The limited-edition piece has been made locally in Brisbane.

Retail bodies are also calling for the National Leasing Code of Conduct to be reintroduced.

The launch of the platform comes as the second-hand luxury market is expected to grow to US$52 billion in the next two years.

The investors can spend between $5 million and $100 million to acquire an Australian fashion business.

The Aussie retailer has purchased another plus-sized brand for $9.6 million.

Barnes has 22,000 followers on Instagram and is a five-time BMX world champion and a nine-time BMX Australian champion.

Founder Megan Ziems calls this decision a "no brainer."

However, only 47% have taken action.

A recent post featuring a bag of theirs clocked up 23,000 likes.

Once completed, the site is expected to fulfil 70% of the department store's online orders.

"This season we have a heavy investment in digital channels."

The business has admitted that the claims that LJ Shield activewear could protect wearers from COVID-19 were false.

Currently, the brand is available across eight retail partners in ANZ.

"This partnership shows our dedication to the category."

The investor told Ragtrader in January that he was interested in pursuing further acquisitions in the fashion space.

The collection launches in time for the debut of season two of Outer Banks.