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.
Private equity firm KKR & Co will invest $95 million in Indian omnichannel eyewear retailer, Lenskart, as part of a broader, $250 to $300 million capital-raising round, The Economic Times reports.
Lenskart, founded in 2010, has around 730 stores in 175 cities across India and is said to be eyeing Singapore, the Middle East and United States for international expansion.
The retailer has previously raised $459 million over nine rounds from 12 investors, the last of which included Kedaara Capital and SoftBank Vision Fund II in 2019.
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.