True Fit has raised new funding with a $30m cash injection as it also reported impressive revenue growth. The data and software firm said it has raised the finance as the $2trn apparel market has shifted online fast.
The Birmingham, Alabama-based sportswear and fashion retailer achieved net sales of $381.7 million in the third quarter, representing growth of 15.2% compared to $331.4 million in the same period in the previous year.
Originally associated with Britain's aristocracy and gentlemen farmers, the textile is now being made a key element in the collections of major brands, including Chanel, Dior, Yves Saint Laurent and Hermes.
The American owner of brands including Vans, The North Face and Supreme has appointed Nina Flood to the role of president of its global packs business, which brings together the Eastpak, JanSport and Kipling labels.
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