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 Oregon-based brand known for its technical insulating fabrics plans to use the funding to refine and scale manufacturing of a new material.
The company said it will invest in a manufacturing facility in the US to convert recycled fibres into a new lightweight insulated material launching in 2022.
The funding round was led by investment firms Elizabeth Street Ventures and Enlightenment Capital. Other investors include the chairman of Snapchat Michael Lynton and entrepreneur Thomas Tull.
The company also announced the appointment of Elizabeth Street Ventures partner Rachel Ulman to its board of directors. Hap Klopp, who ran North Face for 20 years, will also serve as board observer.
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.