By Tyler Shultz | October 14, 2021
Activewear brand Vuori has announced a $400 million investment from SoftBank Vision Fund 2 at a valuation of $4 billion. Since 2015, Vuori has established itself as a leader in the activewear market that merges techwear with a West Coast aesthetic.
The buy-now, pay-later platform Afterpay and Unibail-Rodamco-Westfield, owner of Westfield shopping centers across the United States, have announced an integrated, multiyear partnership to support retailers and help consumers by offering the latter a more flexible way to pay for purchases as foot traffic begins to return to stores.
Following the initial public-offering price of $21 per share, the City of Industry, Calif., expanded-size brand Torrid closed at $24.15 per share on July 1, up $3.15, for a 15 percent increase on its first day of trading.
Joor has raised $46 million in Series D funding for the company’s investment in platform innovation, payments and financing, and continued global and vertical expansion.
Elo7, a privately held marketplace for unique, handmade items, will be acquired by Etsy, Inc., for $217 million after a definitive agreement is signed.
San Francisco–headquartered White Oak Commercial Finance, LLC, announced that Mike Earnhart has been appointed managing director of originations.
Global-technology platform Ssense has received a minority investment from Sequoia Capital, which will afford to the Montreal-headquartered firm a post-money enterprise value of over $5 billion CAD, or $ 4.1 billion USD.
In a multi-billion-dollar agreement, e-commerce giant Etsy will acquire peer-to-peer social shopping application Depop. The deal will see Etsy, the two-sided online marketplace with millions of buyers and sellers from around the world, acquire 100 percent of Depop’s share capital in exchange for $1.625 billion. The transaction is expected to close during the third quarter of 2021.
With crypto-based consumer cards becoming more readily available, CEX.IO is adapting and evolving for the future by tapping FIS, a financial-technology leader in its own field, as the platform to support a new line of crypto-based consumer cards across Europe.
Ally Lending is giving its customers a new way to pay by offering financing through Sezzle.
Intent on reaching far beyond its headquarters in Park City, Utah, ShePlace has launched as an initiative by founder and Chief Executive Officer Jacki Zehner, who is focused on supporting the advancement of women and girls.
CIT has named Vice President Christopher DeRosa as business development officer for its commercial-services business.
Informa Connect announced Mark Bruno as the managing director of wealth management on May 4.
A definitive merger agreement for a merger transaction has been announced between digital-manufacturing platform Shapeways, Inc., and Galileo Acquisition Corp., the publicly traded special-purpose acquisition company.
Mastercard announced on April 20 its commitment to help further access to funding for Black women with a multimillion-dollar investment in Fearless Fund, created by women of color for women of color.
Denim giant Levi Strauss & Co. continues to navigate the fallout from the COVID-19 pandemic. For its first financial quarter of 2021, released April 8, the brand reported net revenues of $1.3 billion, down 13 percent compared to the same quarter the previous year. The decline was attributed to closures of company-operated stores as well as third-party retail locations.