The Carousell Group has purchased LuxLexicon’s company and assets in order to add LuxLexicon’s brand, large inventory of premium luxury bags for consignment and resale, and knowledge of offline retail to its portfolio. With this acquisition, LuxLexicon will be able to take advantage of Carousell Group’s expertise in international expansion and online recommerce, which will lead to further growth. Under Florence Low’s direction, LuxLexicon will continue to exist as a stand-alone business, keeping its name, staff, and retail location.