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.
The digital wholesale platform will use the funds to fuel international expansion and accelerate efforts to enhance its services, the company said Tuesday.
Joor has benefitted from the shift online caused by the pandemic, with more companies turning to virtual showrooms as a result of lockdowns. The company said new business has surged 228 percent in the last 12 months. Earlier in June, Joor announced plans to expand its footprint in Asia.
Anand Subramanian, managing director at Macquarie Capital Principal Finance, which led the fundraising, will join the company’s board.
Antitrust enforcers said Tapestry’s acquisition of Capri would raise prices on handbags and accessories in the affordable luxury sector, harming consumers.
As a push to maximise sales of its popular Samba model starts to weigh on its desirability, the German sportswear giant is betting on other retro sneaker styles to tap surging demand for the 1980s ‘Terrace’ look. But fashion cycles come and go, cautions Andrea Felsted.
The rental platform saw its stock soar last week after predicting it would hit a key profitability metric this year. A new marketing push and more robust inventory are the key to unlocking elusive growth, CEO Jenn Hyman tells BoF.
Nordstrom, Tod’s and L’Occitane are all pushing for privatisation. Ultimately, their fate will not be determined by whether they are under the scrutiny of public investors.