• StockX becomes fashion's new unicorn, valued at 1 billion US dollars

    21 days ago - By Fashion United

    StockX has secured 110 million US dollars in a series C funding round led by DST Global, General Atlantic, and GGV Capital, bringing the company's value to 1 billion US dollars. Current investors GV and Battery
    Ventures also participated in the new funding round. The news comes just nine months after StockX scored 44 million US dollars to expand into
    Europe. Previous investors include rapper Eminem, actor Mark Wahlberg and model Karlie Kloss.
    Launched in February 2016, StockX is an online platform where coveted sneakers, watches, handbags and streetwear are treated as stocks, with a bid...
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  • Lenzing to invest one billion dollars in new production facilities

    Lenzing to invest one billion dollars in new production facilities

    21 days ago - By Fashion United

    Austrian fibre production company Lenzing has announced plans to invest more than one billion euros in new lyocell production facilities, with the first expansion phase seeing the company build the world's largest lyocell fiber plant in Thailand.
    Construction on the state-of-the art production plant in Prachinburi,
    Thailand, will start in Autumn, while production is set to start towards the end of 2021, the company said. When it is up and running, the facility will have a production capacity of 100,000 tonnes annually.
    “Tencel lyocell fibers are considered a benchmark in ecologically...
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