe Collective was established in Liverpool in 2018 with key investments and partnerships.
In a calculated and meticulously planned theft, thieves successfully managed to steal £500,000 worth of pre-owned luxury goods from Luxe Collective by exploiting a security blindspot in the company’s warehouse. This incident has sparked serious concerns regarding security measures for warehouse storage of high-value items.
Ben Gallagher, co-founder and CEO of Luxe Collective, publicly acknowledged the robbery on LinkedIn, indicating that this unforeseen event has led to the loss of about 50% of the company’s merchandise. ‘Never, do you ever think it’s going to happen to you, until it does,’ he remarked, reflecting the shock and unanticipated nature of the event.
Gallagher elaborated that despite existing security installations, including multiple cameras, alarms, locks, and sensors, the perpetrators managed to identify and breach a security weakness. This has unveiled vulnerabilities that require immediate attention to prevent future incidents.
Stakeholders and customers impacted by this robbery have been duly informed about the event, as Luxe Collective endeavors to navigate the repercussions of this substantial loss. The incident underscores the imperative need for companies to continuously evaluate and upgrade their security protocols to mitigate potential risks.
Established in 2018 as a consignment store in Liverpool, Luxe Collective’s business trajectory has been significantly bolstered by strategic investments and partnerships. After receiving a crucial £100,000 investment through BBC One’s Dragon’s Den, facilitated by Steven Bartlett, Luxe Collective has successfully expanded its market presence. Moreover, a recent collaboration with TikTok Shop aimed at enhancing its luxury resale platform underscores its growth ambitions.
The theft at Luxe Collective highlights the need for robust security systems to protect valuable assets in the retail industry.
