Breaking news: TSM Capital invests in Matthew Williamson

WWD's lead story today reveals that TSM Capital, an offshoot of Marvin Traub Associates, has invested in  London-based Matthew Williamson, having raised funds from a silent investor. The deal gives TSM a 22% stake of Williamson's business. Last year, Williamson took on investment from Baugur Group, where Aslaug Magnusdottir, now one of the key individuals behind TSM, was responsible for venture investments, like the one in Williamson. The investments will focus on early stage businesses in fashion apparel and accessories. Traub described to WWD the market gap that TSM is aiming to fill: "Over time, we frequently saw many great companies whom we thought were talented, and who could use funding. But if you're trying to raise a range of…

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Zandra Rhodes and Betsey Johnson: Fashion grannies rock on

Two legendary doyennes of the fashion world have been making news this week -- and not just for their colourful fashions. Today, Betsey Johnson announced a majority investment in her business from Boston's Castanea Partners. Some observers are questioning Castanea's logic for investing in a 30 year old brand whose namesake is already a grandmother and whose high-profile days are long over.  On the contrary, the business  has a solid own-retail network of 51 stores and a respectable $200m in sales. This could provide a great platform for further growth, as long as Castanea doesn't dilute the brand's famous quirky irreverence, which is what is most appealing to its loyal fans. Earlier this week British fashion icon, Zandra Rhodes, garnered…

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Valentino: Fashioning change from private equity

This week's Economist ominously warns of "The Trouble with Private Equity" at a time when many in the fashion world are wondering how the infusion of private capital will impact their industry. In the last month alone, La Perla, Samsonite and Valentino have all been snapped up by private equity funds. Just today, The Sunday Times broke the news that Prada has also been in talks with private investors. (Not surprisingly, Prada has denied these reports, but it is not hard to see why this would be a natural option for Patrizio Bertelli, especially given several failed attempts at taking Prada public.) The recent investment exuberance around fashion brands is a dramatic departure from the stance that many professional investors…

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The Basics | Part 3 – How do I Find the Right Investors and Partners?

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Taking on financing is one of the most important decisions an emerging fashion company will make.  This step is absolutely essential because the early stages of growth often requires significant amounts of working capital that cannot be generated by the business alone. So, unless you are independently wealthy and sitting on a pile of cash, financing decisions will be part of your critical path, early on. What is the difference

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