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Podcast: The Glossy Podcast
Episode: 'The second-hand market isn't going anywhere': Fashionphile founder Sarah Davis on the evolution of luxury resale
Description: Luxury brands typically want little to do with the second-hand market, but resale companies like Fashionphile are slowly winning them over.Founded in 1999 by Sarah Davis, the company invites customers to drop-off top-shelf accessories at one of its physical locations, where Fashionphile will buy them upfront. Trained Fashionphile employees verify the authenticity of the item before it's sold online, and the original owner gets a piece of the pie -- often a big one.A 70-30 split is common, with Fashionphile taking the smaller cut, Davis said. "But if the velocity of sale will be...