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 Latin American mall giants, Nigerian craft entrepreneurs and the mixed picture of China’s luxury market.
Resourceful leaders are turning to creative contingency plans in the face of a national energy crisis, crumbling infrastructure, economic stagnation and social unrest.
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.