News - 04.07.2016

Iris Capital exits Instant Luxe

Created in 2009 and with a community of 700,000 members, rapidly developed as one of the leading marketplaces for reselling authenticated second-hand luxury goods, specialized in leather goods, jewellery, watches and accessories.

Founded and managed by Yann Le Floc’h, the company received financing by ISAI in July 2010, joined by Iris Capital in February 2013.

The exit of ISAI and Iris Capital is completed in the context of the acquisition of 100% of the company by Galeries Lafayette group. This transaction will enable to further accelerate its development and growth through synergies contributed by Galeries Lafayette group, which is through this acquisition aiming at comforting the acceleration of its omnichannel strategy and at proposing new shopping experiences to its customers.