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Lazada Group raises $1 billion equity investment from Alibaba

Lazada Group, Southeast Asia’s largest e-commerce site, has raised $1 billion in equity funding. The transaction will increase Alibaba’s total investment in Lazada to over $2 billion. The investment came from Alibaba Group, which will increase its 51 percent stake in the company to 83 percent. Alibaba will purchase shares from certain Lazada shareholders at an implied valuation of $3.15 …

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LVMH acquires Christian Dior Couture in $13 billion deal

In a $13 billion deal, LVMH has announced it will acquire Christian Dior Couture from Christian Dior SE. The two-part agreement will merge the entire Christian Dior brand into LVMH’s fashion and leather goods division. In the first part of the deal, Groupe Arnault, the family office and personal investment arm of LVMH chairman and CEO, Bernard Arnault and his family, …

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StalkBuyLove raises $1 million to monetize on millennials practice of ‘style stalking’

StalkBuyLove, an India-based fashion e-commerce site, has raised $1 million in venture funding. The company has raised $7.07 million to date. The investment came from Trifecta Capital. Tushar Ahluwalia, a Rocket Internet alum, co-founded StalkBuyLove in 2013 with Nishrit Srivastva, Aashna Chopra and fashion influencer, Shikha Ahluwalia, as India’s answer to Nasty Gal. The vertically integrated startup sells women’s clothing …

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LVMH announces 2017 Prize for Young Fashion Designers shortlist

The 21 LVMH Prize semifinalists

LVMH has announced the 21 semifinalists for its annual Prize for Young Fashion Designers. The luxury group chose from 1,200 candidates – its highest number of applications yet. The semifinalists hail from Australia, Denmark, France, Germany, Ireland, Japan, Korea, New Zealand, Russia, Spain, Taiwan, Turkey, the United Kingdom and the United States. This year’s group of semifinalists is set apart …

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