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Global Brands Group acquires majority stake in Sean John

Image screenshot: Sean John

Fashion holding company, Global Brands Group Holding Ltd., has acquired a majority stake in men’s lifestyle brand Sean John, which includes Enyce. The financial terms of the deal were undisclosed. As part of the acquisition, Sean John and Enyce will become part of the Creative Arts Agency-Global Brands Group, a subsidiary of Global Brands. And Sean “Diddy” Combs will retain …

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TrueFacet launches TrueTrade to help shoppers trade in pre-owned jewelry


TrueFacet just launched TrueTrade a new service that lets shoppers trade in their pre-owned luxury jewelry just in time for the holidays. As an alternative to purchasing new luxe jewels, which can be quite pricey, especially around the busiest shopping time of the year, shoppers can now trade-in these items towards a new piece. True Facet’s CEO, Tirath Kamdar, says …

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GEENEE turns Instagram into shoppable marketplace, raises $4.4 million

Image courtesy: Screenshot Geenee

Have you ever seen an outfit on Instagram and searched tirelessly for the exact match? Well, there’s now an app to solve that common conundrum. Geenee, launched Thursday out of beta on iOS and Android, and has raised $4.4 million in Series A funding to help shoppers solve this issue. The investment came from Highlight Communications AG, Constantin Media AG …

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Glossier raises $24 million to launch standalone store and expand globally


Glossier, the New York-based cult beauty brand founded by Emily Weiss, has raised $24 million in Series B funding. The company has raised $34.4 million to date. The investment round was led by IVP, with participation from Index Ventures. “The Series B fundraise marks the third time in three years that I’ve asked total strangers for money so I can …

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