The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
Cupshe, a direct-to-consumer swimwear label that generates the bulk of its sales via its own website, as well as Amazon, received more than $15.4 million in investment from Vision Knight Capital, according an announcement on the fund’s official WeChat account.
Vision Knight Capital was co-founded by Wei Zhe (also known as David Wei), a former CEO of Alibaba.
Cupshe, which was founded in 2015, has its design centre in Los Angeles and manufactures in China, but sells to consumers mainly in Europe and North America.
This week’s round-up of global markets fashion business news also features the China Duty Free Group, Uniqlo’s Japanese owner and a pan-African e-commerce platform in Côte d’Ivoire.
Affluent members of the Indian diaspora are underserved by fashion retailers, but dedicated e-commerce sites are not a silver bullet for Indian designers aiming to reach them.
This week’s round-up of global markets fashion business news also features Brazil’s JHSF, the Abu Dhabi Investment Authority and the impact of Taiwan’s earthquake on textile supply chains.
This week’s round-up of global markets fashion business news also features Dubai’s Majid Al Futtaim, a Polish fashion giant‘s Russia controversy and the bombing of a Malaysian retailer over blasphemous socks.