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 …
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With 100 million users, is Threads on course to finish off Twitter? | Threads
It feels as if the death of Twitter has been greatly exaggerated since Elon Musk took ownership of the company. Indeed, it’s not Musk, but …
JD Sports to Pay $545 Million for Full Control of Iberian Business
Britain’s biggest sportswear retailer JD Sports Fashion said on Friday it will pay €500.1 million ($544.9 million) to buy out the minority investors in its …
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 …
Rihanna’s Met Gala Look Created at 3 a.m. Meeting, Had $25 Million in Cartier Jewels
Rihanna killed it on the red carpet of the Met Gala but don’t think that fit came easy. The superstar singer was up extremely late …
The Independents Group Raises $400 Million, Looks to Double in Size by 2025
The luxury marketing and communications group — parent to Karla Otto, Bureau Betak and influencer marketing firm Lefty — raised $400 million in a round …
Richemont CFO Burkhart Grund Earned $14 Million Last Year, Annual Report Says
Richemont awarded chief financial officer Burkhart Grund 12.9 million Swiss francs ($14.3 million) in total compensation last year, making him the highest-paid employee at the …
Asos Raises Funds After £291 Million Loss
Asos is raising £80 million from shareholders and borrowing £275 million from Bantry Bay Capital, the specialist lender which recently bailed out troubled retailers Superdry …
Rare Rolex Milgauss Fetches Record $2.5 Million at Auction
A rare and pristine condition Rolex Milgauss watch sold for $2.5 million, smashing records for the highest amount paid at auction for the Swiss brand’s …
Britain’s JD Sports to Buy France’s Courir in $572 Million Deal
The retailer has proposed buying France’s Groupe Courir for an enterprise value of €520 million ($572 million), in what would be the British group’s first …
UK’s Superdry Plans to Raise About $15 Million Through Share Sale
Struggling British fashion brand Superdry said on Tuesday that it planned to raise about £12 million ($14.97 million) through the sale of about 19.1 percent …
Superdry in Talks to Raise Nearly $19 Million in Share Sale: Report
Struggling British fashion brand Superdry is said to be in advanced talks to raise about 15 million pounds ($18.9 million) by sale of shares, Sky …
Shein Tops Up Supply Chain Fund With $55 Million and a Focus on Faster, More Efficient Manufacturing
The ultra-fast-fashion giant plans to spend $70 million over the next five years to train and support suppliers and develop leaner production models. The company …
Italy’s Prada to Invest €60 Million to Help Boost Production Capacity
Italy’s Prada is planning to spend €60 million ($66 million) on industrial capital investments this year, a large chunk of which will help double the …
Shein to Invest Nearly $150 Million in Local Production in Brazil
Online fast-fashion retailer Shein said on Thursday it will invest 750 million reais ($148.85 million) in Brazil in the coming years to establish a network …
Bankrupt Morphe Owner Acquired by Lenders for $690 Million
Forma Brands, the bankrupt owner of the Morphe makeup brand, reached an agreement with lenders Jefferies Finance LLC and Cerberus Capital Management to be acquired …
TikTok Hits 150 Million US Monthly Users, Up From 100 Million in 2020
TikTok said on Monday the short-video sharing app now has 150 million monthly active users in the United States, up from 100 million it said …
$30 Million Worth of US Fashion Imports Stopped for Forced Labour Inspections in Last Year
A total of 631 apparel, footwear and textile shipments with a combined value of $29.55 million have been stopped under the Uyghur Forced Labor Prevention …
Virtual-Fashion Brand DressX Raises $15 Million
The company has emerged as a top player in digital fashion since its launch in 2020. Greenfield Capital, a Berlin-based fund focused primarily on early-stage …
Conscious Marketplace Powered By People Raises $13.6 Million
Powered By People, the Canadian wholesale marketplace that connects fashion, home goods and jewellery buyers in North America and Europe with small-batch producers in roughly …