By  on May 13, 2019

LONDON — Farfetch is entering the resale arena, and given its existing ecosystem of brand, boutique and technology partners, the retailer believes it has a competitive edge and can claim its space in the promising market, which is set to double in size and reach $51 billion in the next five years.

Dubbed Farfetch Second Life, the service will allow customers to sell their pre-owned luxury handbags in exchange for Farfetch credit, which will be given upfront.

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