Luxe Collective closes after robbery, bad decisions

Luxe Collective, a fashion business featured on Dragons' Den, is closing down, according to founder Ben Gallagher. He cited a warehouse break-in and regrettable decisions as key factors. The company, which received a £100,000 investment from Steven Bartlett, specialized in pre-owned luxury goods. Gallagher stated the closure followed a year-long struggle after a warehouse robbery in July 2024, impacting the business's finances and his leadership. The closure comes after former employees claimed redundancies. Gallagher expressed regret and acknowledged the impact on staff and customers, while also reflecting on the company's past successes and thanking supporters.