Grailed has secured $15 million in Series A funding, bringing the company's total backing to $20 million. The funds will be used on consumer experience, marketing and expanding women's product for sister site, Heroine.
The shock of the planned House of Fraser closures has been followed up by intense speculation with analysts debating the chances of the firm’s CVA being approved by its creditors, as well as HoF’s long-term prospects.
Children's art supply brand Crayola has released a 53-piece color cosmetics line in partnership with Asos. The vegan and cruelty-free line offers 95 different shades in the brand's signature crayon packaging.
US fashion e-tail giant Revolve is making a major play for UK and EU customers with the launch of services including fast deliveries and free returns that aim to replicate what local e-tailers can offer.
Luxury lingerie brand Coco de Mer is growing as it approaches the end of its first year under independent ownership with its wholesale business rising 150% and plans laid for interesting new collaborations.
The royal wedding underlines the economic potential of a sector that needs to embrace digital technologies and look for new markets and formats to face a fragmented landscape where millennials will reign supreme.