Vaultier7 (V7) is a new investment fund focusing on start-up companies in the cosmetics, wellness and lifestyle sectors. The London-based fund is backed by a number of investors, amongst them the Puig family.
Poshmark, an online service that helps people buy and sell second-hand clothing, is in talks to raise more than $50 million in a funding round that could value the startup at roughly $600 million, sources said on Monday.
Amazon announced in April that it would bring its Marketplace for 3rd-party sellers to Australia, sparking a massive stock sell-off, but some fund managers say the dire warnings about traditional retail are overblown.
Excess inventory and a glut in athleisure seems to have clipped Under Armour's breakneck speed, following its phenomenal rise and ability to maintain an average quarterly growth rate of 20% for over six years.
Primark has recently been in the news in Europe and is now being talked about in the US following a survey published by Morgan Stanley establishing that Primark's local competitors are 202% more expensive.