Most Recent FashNews
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.
Brightpearl Racks Up $8 Million in Series B Funding
Cloud software platform, Brightpearl, recently announced raising $8 million in Series B financing co-led by seed investors Eden Ventures and Notion Capital. They plan to use the funding to invest in continued enhancements to its industry-leading Commerce Acceleration Platform, and to expand sales in North America and the UK.
Luxury Flash Sale Site, Reebonz, Receives $40 M in Funding
Gilt has a new competitor. Reebonz, a discount luxury flash-sale site based in Singapore has received an astounding $40 Million in funding. The company, founded in 2009, brings luxury goods to consumers with up to 70% discounts. Reebonz is a popular company in Asia, with a strong consumer base and an even stronger designer good range. It offers flash sales on brands such as Fendi, Prada, Givenchy, Burberry, and more. The recent funding puts the eCommerce’s sites value to around $200 million.
FreshNeck Makes Bold Move and Acquires Competitor TieTry
Finding the perfect tie for every occasion can be difficult for men. Luckily, this is no longer the problem. Renting ties has become all the rage and the competition amongst companies who offer this has become fierce! So how can you slow down the competition? Acquire them!
FreshNeck, a revolutionary tie rental service based out of New York City has acquired industry competitor, TieTry.
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.
E.Land and K-Swiss Inc. Snaps Up OTZ Shoes in its Latest Acquisition
E.Land World Limited and K-Swiss Inc., owner of the K-Swiss and Palladium brands, announced today the strategic acquisition of Malibu, California-based contemporary comfort footwear brand OTZ Shoes Inc. Under the agreement, OTZ Shoes will continue to operate as an independent subsidiary of K-Swiss Inc., with key executives remaining in place. The acquisition marks the first addition to the K-Swiss Inc. company portfolio since the completion of its April 30 merger with E.Land.
Viss App Receives Seed Funding From Clive Ng and Christian Remrod
Earlier this year, we reported that Hong Kong-based mobile app, Viss, upgraded to its latest new function, “Shop the look” for its iOS and Android applications. Now, according to TechinAsia, the social fashion and commerce platform takes the next step to success, receiving a round of strategic seed funding from Clive Ng and Christian Remrod through their company 8 Plus Holding.
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What a Joyus Experience
Video Platform to Push eCommerce by Engaging Consumers Joyus is an online service that creates engaging videos, about 3 minutes in length, to entice and inform shoppers in hopes of converting online sales. Each video depicts and describes, in detail, a featured garment and conveniently offers a “buy” button adjacent to the video. The service focuses on high-end women’s apparel and is currently partnered with Azalea Boutique, Prtty Peaushun and ModCloth.
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