The software company powers resale for brands including Oscar de la Renta, Sandro and The North Face, among others. Creating tailored resale programmes for each …
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Raises
Accessories Rental Platform Vivrelle Raises $35 Million
The New York City-based rental company, which offers users monthly access to accessories like Chanel handbags and Hermes jewellery, has closed its $35 million Series …
Rolex Raises Prices in Europe for Second Time This Year
Rolex SA raised retail prices for its watches in Europe for the second time this year due to currency fluctuations including the strong US dollar. …
Hugo Boss Raises Outlook as Revamp Brings in Younger Buyers
Hugo Boss AG raised its sales and profit outlook for the year after a strategy shift kindled demand, but analysts called the upgrade disappointing after …
Ashley’s Frasers Group Raises Stakes in Hugo Boss, Asos
Mike Ashley’s Frasers Group Plc is continuing a strategy of taking bets on rivals with the sportswear retailer increasing its holdings at fashion brand Hugo …
Direct-to-Consumer Financing Firm Clearco Raises $215 Million
The e-commerce investor, formerly known as Clearbanc, announced on July 8 its new round of funding led by investor SoftBank under its Vision Fund 2. …
One Year Later, the 15 Percent Pledge Raises Its Ambitions
The 15 Percent Pledge’s newest signatory, Nordstrom, is a big get for the organisation. It’s not just the company’s size, though with over $10 billion …
Everlane Raises $90 Million in Debt
The basics brand just bagged a fresh round of funding to shore up its expansion plans. The direct-to-consumer company, one of the earliest digital native …
Italian Fashion Group Zegna Raises Guidance for 2022
Italian fashion group Ermenegildo Zegna raised its full-year guidance on Friday after reporting a 21 percent increase in half-year revenue. The company, which is listed …
Hugo Boss Raises Guidance After Strong Second Quarter
The German retailer anticipates sales in 2022 to increase between 20 percent and 25 percent to hit a new “record level” between €3.3 billion and …
Green Chemistry Start-Up Evolved By Nature Raises $120 Million
The company closed a Series C funding round, led by Teachers’ Venture Growth (TVG), the late-stage venture arm of the Ontario Teachers’ Pension Plan Board, …
Chinese Fashion Tech Firm Linctex Digital Raises $100 Million
LincTex Digital, best known for developing its virtual try-on technology for fashion e-commerce, raised $100 million in a fund-raising round led by Hillhouse Capital and …
Mike Ashley’s Frasers Raises Hugo Boss Exposure Up to $937 Million
Mike Ashley’s Frasers Group said on Wednesday it has increased its maximum exposure to Hugo Boss to $937 million and reiterated its support for the …
Capri Raises Full-Year Profit Forecast
Michael Kors owner Capri Holdings Ltd raised its full-year profit forecast on Wednesday, signalling robust demand for its luxury goods as higher-income consumers return to …
Arianee, NFT Platform for Fashion and Luxury, Raises €20 Million
The Paris-based company bills itself as an end-to-end web3 solution for brands to create and distribute NFTs, typically linked to physical goods. The NFTs can …
Madison Reed Raises $33 Million With an Eye on Brick and Mortar
Hair colour company Madison Reed, which saw an influx of new customers in the early days of the pandemic, raised $33 million in a new …
South Korean Sneaker Resale Platform SoldOut Raises $33 million
The operator of South Korea’s online resale marketplace for limited-edition sneakers and streetwear said existing shareholders Musinsa, South Korea’s largest multi-brand online fashion retailer, and …
Rental Platform By Rotation Raises $3 Million
By Rotation, a peer-to-peer fashion rental platform, has raised $3 million in seed funding. The round was led by Redrice Ventures, with additional participation from …
Sino-Thai Beauty Brand Mistine Raises $31 million in Series A Funding
The 34-year-old brand was founded by Amornthep Derojanawong in Thailand, but entered the Chinese beauty market in 2016 and is now headquartered in Shenzhen. The …
Indian Cruelty-Free Beauty Brand Plum Raises $35 Million in New Funding
The series C round was led by by A91 Partners, with existing backers Unilever Ventures and Faering Capital also participating. This new injection of capital …