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Boohoo raises $65 million to fund new warehouse

Boohoo, a British online fashion retailer has raised £50 million ($65 million at current exchange) from investors to fund a new merchandise warehouse. Investors in the round were undisclosed. Mahmud Kamani and Carol Kane founded Boohoo group in 2006. The two of them have over 30 years of experience in the fashion and apparel industry and now own a stable …

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LVMH announces launch of multi-brand fashion site 24 Sèvres

LVMH, the world’s largest fashion conglomerate, has announced it will launch, 24 Sevres, a multi-brand fashion site inspired by Le Bon Marche, their department store. The new website is set to launch on June 6 in more than 70 countries. Named after the Rue de Sevres location of Le Bon Marche in the 7th arrondissement. 24 Sevres will offer fashion, cosmetics and luggage …

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How Rêve en Vert is becoming a key destination for curated sustainability

Before co-founding Rêve en Vert, a sustainable luxury online shop, Cora Hilts cut her teeth as an intern at Stella McCartney, a brand that is widely recognized as a leader in sustainability in fashion. During her first day as an intern, Hilts was shocked when she was told to remove her new red leather gloves. Leather and other animal products …

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Glossier is set to expand, create 282 jobs with support from New York State

Glossier will be expanding, adding 282 new jobs to its team of 61. The beauty brand has also taken a floor of Stellar Management and Imperium Capital’s One Soho Square and moving out of its Lafayette St. office in Soho, New York. The announcement came from Governor Andrew Cuomo in a press release. New York State’s economic development agency is …

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