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 Amsterdam-based company plans to use the Series C funding to build its team, expand internationally and invest in developing its product. The round was led by funds managed by Blackstone Growth.
Mollie launched in 2004 and now serves more than 120,000 monthly active merchants. It processed more than €10 billion ($11.8 billion) in transactions last year and said it is on track to hit more than €20 billion this year. The company plans to hire around 300 new employees in the next 6 to 9 months and is considering new countries for expansion.
The app, owned by TikTok parent company ByteDance, has been promising to help emerging US labels get started selling in China at the same time that TikTok stares down a ban by the US for its ties to China.
Zero10 offers digital solutions through AR mirrors, leveraged in-store and in window displays, to brands like Tommy Hilfiger and Coach. Co-founder and CEO George Yashin discusses the latest advancements in AR and how fashion companies can leverage the technology to boost consumer experiences via retail touchpoints and brand experiences.
Four years ago, when the Trump administration threatened to ban TikTok in the US, its Chinese parent company ByteDance Ltd. worked out a preliminary deal to sell the short video app’s business. Not this time.
Brands are using them for design tasks, in their marketing, on their e-commerce sites and in augmented-reality experiences such as virtual try-on, with more applications still emerging.