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.
Nuvemshop, a Latin American e-commerce startup similar to Shopify, is raising a new round of funding led by Tiger Global Management that could value the company at $2 billion including the new capital, people familiar with the matter told media outlet, The Information.
The Series E round adds to the $90 million the Sao Paulo–based Nuvemshop raised in March. This run of financing reflects a broader interest among US investors in e-commerce startups based in Latin America, where a pandemic bump in online shopping has accelerated the growth of companies providing services to internet shoppers and merchants.
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Brazilian Online Retail Giant Looks to Scale Livestreaming E-Commerce
Brazil’s B2W Digital is partnering with UK-based video e-commerce specialists, OOOOO, to scale its burgeoning livestream e-commerce business.
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.