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.
Industry-wide retail sales in August and September will fall in the wake of hurricanes Harvey and Irma, with apparel retailers such as Gap Inc expected to take a longer-term hit than restaurant operators.
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.
Sears Holding, the retailer, looks to be rapidly hurtling toward bankruptcy, and therein lies a cautionary history lesson for Amazon.com, Alibaba and other internet conglomerates seeking international domination.