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.
Eyewa, the largest online eyewear retailer in the Middle East, announced its latest Series B round raised $21 million.
The funding, which was co-led by Kingsway and Nuwa Capital, will fuel the company’s offline expansion plans, plus further investment in technology and product teams, as well as retail and omnichannel technology. The company said it was exploring opportunities for more bricks and mortar stores in key locations.
Since its launch in 2017, the homegrown Middle East brand has become a leader in the eyewear e-commerce market in the United Arab Emirates, Saudi Arabia, Kuwait, Qatar, Oman and Bahrain.
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.