Competition in the Latin American e-commerce market is heating up, with both local players and Asian heavyweights making inroads in a region dominated by one …
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ETailer
Korean Fashion E-tailer Musinsa Posts $733 Million in Annual Revenue
The KKR-backed company has reported a 40.2 percent growth in annual revenue to 993.1 billion won for the 2023 fiscal year. EBITDA for the year …
Australian Luxury E-tailer Cettire Sees Revenues Soar
The grey market e-commerce platform is set to launch a direct channel to consumers in China on the back of a 90 percent year-on-year growth …
South Korean Fashion E-tailer Musinsa Secures $190 Million Investment
The Series C funding round led by investment firm KKR with participation from Wellington Management will bring the company’s valuation to about $2.76 billion. Munil …
Kenyan Fashion E-tailer ShopZetu Secures $1 Million Investment
The Nairobi-based start-up will use the pre-seed funding to trial regional delivery services across the wider East Africa region in markets like Tanzania, Uganda and …
South Korean E-Tailer Musinsa Sees Annual Sales Surge 54%
The rapidly growing fashion e-commerce company reported sales of 708.3 billion won (US$545 million) in 2022, a year on year increase of 54 percent. The …
Australian Luxury E-tailer Cettire Posts $8 Million Net Profit
The online fashion retailer reported 187 million Australian dollars (US$123 million) in revenue during the six months that ended December 31, up 65 percent year …
Chat-Based E-Tailer Threads Styling Acquired by Chalhoub Group
London-based luxury marketplace and personalised shopping platform Threads Styling has been acquired by Dubai-based luxury retail and distribution giant Chalhoub Group for an undisclosed sum, …