Julien Le Bec, former chief operating officer of Smallable, has been appointed to lead the sales platform Bazarchic, which was acquired in the spring by Hong Kong-based fund AA Investments. The firm has also recently taken over Wethenew, Smallable, and L’Exception.

In December 2024, Galeries Lafayette officially announced its intention to either shut down or sell Bazarchic . Founded in 2006 and boasting a base of two million active members, the fashion portal had struggled to keep pace with competitors such as Veepee and Showroomprivé, as well as secondhand platforms like Vinted and Vestiaire Collective .

Le Bec assumed his new role in July, following nearly seven years at Smallable as chief financial officer and COO. The family-focused clothing and lifestyle retailer

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