Fashion magnate Anders Holch Povlsen invests in Sweden’s Klarna

Brightfolk, the fashion firm owned by Danish entrepreneur Anders Holch Povlsen has invested in Swedish ecommerce company Klarna. Povlsen is also the owner of Bestseller, whose brands include Jack & Jones and Vero Moda, and is an investor in ASOS and Zalando. The terms of his investment in Klarna were not disclosed but Reuters reports […]

Fashion ecommerce startup Suitcase acquired by FNG

Belgian online fashion store Suitcase has been acquired by fashion house FNG. No terms for the deal were disclosed. FNG had previously focused on women’s and children’s clothing while Suitcase specialises in menswear with a “curated shopping model” that the company intends to build on. FNG said the acquisition was a strategic step in a […]

Israeli online bra shop Brayola raises $5 million

Israeli ecommerce site Brayola, an online bra store, has raised $5 million. The investment was led by the Firstime fund, which contributed $4 million. Also participating in the round were Gett founders Shahar Waiser and Roi More, and Kidbox founder Haim Dabah. Ilan Shiloah, a manager of the Firstime fund, will become the new chairman of the board.

Fashion ecommerce sites MODOMOTO and The Cloakroom raise €6 million

German men’s online fashion ecommerce company Curated Shopping Group, which operates MODOMOTO and The Cloakroom, has raised its first round of funding of €6 million from Auden AG. The company, which has eschewed funding up until this point, has 250 employees and 400,000 customers it said, boosted by the acquisition of Dutch competitor The Cloakroom […]