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.
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.
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.
140 More Years of Blue Jeans in the Making
On May 20th, 1873 Levi Strauss and Jacob Davis finally received a patent to put copper rivet fasteners for buttons on their denim pants. Ever since that day the word blue jeans has been around and has never gone out of style. Even after 140 years later, the blue jean has gone from rugged to a fashion staple. Almost everyone owns a pair of blue jeans and they can be worn for any occasion. Consumers often are looking for the next new variation of blue jeans, however they enjoy the continual use of cotton in their jeans.
Marks & Spencer Revamps their Clothing to Create a Best of British Capsule
Marks & Spencer has made a vow to put quality before quantity in their stores in order to revive them. They have done just that. They have released new men and women’s clothing and have added a best of british collection going back to their roots in the UK. Marks & Spencer has been a staple in the UK for years and has gotten harsh criticism when budgets need to be cut back and they go looking for cheaper alternatives rather than sticking to making things purely in the UK. That is why this new collection will be a huge hit and will greatly help people see Marks & Spencer in the same light again.
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.
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