Investment news and archive

‘Autofocus’ eyewear brand Ixi secures 36.5 million dollars in funding

Ixi, a Finnish startup centred around ‘autofocus’ eyewear, has announced the closing of a Series A funding round amounting to 36.5 million dollars. The investment, led by London-based investment fund Plural, is intended to aid in the product development of Ixi Adaptive Eyewear, with the goal of establishing commercial operations. Additional...

BusinessMember

Kantar Group announces plans to sell Kantar Media

Marketing, data, and analytics firm Kantar Group has shared plans to sell Kantar Media to H.I.G Capital, a global alternative investment firm with 67 billion dollars of capital under management. The proposed sale indicates the start of a new phase for Kantar Media, centered on providing new insights to clients in the content and advertising...

BusinessMember

Lilly Pulitzer acquires copyrights for print library from private investment group

Lilly Pulitzer has acquired the copyrights of the fine art print library and the Key West brand from private investment group The Original I.P LLC. By obtaining the copyrights back, the brand aims to strengthen the link between its past and present, while celebrating its vivid legacy. "We deeply respect the legacy of this print library, the work...

BusinessFeaturedMember

LVMH invests in Scandinavian luggage brand Db

Norwegian accessories upstart Db has quietly been reshaping how adventurers and urban nomads perceive luggage. This week, the brand secured a minority investment from LVMH Luxury Ventures. Founded in 2012 by entrepreneur Truls Brataas and professional free-skier Jon Olsson, Db represents a new breed of design-driven equipment brands that...

BusinessFeaturedMember

Lifestyle brand Vuori secures 825 million dollar investment

Southern Californian performance apparel brand Vuori has announced it received a 825 million dollar investment, raising its valuation to 5.5 billion dollars. The funding round was led by General Atlantic and Stripes, alongside a cohort of additional investors. Structured as a secondary tender offer, the funding will see the leading investors...

BusinessMember

LVMH acquires minority stake in menswear brand Our Legacy

LVMH Luxury Ventures, an investment arm of luxury group LVMH, has acquired a minority stake in Swedish brand Our Legacy, Business of Fashion reported exclusively. LVMH has not yet confirmed the deal. Our Legacy will reportedly use the investment to scale up its operations, kicking off its “next phase of growth” by expanding its store network to...

BusinessMember

Former Asda owner launches investment fund, backs secondhand platform GoThrift

Billionaire businessman Mohsin Issa, alongside his partner Victoria Price, has launched a new private investment fund, through which the duo have set out on the goal of backing UK start-ups. One of the first moves by the Jersey-based investment vehicle, Boulder Investco, has been to take a significant stake in secondhand clothing platform...

Moose Knuckles secures minority investment from Bosideng for strategic growth

Canadian luxury outerwear brand Moose Knuckles has entered into a strategic partnership with Chinese down apparel giant Bosideng. The exact terms of the deal were not disclosed. Moose Knuckles aims to leverage the financial backing and strategic support provided by Bosideng and its majority investor group led by international private equity firm...

BusinessMember

H&M Group Ventures invests in Avassa

Swedish edge application management and operations platform provider Avassa has closed a new round of investment, adding global fashion retailer H&M Group as a strategic investor. In a statement, Avassa, which offers a Platform as a Service (PaaS) for managing edge applications and infrastructure across various industries, including retail,...

Business|Opinion FeaturedMember

Exiting the clothing industry as an investor: Is this the right path to sustainability?

Last week, ASN Impact Investors, the asset manager of Netherlands-based ASN Bank, announced that it sold all its stakes in clothing companies. This step was taken because major fashion brands such as H&M, Zara and Asics are not making sufficient progress in the area of sustainability. While this may seem like a bold decision at first glance, it...

Business|Beauty FeaturedMember

Salt & Stone secures investment from Humble Growth

Los Angeles-based, fragrance-driven bodycare brand Salt & Stone has secured “significant investment” from New York-based investment firm Humble Growth. Terms of the deal and the level of stake Humble Growth has taken in the skincare and fragrance brand were not disclosed, just that Salt & Stone would use the investment to continue "to build a...

BusinessMember

Uncaged Innovations raises $5.6 Million to advance grain-free leather alternative

Uncaged Innovations, a biomaterials start-up based in New York, announced that it has successfully raised 5.6 million USD in a seed investment round. The proceeds will be used to fund the commercial launch of the company's grain-based leather as well as the expansion of its team, including its manufacturing team. An emerging next-gen leather...