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.
Investment firm Mirabaud Asset Management said Thursday its Lifestyle Impact & Innovation fund, run in partnership with David Wertheimer, has injected an undisclosed sum in the streetwear-focused media company and e-commerce platform.
As well as providing capital, the fund is working with Highsnobiety on developing its management strategy, bolstering brand recognition and developing offline experiences, the release said.
It is one of six investments recently completed by the fund following a €56 million ($66.5 million) raise in November 2020. Other investments include Intrepid, a digital services provider powering South East Asian marketplace platforms.
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How Luxury Came to Love Streetwear Sites
To reach millennials, luxury brands like Gucci and Louis Vuitton are partnering with influential streetwear sites Highsnobiety and Hypebeast.
In 2020, like many companies, the $50 billion yoga apparel brand created a new department to improve internal diversity and inclusion, and to create a more equitable playing field for minorities. In interviews with BoF, 14 current and former employees said things only got worse.
For fashion’s private market investors, deal-making may provide less-than-ideal returns and raise questions about the long-term value creation opportunities across parts of the fashion industry, reports The State of Fashion 2024.
A blockbuster public listing should clear the way for other brands to try their luck. That, plus LVMH results and what else to watch for in the coming week.
L Catterton, the private-equity firm with close ties to LVMH and Bernard Arnault that’s preparing to take Birkenstock public, has become an investment giant in the consumer-goods space, with stakes in companies selling everything from fashion to pet food to tacos.