Luxury goods retailer LXR & Co launches in Canada, assisted by $1.5 mln funding from BDC

Montréal-based LXR & Co, an e-commerce specialist in vintage luxury products, made its Canadian launch with the help of a $1.5 million investment from the Business Development Bank of Canada (BDC). Founded earlier this year, the company features an online platform LXRco.com, which is currently operational in a dozen countries and has a boutique in Beverly Hills. BDC funding was provided to parent company LXR Canada, a wholesaler of vintage products in North America, and will be utilized for operational development.

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