TikTok to Challenge US Ban
President Biden signed the bill that gives China-based ByteDance 270 days to divest TikTok’s US assets or face a ban.
Former Nasty Gal executive and angel investor Deborah Benton has launched a new fund with investor Amanda Schutzbank, aimed to set founders up for long-term success in a competitive digital landscape.
The direct-to-consumer brand known for its promise of radical transparency has come under fire this year, but a new cash infusion led by LVMH-linked L Catterton is a stabilising endorsement.
While funding hasn’t completely vanished, investors are becoming more discerning with their cash. BoF unpacks how start-ups can raise capital during a global pandemic.
Money for fashion’s start-up scene hasn't dried up entirely, but investors say they are backing concepts that cater to shoppers who are hyper-aware of their finances, health and the planet.
ADVERTISEMENT
The fashion rental company is said to be seeking at least $25 million in a funding round, which would value the startup at about $750 million.
The British fashion house is the latest victim of a troubled couple of years for UK retailers, with sales hit by store closures and a worsening consumer mood.
The luxury online marketplace says it will use the money to expand in China.
The e-commerce giant raised an additional HK$13.17 billion after its landmark listing last month, the city's largest share sale in nine years.
ADVERTISEMENT
The online retailer, which caters to Burning Man fans and TikTok ‘E-Girls,’ plans to strengthen its e-commerce experience, add new brands and expand its international presence.
The Jakarta-based company, backed by SoftBank and Alibaba, is looking to US internet companies and existing investors for a pre-IPO funding round, according to sources.
The direct-to-consumer lifestyle brand has secured its first financing round ahead of the launch of its baby vertical, months after branching into leisure apparel.
The Los Angeles-based, direct-to-consumer shoe label has a new investor and a new plan to fix fashion’s broken supply chain.
President Biden signed the bill that gives China-based ByteDance 270 days to divest TikTok’s US assets or face a ban.
The Alphabet Inc. company said in a blog post Tuesday that it’s still working with the ad industry and regulators on the plan.
Overall revenues for the three months through March totalled 818 million euros ($874 million), above a company-provided analyst consensus of 786 million euros.
Embattled by weak demand and currency issues in Nigeria, the company is looking to slim down in order to return to growth.
EU lawmakers backed the Corporate Sustainability Due Diligence Directive by 374 votes to 235 against, with 19 abstentions.
Amazon “significantly restricted consumers’ freedom of choice” by automatically pre-setting a ‘Subscribe and Save’ option, the regulators said.
The closure is part of the company's plan to raise $850 million to $1 billion and help improve its credit metrics, said chief executive officer Alejandro González.
The return of China’s travellers has long been awaited in the travel industry, which is expected to surpass pre-pandemic levels this year by contributing $11.1 trillion to the global economy.