Nasty Gal clothing company — as red-hot as its founder's lipstick (LA Times)
"After securing a $9-million investment in January from Index Ventures, which has also backed Facebook and Etsy, Nasty Gal just scored an additional $40 million from the venture capital firm."
Alber Elbaz (WSJ Magazine)
"Alber Elbaz is a rare bird in a business oft dominated by ego and drama. Humble, funny and all about the work, the beloved Lanvin designer eschews the high-profile social life of his star clients."
Billabong to shutter shops as it posts a $275.6m loss (Sydney Telegraph)
"Billabong International has posted a full year loss of $275.6 million and will close 82 more stores in the next 12 months. The struggling surfwear company said it expects challenging conditions to continue in 2013 but will embark on a four-year strategy to turn the brand around."
Going Their Own Ways (On the Runway)
"The fashion industry began using collaborations maybe 10 years ago as a way of attracting attention and as a legitimate means of experimenting with new kinds of artistic expression. Marc Jacobs’s work with the artists Richard Prince and Takashi Murakami is a standout example. Mugler used Lady Gaga to spruce up its daring image, though the excitement soon fizzled."
'Angels' Can Fund Your Next Step (WSJ)
"If you can't afford to grow your start-up to the next level, angel investors may be able to fill the gap. They invest mainly in early-stage companies with a concept or product under development, usually for amounts in the $250,000 to $500,000 range."