FashNews
Coty Get Set to Acquire Beauty Distributor
Coty Inc., an emerging leader in global beauty, has announced its agreement to acquire StarAsia, an established distributor of beauty products in the markets of Southeast Asia (Cambodia, Hong Kong, Indonesia, Malaysia, Singapore, Taiwan and Vietnam) from its current parent, Isibane Pte. Ltd. The transaction is expected to close in July 2013.
Mr. Michele Scannavini, CEO of Coty Inc states: “The acquisition of StarAsia will provide us with an established distribution platform to sell our mass brands in key developing markets in the Southeast Asia region. We look forward to welcoming the StarAsia organisation into the Coty family, and I am confident that the talented team there will fit in very well at Coty.” Continue reading “Coty Get Set to Acquire Beauty Distributor” »
JustFab Looks Towards Expansion with the Acquisition of FabKids
JustFab, the innovative fashion-subscription service and lifestyle fashion brand, today announced the acquisition of the children’s fashion brand and personalized e-commerce service, FabKids, which was launched by ShopStyle founder and serial entrepreneur, Andy Moss, and mom and actress Christina Applegate, in August 2012. The acquisition follows JustFab’s successful category expansion and will give FabKids access to the matured manufacturing, operations and marketing infrastructure of JustFab.
Continue reading “JustFab Looks Towards Expansion with the Acquisition of FabKids” »
iStone and DeSL Partner Up To Provide Fashion PLM Solution
Fashion industry web based solutions global company, DeSL, announced a channel partnership with an IT Consulting company, iStone. Together, the companies will provide PLM, ERP, SRM and e-commerce solutions to the fashion, apparel, textile and footwear market.
Since 2002, DeSL has become one of the fastest growing providers, delivering solutions to global customers such as Calvin Klein, Men’s Wearhouse, VF Corporation, Bravissimo, Eileen FIsher, Dewhirst, MAS Holdings, Nautica and many more. The company is head-quartered in the UK, with offices in New York, Shanghi, Turkey and Australia. They are one of the few companies to deliver solutions build entirely using the Microsoft .Net framework. Continue reading “iStone and DeSL Partner Up To Provide Fashion PLM Solution” »
MenInvest Acquires London-Based Retailer, Oki-ni.com
According to Women’s Wear Daily, French e-commerce and media group, MenInvest recently announced acquiring online retailer, Oki-ni.com. Two of the founding partners of the website, Ben Banks and Charles Perez, also agreed to become shareholders and advisers in MenInvest.
The London-based e-commerce site was founded in 2001, attracting over 500,000 unique visitors a month. Oki-ni.com was created to work with established brands and progressive designers, such as Vans, New Balance, Nudie Jeans and others, offering innovative products to fashion consumers. Previously, they’ve collaborated with Adidas, Levi’s, Paul Smith and Porter while shipping men’s fashion brands to more than 75 countries. Continue reading “MenInvest Acquires London-Based Retailer, Oki-ni.com” »
Zalora, the ecommerce Platform that Keeps on Getting, Receives another Injection of Funding
ZALORA, one of Southaast Asia’s fastest-growing e-commerce platforms, has secured a new round of funding totaling US$100 million (roughly S$124 million) from a few investors, including Summit Partners, Investment AB Kinnevik, Verlinvest and Tengelmann Group.
This is the third round of funding for the platform since September 2012, proving the ecommerce is still in demand. This new round of funding also represents one of the largest e-commerce investments in the emerging market space. Continue reading “Zalora, the ecommerce Platform that Keeps on Getting, Receives another Injection of Funding” »
TowerBrook Capital Snatches Up Kaporal Jeans
Over the years, denim has been a hot commodity in the apparel business and a staple piece in almost every consumer’s wardrobe. Denim is here to stay and will only get better, and investors agree.
According to Women’s Wear Daily, TowerBrook Capital Partners recently announced acquiring a large chunk of the French lifestyle brand, Kaporal Jeans. TowerBrook has been in talks with Laurent Emsellem, the brand’s founder and majority owner, since mid-2012, and agreed that Emsellem would remain an investor in the brand and a board member. Recently, TowerBrook Capital Partners acquire brand True Religion. Continue reading “TowerBrook Capital Snatches Up Kaporal Jeans” »
Brightpearl Racks Up $8 Million in Series B Funding
Cloud software platform, Brightpearl, recently announced raising $8 million in Series B financing co-led by seed investors Eden Ventures and Notion Capital. They plan to use the funding to invest in continued enhancements to its industry-leading Commerce Acceleration Platform, and to expand sales in North America and the UK. Continue reading “Brightpearl Racks Up $8 Million in Series B Funding” »
Luxury Flash Sale Site, Reebonz, Receives $40 M in Funding
Gilt has a new competitor. Reebonz, a discount luxury flash-sale site based in Singapore has received an astounding $40 Million in funding. The company, founded in 2009, brings luxury goods to consumers with up to 70% discounts. Reebonz is a popular company in Asia, with a strong consumer base and an even stronger designer good range. It offers flash sales on brands such as Fendi, Prada, Givenchy, Burberry, and more. The recent funding puts the eCommerce’s sites value to around $200 million. Continue reading “Luxury Flash Sale Site, Reebonz, Receives $40 M in Funding” »
FreshNeck Makes Bold Move and Acquires Competitor TieTry
Finding the perfect tie for every occasion can be difficult for men. Luckily, this is no longer the problem. Renting ties has become all the rage and the competition amongst companies who offer this has become fierce! So how can you slow down the competition? Acquire them!
FreshNeck, a revolutionary tie rental service based out of New York City has acquired industry competitor, TieTry. Continue reading “FreshNeck Makes Bold Move and Acquires Competitor TieTry” »
Waitt Co. Acquires Golfwear, Bobby Jones
According to Women’s Wear Daily, golfwear company, Bobby Jones is switching sides. Omaha-based firm, Waitt Co. has agreed to acquire the business from W Diamond Group Corp. , a New York-based company owned my Doug Williams. The agreement gives Waitt a long-term license for the exclusive use of the brand globally for apparel, gold equipment and related products.
Waitt Co., has controlled ownership of sports brands such as Prince, Ektelon, Battle Sports and Viking, and also acquired luxury labels such as Judith Leiber, Adrienne Vittadini and Taryn Rose in April. Founded by Norm Waitt, Jr., the company invests directly in private and public companies and indirectly through public and alternative investment managers.
Continue reading “Waitt Co. Acquires Golfwear, Bobby Jones” »
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From the Archives
Startup BaubleBar Raises $4.5 Million in Series A Funding
Trusted Source for High-Quality Fashion Jewelry Seals the Deal BaubleBar, a trusted source for high-quality fashion jewelry, has raised $4.5 million in Series A funding. The round was reported yesterday morning in PandoDaily.
FashInvest Exclusives
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.
