Category: Retail

myfisensemyfisenseFebruary 25, 2021

Wallapop, a virtual marketplace based out of Barcelona, Spain that lets people resell their used items, or sell items like crafts that they make themselves, has raised $191 million at current rates, money that it will use to continue growing the infrastructure that underpins its service, so that it can expand the number of people […]

myfisensemyfisenseFebruary 1, 2021

ASOS has bought the Topshop, Topman, Miss Selfridge and HIIT brands from the administrators of Philip Green’s collapsed Arcadia group for 364 million, the British online fashion retailer said on Monday. The deal for Arcadia’s prized brands, which will be fully funded from cash reserves, does not include its 70 stores, putting thousands of jobs […]

myfisensemyfisenseJanuary 28, 2021

Ula announces it has raised $20 million in a seed round. Mehra and Sakti co-founded Ula in January of 2020. With Ula, they are trying to organize this sourcing and supply chain for small retailers so that there is a one-stop shop for everybody. Despite the pandemic, ULA made inroads in the Indonesian market last year and […]

myfisensemyfisenseJanuary 22, 2021

The Munich-based company, which sells products from brands such as Alexander McQueen, Fendi and Gucci, offered 15.6 million ADS in its IPO, raising $406.8 million. Mytheresa’s shares jumped more than 37% in their U.S. market debut giving the German online luxury fashion retailer a market value of $3.08 billion. Mytheresa’s American depositary shares (ADS) opened […]

myfisensemyfisenseJanuary 21, 2021

Indian stock exchanges approved the $3.4 billion deal between retail giants Reliance Retail and Future Group  in yet another setback for Amazon, which has invested over $6.5 billion in the world’s second largest internet market and sought to block the aforementioned deal. The Bombay Stock Exchange said in a notification that it had spoken with India’s markets regulator, […]

myfisensemyfisenseNovember 27, 2020

Ascena Retail Group, which owns clothing brands such as Ann Taylor and Loft, said o it will be acquired by Premium Apparel LLC for $540 million on a cash-free and debt-free basis. Premium Apparel, a unit of private equity firm Sycamore Partners, has committed to retain a substantial portion of the retail stores and associates […]

myfisensemyfisenseNovember 5, 2020

The sovereign wealth fund is investing $1.3 billion in Reliance Retail for a 2.04% equity stake in the largest retail chain in India. The investment values Reliance Retail, which was founded in 2006, at $62.4 billion, the Indian firm said. Reliance Retail, which serves more than 3.5 million customers each week (as of early this year) through […]

myfisensemyfisenseNovember 4, 2020

Cartlow, an U.A.E  and Saudi Arabia platform the deals in refurbished goods at a bargained price has announced it has successfully raised US$2 million in a Pre-Series A round of financing. The round of funding was patronized by Arzan VC, Vision Ventures, OTF Jasoor Ventures, and several other investors. Founded by Mohammed Sleiman and launched in […]

myfisensemyfisenseSeptember 30, 2020

Egyptian online fashion rental platform La Reina has announced it has successfully raised a six figure (USD) seed investment in a statement. The investment was secured from 500 Startups, Algebra Ventures, and some other angel investors. The startup had previously raised US$1 million in a funding round led by Algebra Ventures in 2018 the statement noted. The […]

myfisensemyfisenseSeptember 3, 2020

GrocerApp, a Lahore-based grocery delivery startup announced in a statement that it has raised US$1 million in a seed round. The round of funding is reported to have been led by Dubai based internet investment group, Jabbar Internet Group. This deal is Jabbar’s first in Pakistan comes immediately after a sale of one of its […]

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