Black Tux

The Black Tux secures $2.6M in first funding round

Lerer Ventures led the first institutional funding round for tuxedo rental business The Black Tux which raised $2.6 million to offer clients cheaper yet higher quality suit and tie, TechCrunch reported.

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eBay purchases computer graphics firm PhiSix Fashion Labs to give customers virtual fitting room

PhiSix Fashion Labs, a computer graphics firm in the Bay Area, has been purchased by e-commerce giant eBay to allow online customers to fit clothes virtually before buying them, VentureBeat reported.

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Laforge Optical

Boston's Laforge Optical launches crowdfunding campaign for fashionable smart glasses

Boston, US-based smart eyewear startup Laforge Optical launched a crowdfunding campaign on Indiegogo to raise $80,000 for the testing and app development for its fashionable smart glasses called Icis.

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Berlin-based Outfittery secures €13 million in new funds

Outfittery has secured new funding amounting to €13 million in a round led by Germany's Highland Capital Partners Europe to it can grow in European markets, TechCrunch reported.

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George Soros

Israel-based drugmaker Teva Pharmacuetical Industries is Soros' single largest stockholding

The single largest stock holding of Soros Fund Management in the fourth quarter is Israeli drugmaker Teva Pharmaceutical Industries Ltd, Reuters reported citing a February 14 filing with the US Securities and Exchange Commission.

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Future Retail

JPSML Copthall acquires stake in Indian clothing firm Future Retail

JPSML A/c Copthall Mauritius Investment acquired a 0.6% stake in Mumbai, India-based clothing retail chain Future Retail for INR13.5 crore at INR91.88 apiece on the National Stock Exchange.

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Soros Fund Management Chairman, George Soros

Soros Fund Management divests stake in JC Penney

Soros Fund Management sold the stake it held in retailer JC Penney, liquidating 19.98 million shares, in the final quarter of last year, Reuters reported citing a regulatory filing.

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Irish online jewelry firm Coldlilies snags $50K in funding

Dublin, Ireland-based online jewelry retailer Coldlilies snagged $50,000 in funding from Enterprise Ireland's Competitive Start Fund fr female entrepreneurs to begin next phase of the business.

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Subscription jewelry startup RocksBox secures $1.5M in seed round

Matrix Partners, Ellen Levy and Sandra Perkins invested $1.5 million for the seed funding round of RocksBox, a subscription jewelry service that aims to empower consumers, TechCrunch reported.

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Depop iPhone app

UK-based social mobile shopping app Depop launches an Android app

Depop, a social mobile shopping startup based in the UK, has rolled out its app on Android in order to expand its footprint in the marketplace, TechCrunch reported.

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UK-based SalesGossip closes second angel round with £600K

SalesGossip, a UK-based site that provides members with exclusive access to fashion and beauty retailers' sales and promos, closed its second angel round with £600,000, TechCrunch reported.

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Aeropostale Inc

Aeropostale to raise capital from private equity firms via PIPE deal -sources

Teen apparel retailer Aeropostale, which had posted losses for four straight quarters, is reportedly mulling over a capital increase from private equity investors. Should the teen apparel retailer decide to raise capital, Aeropostale may do it via a private investment in public equity (PIPE) deal.

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Skechers USA Inc

Activist investor CtW Investment Group urges overhaul of Skechers board

CtW Investment Group has called for a revamp of the all-male Board of Directors of the Skechers USA Inc in order to prevent potential missteps, Reuters reported.

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