Luxe Collective closes after burglary despite investment

Luxe Collective, a luxury resale brand that received a £100,000 investment on Dragons' Den, is closing down after a devastating burglary last year. The company's founder cited the break-in and its aftermath as the reason. The business, founded in 2018, was hit by a warehouse burglary in July 2024, with over £500,000 worth of stock stolen. Despite efforts to continue, the company was unable to recover, leading to staff redundancies and the eventual closure. The brand, which gained popularity on social media, had previously secured investment from Steven Bartlett on the BBC show. The founder expressed relief and acknowledged the emotional toll of the events.