Investment news and archive

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...

Business

Inditex signs deal with Conservation International to scale regenerative agricultural systems

Fashion retail group Inditex has signed an agreement with Conversation International, investing 15 million euros in ‘Regenerative Fund for Nature’, a project initiated by the organisation and Kering in 2021 with the purpose of scaling regenerative agricultural systems. With the fashion industry being heavily dependent on agriculture and its raw...

Business

Ulta Beauty set to invest 20 million dollars in tech start-ups through new investment fund

Beauty retailer Ulta Beauty has announced the launch of its digital innovation fund Prisma Ventures, through which it is planning to invest 20 million dollars into emerging technology start-ups that focus on developing online and in-store experiences. The fund aims to help accelerate those selected via long-term, strategic partnerships and...

Business

Khaite reportedly eyeing future investment and sale opportunities

New York label Khaite is reportedly exploring potential investment and sale options as it looks towards scaling the brand. According to sources of WWD, creative director Catherine Holstein has been in contact with possible investors and is considering a sale. In a statement to the publication, the brand said that it had grown quickly since its...

Business

Garment repair app Sojo secures 2.4 million dollars in pre-seed funding

Start-up app Sojo has announced the closing of its pre-seed funding which has seen it raise over 2.4 million dollars in a round led by CapitalT. Angel investors also involved in the funding round included founder of Depop, Simon Beckerman, ex-COO of Pangaia, Yael Gairola, vice president of menswear at Tom Ford, Peter Hawkings, and founder of...

Business

Johnnie-O closes 108 million dollar investment round

American lifestyle brand Johnnie-O has announced it has raised 108 million dollars in an investment round by Wasatch Global Investors and Ares Management Corporation. It comes as Johnnie-O reported its sales and EBITDA had grown by more than 80 percent in 2021, the brand said in a release, with this new financing set to help the company continue...

Business

OnlyFans launches fashion competition series for emerging designers

OnlyFans, a platform for user-produced adult content, has announced the launch of its Creative Fund: Fashion Edition, an initiative focused on rising talents in fashion. Documented in a series for the platform’s free streaming service OFTV, competing participants will be in with a chance of winning 50,000 dollars to be used to further their...

Business

Victoria’s Secret to make seven million dollar investment in women-led businesses

Lingerie retailer Victoria’s Secret has announced its intention to invest seven million dollars into women-owned businesses through a partnership with venture capital firm, Amplifyher Ventures. The goal of the investment is to provide female entrepreneurs with access to capital and growth opportunities, as well as potentially closing the gender...