The luxury handbag and jewelry rental service is seeing monthly double-digit growth less than two years after launch.
Going on a honeymoon really paid off for Blake and Wayne Geffen.
While planning their wedding in 2017, Blake, then a publicist at the agency LaForce, was searching for a service that would allow her to borrow high-end accessories without blowing her budget. She and Wayne, who has a background in finance, were hosting their wedding at The Plaza Hotel in New York City, after all.
“When we dug into it deeper, we found a fragmented market that didn’t have any luxury aspects to it,” Blake said. “That’s when we found a real gap in the market.”
Honeymooning in the Maldives, the then-newlyweds put together a business plan for Vivrelle, a luxury handbag and jewelry rental platform. They secured funding from friends and family upon their return.