The former Apple and JC Penny alum has raised an additional $50 million in funding for his electronics startup, bringing the total to $80 million.
The sale brings into being The Rockport Group that will encompass four brands – Rockport, Cobb Hill, Aravon and Dunham – of dress and casual shoes.
The retailer is rumoured to be filing for IPO after it sold to Ares Management and Canada Pension Plan Investment Board in the fall of 2013.
Thrive Market will use the $30 million dollar investment to purchase a distribution centre, and improve their mobile app and user experience.
Mayer is growing the Yahoo family: on July 31st Yahoo purchased the website that allows its users to discover fashion, beauty and decor trends and purchase all in one place.
After shutting down this year, the apparel brand is being brought back to life by Belgian fashion fund CLCC SA.
The spin class studios not only has gone public, but it is also making plans to expand its retail brand, which they source from select premium brands.
The 140 years old brand is concentrating on building its e-commerce site, in house brand and its fabric business in preparation for going public in 2018.
The 35 Canadian stores, which were staled to close, have been acquired by men’s retailer Grafton Fraser.
On Tuesday TJX confirmed the purchase of Trade Secret, which operates 35 stores in Australia.
Stripe handles online payments for companies, like Alipay, and buy buttons for Facebook, Twitter and Pinterest.
In their biggest acquisition in ten years, the Home Depot purchased Interline Brands Inc.
Walmart will be acquiring Yihaodian by buying the remaining 49% of the company.
After meeting at the New York Fashion Tech Lab Demo Day, Adiant has acquired inSparq.
PayPal open at $41.63 a share, resulting in a much larger jump than was expected.
Paypal starts trading today with a market value or approximately 1.4 times that of Ebay.
Xcel is in talks to acquire C.Wonder, after the company shut its doors in January and filed for bankruptcy.
The bargain retailer debut on the Nasdaq yesterday with a 33% increase in shares.
Ahead of the PayPal split, EBay Enterprise is sold for $925 million.
The two online giants are officially separating after July 17th.
The deal that has been on and off since 2012, is seeing buyout deal close with their chairman’s family.