Most Recent FashNews
Muse & Co Raises $3.4M in Funding, Flash Sales Sites Still a Hot Commodity
Fashion-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.
Bain Capital Close to the Finishline for its Next Acquisition
According 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.
FashInvest Exclusive:Entrepreneur Kathy Ireland Talks About What it Takes to Build a Business
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.
Scarosso Bags Series A Funding
Scarosso, 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.
Luvocracy Collects $11M in Funding
Today 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.
BitPay Expands and Receives $2M in Seed Funding
BitPay 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.
Introducing Businesswear Brand, Gurjot New York
Many 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.
Zoolook Gives Fashionistas a Special Look Inside Its Closet
There 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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From the Archives
Could there be Hope for an Ailing Retailer? George Soros Buys Stake in JCPenney
Over the last two years, established retailer JCPenney has been in transition. In 2011, the retailer hired Ron Johnson, former executive at Apple as CEO. In October 2012, FashInvest attended a luncheon hosted by the Fashion Group International.
FashInvest Exclusives
HEADS UP: MALLS COULD DIE SOONER THAN ANYBODY THINKS.
Department stores and specialty chains are in for a shock. Why no one sees it coming, and what retailers can do to survive. It’s no secret that malls are in danger.
