text: Goat, the sneaker reseller, is valued at $1.75 billion as it raises more funds
  2020-09-25T17:37:00Z
  With the resale market being as hot as ever, no doubt due partly to the increasing role that the internet is playing, the U.S.-based Goat Group closed an additional Series E funding round $100 million, saying that it was intended to accelerate its development across product categories and geographies. ...
  Chinese fintech company Ant Group , part of e-commerce giant Alibaba , launched an international trade and financial service platform powered by its blockchain-based technology solution AntChain to facilitate the cross-border sale of products and services by small and medium enterprises (SMEs) and to reduce costs for financial institutions serving ...
  2020-09-23T06:08:00Z
  One clear sign of the boom in the "buy now, pay later" (BNPL) model is the latest fundraising round of Klarna , which saw the Swedish online payments group set a new record for the valuation of a European private fintech company at $10.65 billion, nearly double the $5.5 billion ...
  2020-09-22T07:26:00Z
  Zalando has started trading pre-owned, or second-hand, fashion items on its platform. The online retailer launched the service in Germany and Spain on Sept. 21, and will roll it out in Belgium, France, the Netherlands and Poland in October. If successful in those markets, Zalando could expand the ...
  2020-09-22T05:26:00Z
  2020-09-21T05:57:00Z
  In the wake of a sharp drop in sales as a result of the Covid-19 pandemic, the German clothing supplier Bugatti announced that almost 100 of the 349 jobs at its headquarters in Herford will be axed. "All areas and hierarchical levels" are affected, it said in a statement. ...
  Russian fashion retailers end up with huge unsold stocks
  2020-09-21T05:53:00Z
  On average, Russian fashion retailers failed to sell 30 percent of their summer collections due to the Covid-19 pandemic, resulting in record levels of unsold stocks, according to the Moscow-based think tank Fashion Consulting Group . Some retailers were unable to sell half of their summer collections, which now ...