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CFDA announces nominees and honorees for 2017 CFDA Fashion Awards

It’s CFDA season. The Council of Fashion Designers of America has announced the nominees and honorees for its 2017 CFDA Fashion Awards. The awards are being put on in partnership with in partnership with Swarovski for the 16th year. Lexus will serve as the official automotive partner. The awards will be held June 5 at The Manhattan Center’s Hammerstein Ballroom. The nominees …

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Wal-Mart buys acquires ModCloth in effort to compete with Amazon

Big box retailer Wal-Mart, recently announced its purchase of online women’s retailer ModCloth. The company has not released the price of the deal, but according to BoF, the acquisition price is in the same range as Wal-Mart’s previous two purchases of Shoebuy for $70 million and Moosejaw for $51 million. Wal-Mart’s intent with this venture is to support its strategy of acquiring smaller online …

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Maisonette raises $2.7 million to become the Net-a-Porter of childrenswear

Maisonette, an NYC-based online childrenswear shop, has raised $2.7 million in seed funding.  The investment came from New Enterprise Associates and Thrive Partners. Angels Silas Chou, Andrew Rosen, Marcus Wainwright and his wife, Glenna Neece, Vivi Nevo and Jonathan and his wife, Lizzie Tisch, also contributed to the round. Maisonette was co-founded by Vogue Magazine alums Sylvana Durrett and Luisana Mendoza-Roccia, as …

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Modanisa raises funding to expand modest fashion site beyond MENA region

Modanisa, a Turkey-based modest fashion e-commerce shop, has raised an undisclosed amount Series D funding. The investment round was led by Wamda Capital and the company’s exisiting investor STC Ventures, who led their round of $5.5 million in 2015. “We are keen at Wamda Capital to invest in businesses that shape new realities for consumers,” Khaled Talhouni, Wamda Capital’s managing partner said in a statement. …

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