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Most Recent FashNews

Muse & Co Raises $3.4M in Funding, Flash Sales Sites Still a Hot Commodity

Posted on May 17, 2013 in Accessories, Apparel, Asia, Clothing, eCommerce, Fash-Cash, Fash-Funds, Fash-Tech, Flash Sales, Recent Funding, Social Shopping, Uncategorized

museFashion-loving Japanese startup Muse & Co has raised 350 million yen, (approximately $3.4 million), in series B funding for its fledgling e-commerce business. Participants in this round were Itochu Technology Ventures, Mitsubishi UFJ Capital, and Infinity Ventures Partners (IVP); this funding comes exactly a year after a smaller first round.

Muse & Co aims itself at Japan’s savviest and most stylish shoppers – which are of course young, professional women. It’s a VIP flash sales site, something we’ve seen prove popular in the country with Luxa.jp, Monoco, Glamour Sales, and numerous others.

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Bain Capital Close to the Finishline for its Next Acquisition

Posted on May 17, 2013 in Accessories, Fash-Cash, Fash-Funds, M & A, Uncategorized

yankeeAccording to Rueters, Bain Capital LLC has emerged as the last party standing in the race for Yankee Candle Co Inc.

Final bids for Yankee Candle, currently owned by Madison Dearborn Partners LLC, are due this week and the people said on Wednesday that other buyout firms that had made first-round offers for the company, including Advent International Corp, CVC Capital Partners Ltd, Clayton, Dubilier & Rice LLC and Ares Management LLC, had lost interest.

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FashInvest Exclusive:Entrepreneur Kathy Ireland Talks About What it Takes to Build a Business

Posted on May 17, 2013 in Fash-Featured, Fash-Style, Individuals, Uncategorized

Kathy 2

When building a brand, there is so much more to than just sales and profits (although these are also important aspects). You want to build something that consumers can relate to; you want to build a lifestyle.

I recently attend The Third Annual Consumer Brand Conference hosted by Consensus Advisors, a boutique investment bank focused on the retail and consumer products industries, and The NASDAQ OMX Group, Inc., the world’s largest exchange company. There a were a number of good presentations along with two phenomenal keynote speakers, Kathy Ireland of kathy ireland Worldwide® and Kevin Plank of Under Armor.

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Scarosso Bags Series A Funding

Posted on May 17, 2013 in Accessories, Business, Fash-Cash, Fash-Funds, Fash-Style, Recent Funding, Uncategorized

scarossoScarosso, the online luxury shoe brand, announced today that it has raised Series A funding from a syndicate of leading investors led by DN Capital. DN Capital was joined in the round by IBB Venture Capital Company managed ‘Kreativwirtschaft Berlin’, Perikles Ventures and other local angel investors.

Scarosso was founded in 2010 by Moritz Offeney and Marco Reiter. The business attracted angel funding from Berlin Ventures, Martin Sinner (Idealo GmbH) and Michael Brehm (studiVZ). Scarosso uses its unique relationships with top Italian manufacturers to deliver on its brand promise: offering customers unparalleled design, materials and craftsmanship at honest prices.

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Luvocracy Collects $11M in Funding

Posted on May 16, 2013 in Accessories, Advertising, Apparel, Clothing, eCommerce, Fash-Cash, Fash-Funds, Fash-Style, Recent Funding, Uncategorized

luvocracyToday consumers have a great advantage to shopping, receiving recommendations. This concept is great for the indecisive person and those who value the opinion of others. Thanks to social media, this has become a major factor before making a purchase.

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BitPay Expands and Receives $2M in Seed Funding

Posted on May 16, 2013 in Advertising, Business, Digital, eCommerce, Fash-Cash, Fash-Funds, Recent Funding, Uncategorized

bitpayBitPay Inc, the world’s leading payment processor for bitcoin, announces it has raised an additional $2M in seed funding. The round was led by Founders Funds, which includes three founders of PayPal and Heisenberg Capital.

“ECommerce companies see the tremendous value that frictionless international payments bring to their businesses as they expand into emerging markets. BitPay’s ambitions have been global from the outset, and at Founders Fund we have been impressed with the company’s tremendous growth as they sign up hundreds of new customers a day, turning the potential for opportunity into a reality,” said Brian Singerman a Partner at Founders Fund.

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Introducing Businesswear Brand, Gurjot New York

Posted on May 16, 2013 in Accessories, Apparel, Clothing, Fash-Style, Uncategorized

gurjotMany women in the business world get so caught up in the hustle of their busy work schedule, that sometimes they forget to stop and take a second look at what their attire. Not only do women not realize the fit of their suit isn’t right, but sitting in them at the office for so long can get hot and uncomfortable. After recognizing the lack of high-quality, relevant businesswear available in the market, Gurjot Sidhu developed luxury collections that conveys power, style and comfort to every successful businesswoman.

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Zoolook Gives Fashionistas a Special Look Inside Its Closet

Posted on May 16, 2013 in Accessories, Apparel, Clothing, Daily Deals, Fash-Style, Fash-Tech, Social Shopping, Uncategorized

ZoolookThere are so many different kinds of social sharing apps for smart phones such as Instagram, Pintrest, Vine, and our previously featured fashion app, Viss. Now, according to TechInAsia, Japan introduces their first smartphone app for the fashion photo sharing community, Zoolook.

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Testimonials

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“It was my privilege and pleasure to participate. You and David organized and orchestrated the event like the masters you are. You and David are definitely on to something with big global potential.”Jeffry Aronsson | Aronsson Group and CEOUngaro
“Focus on your product initially, not necessarily on advertising. That’s the advice Gilt Groupe founder and chief executive officer Kevin Ryan gave to entrepreneurs who were making pitches to potential investors at FashInvest’s Second Annual Capital Conference on Wednesday, held at the Fashion Institute of Technology.”WWD
“Congratulations on job well done yesterday. You established a new paradigm for the industry. Thank you for including me.”Michael Wallace | former CEO ADAM (acquired by Kellwood)
“Since FashInvest, Fits.me Virtual Fitting Room has been signing up new clients madly. At one point we had to slow down new client signups to make sure we cope with it organizationally. It’s an excellent problem to have.”Heikki Haldre | Fits.ME (Presenting Company)
“In this economy, getting funding for a fashion startup is no cinch. So firms pitching investors at the FashInvest Capital Conference on Wednesday need to choose their words carefully. Last year, at the event’s debut, only 15 contenders were selected to hit up 60 investors. This year, 25 hopefuls, culled from 125 applications, will face the room.”Crain's New York
“In a setting reminiscent of a speed-dating bar scene, but with no promise of even a first date, much less a long-term relationship, more than 20 fledgling fashion companies pitched their talent, their drive and their ideas to an audience of potential investors at the Fashion Institute of Technology last week.”New York Times
“It was immeasurable valuable! It propelled us into exploring the many options for what success could look like for the Uniform Project brand and access to a valuable and resourceful community.”Darcey Howard | The Uniform Project (Presenting Company)
“It was probably the best thing we’ve ever done since the start of our company.”Arlene Battishill