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 …
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Raises
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 …
Streetwear Marketplace Kicks Crew Raises $6 Million in Series A Round – Business of Fashion
Images and Article from www.businessoffashion.com. The capital injection will be used to strengthen the e-commerce company’s position in the US market. The round was led …