Menswear brand Swet Tailor has closed on a first round of seed funding worth $1.5 million. In a press release, the brand said it will use these new funds "to further expand the company's marketing and brand awareness."
The company have signed a letter of intent to develop their omnichannel capabilities in a global collaboration. The Spanish company will launch in China and AliExpress will add click-and-collect points in its stores.
Christopher Raeburn has named his brother Graeme performance director at his brand, which may not sound like big news, but certainly is given the changes happening at the label and Graeme's impressive background.
Germany's antitrust authority has launched an investigation into whether U.S. ecommerce giant Amazon is exploiting its market position in its relations with other retailers who use its website at a marketplace.