Home » FashNews

FashNews

Goldman Sachs report names online winners Poshmark, The RealReal and Everlane

Goldman Sachs named Everlane as a brand that's beating out brick-and-mortar offshoots

Offline, the apparel market is suffering. The shift out of brick-and-mortar offshoots into online platforms accelerated in 2013 — a product of greater omnichannel investments in perks like free shipping, price matching, and mobile sites. As of now, online is the fastest growing shopping channel with close to 15 percent of the apparel and accessories market growing to nearly 20 …

Read More »

Draper Esprit opens IPO with $135.6 million initial capital raise

Lyst is Draper Esprit's portfolio company

Draper Esprit plc is now a publicly traded fund in London and Ireland. The firm has been admitted to the London and Dublin stock exchanges with the stock tickers GROW.L and GRW.I, respectively, raising an initial £103 million ($135.6 million at current exchange rates) of capital. The team includes investing partners Simon Cook, Stuart Chapman, Brian Caulfield, Jonathan Sibilia, Olav …

Read More »

Investcorp acquires majority stake in Corneliani

corneliani

Bahraini investment firm, Investcorp, has just announced that it will acquire a majority stake in Italian luxury menswear brand Corneliani, for an enterprise value of approximately $100 million. The exact percentage of stake Investcorp now owns in Corneliani was undisclosed. As part of the deal, certain members of the Corneliani family will remain as shareholders with Investcorp, FinSMEs reports. Founded …

Read More »

RevCascade launches marketplace automation solution

Image credit: Tommy Mendes  
RevCascade co-founders Josh Wexler and Andrea Tobin

Right now, global retail e-commerce sales stand at $1.7 trillion, and are poised to reach as high as $3.6 trillion by 2019, according to data gathered from a recent eMarketer forecast. Marketplace behemoths like Alibaba, Amazon and Ebay are generating more than $700 billion of those retail sales, and smaller e-commerce retailers are looking to follow their success. The marketplaces …

Read More »