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.
Una Brands, a company that consolidates small e-commerce brands across Asian e-commerce marketplaces and platforms like Tokopedia, Lazada, Shopee and Shopify, today announced its equity and debt round from investors including 500 Startups, Kingsway Capital, 468 Capital, and Vestiaire Collective chief executive Max Bitner, Techcrunch reports.
The start-up, which did not disclose the round’s debt to equity ratio, is looking to become “the next generation consumer goods conglomerate by acquiring, streamlining, and scaling profitable brands.” Aside from buying brands, the investment will go towards hiring: Una currently operates in Singapore, Malaysia and Australia, with plans to expand in Southeast Asia and eventually Taiwan, Japan and South Korea.
Chanel, Louis Vuitton and Tiffany & Co are among the brands expanding in Perth, Australia in a bid to tap its mining, oil and gas wealth and newfound status as a travel hub.
This week’s round-up of global markets fashion business news also features Haiti’s sourcing crisis, Brazilian jewellery giant Vivara and Dubai’s Ramadan shopping season.
This week’s round-up of global markets fashion business news also features Supreme’s long-awaited Shanghai flagship opening, India imposes MIP on undervalued imports of synthetic knitted fabric and striking Sri Lankan workers continue to protest.
Imran Amed shares his observations from a trip to the wealthy desert metropolis, home to the most lucrative stores for many of the world’s top fashion brands.