MadaLuxe Group Opens First Luxury Off-Price Retail Location in Los Angeles
Consumers Can Discover the Most Sought-After Luxury Products in the MadaLuxe Vault and Its New E-Commerce Site
December 12, 2017 – Los Angeles, CA, United States – MadaLuxe Group, North America’s leading distributor of luxury fashion, today announced the opening of the MadaLuxe Vault, its first luxury off-price boutique in Los Angeles, and the launch of the store’s e-commerce site. MadaLuxe Vault will offer today’s savvy consumers the most premier luxury brands in a boutique shopping environment that is exclusive yet also accessible for select brands via e-commerce. As part of this announcement, Darin Skinner, who has extensive retail and luxury expertise and spent more than 20 years at Guess, has been named Senior Vice President of Stores to oversee the expansion of MadaLuxe Vault.
“The MadaLuxe Vault concept has been created to attract a passionate consumer seeking authenticity, luxury expertise, quality and great value. Consumers now have a place to shop their favorite luxury brands in a sophisticated boutique setting,” said MadaLuxe Group CEO and Co-Founder, Sandy Sholl. “Los Angeles is an ideal location for us to launch our first store, and we are thrilled to bring on extensive retail talent as we look to build on this exciting new consumer shopping experience in the luxury off-price market,” added Adam Freede, Co-Founder and President of MadaLuxe Group.
Since 2010, MadaLuxe Group has been a trusted partner for Europe’s iconic luxury maisons seeking a North American distribution strategy for excess inventory, growing its retail sales to more than $200 million. While outlet malls are replete with mono-brand luxury stores, through MadaLuxe Vault, the MadaLuxe Group is creating an entirely new luxury off-price lifestyle with a ground-breaking, multi-brand boutique concept.
“MadaLuxe Vault is one of the most interesting new concepts in retail, and we’re thrilled they’ve chosen Citadel as their first retail location,” said Steven Craig, founder and CEO of Craig Realty Group. “Our consumer is always looking for new and exciting shopping experiences, particularly in luxury.”
MadaLuxe Vault will donate a portion of its retail and e-commerce sales to World of Children to fund high-impact programs dedicated to changing the lives of vulnerable children around the world. The store is located at 100 Citadel Drive and will occupy approximately 3,000 square feet of space, featuring a broad assortment of categories including designer handbags, eyewear, accessories and timepieces from top European luxury brands.
About MadaLuxe Group
Since 2010, MadaLuxe Group and its co-founders Sandy Sholl and Adam Freede have created the market – a market it now dominates – for luxury distribution in the retail industry, specializing in full-line and off-price distribution. Today, the company has grown its retail sales to more than $200 million. MadaLuxe Group also imports and distributes full-price timepieces from Ferragamo, Versace and VERSUS Versace, and is an equity owner of Haute Hippie, the high-end brand known for its strong fashion forward designs targeting the well-travelled woman with an international style.