Millennials propel rapid growth of the second-hand luxury goods market
DUBAI, 2 days ago The Middle East’s love for luxury is fuelling rapid growth in the second-hand luxury goods sector. Whilst the pandemic has resulted in reduced in-person shopping, online platforms have profited from a surge in demand from millennials keen to acquire high-end goods at affordable prices. Sabrina Sadiq, founder and CEO of Luxury Promise, a leading social commerce platform for the world’s most exclusive, rare and luxurious second-hand goods and accessories, said: “Our revenue increased fivefold this year due to more customers shopping online throughout the lockdowns.”
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New World Group launches venture for developing economies Filed on May 25, 2021
Adam Sadiq, CEO, New World Group
Mozaic provides smart, efficient, and strategic capital to robust and scalable technology businesses
New World Group (NWG) is a London headquartered, global diversified investment company with more than $2.5 billion in assets under management. The company continues to play a leading role in investing in technology companies seeking to re-invent their industry ecosystems - through its Mozaic business vertical.
Mozaic provides smart, efficient, and strategic capital to robust and scalable technology businesses led by driven and able entrepreneurs. Under the Mozaic enabler, NWG has incubated and launched the global digital platform Algbra for the unbanked and underserved.
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