Investment news and archive

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...

Business

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...

Business

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...

Business

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 Featured

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 Featured

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...

Business

Textile sorting provider Eslando among Carbon13’s launchpad investments

Investment firm Carbon13 has named six ventures that it will invest in via its accelerator, the Venture Launchpad, including AI-powered textile sorting provider, Eslando. The startup, which aims to tackle textile waste in the industry, offers a solution that utilises AI and digital product passports (DPPs) to encourage brands and waste...

Business

Textile-to-textile recycling company Syre receives investment of 100 million dollars

Fresh-faced recycling company Syre has raised an additional 100 million dollars in a new funding round, according to a press release. The capital raised will be used to set up the first recycling and manufacturing facility in the US, which should be operationally active as early as the end of 2024. In addition to this, the money will be used to...

Business

Classic Football Shirts secures 38.5 million dollar investment to support expansion

Manchester-based Classic Football Shirts has announced that it was the recipient of a 38.5 million dollar investment by multi-stage investment firm The Charnin Group (TCG) as it looks to carry out imminent global expansion plans. The deal puts a strategic focus on the North American market, one of the brand’s fastest-growing regions that...

Goldman Sachs appoints Global Luxury and Beauty Division head amidst sector's growth potential

Investment bank Goldman Sachs has appointed Cosmo Roe to head up its global luxury and beauty division. The appointment showcases the firm's recognition of the sector's potential for growth. With a history of involvement in major deals such as the sale of Tom Ford to Estée Lauder, Roe, who previously was a partner in the company’s consumer...

Business

SEC amends regulations for investment fund names

The Securities and Exchange Commission (SEC) has announced new amendments to its Investment Company Act ‘Names Rule’, enhancing regulations and other names-related requirements to ensure further investor protection and address developments in the industry. The rule, which had initially been adopted 20 years ago, currently requires registered...