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Indian fashion portal confirms $50M capital injection from Premji Invest and rejects Flipkart merger

Bangalore, India-based fashion portal Myntra confirmed that it raised $50 million in a new funding round led by Premji Invest, and decided not to pursue a merger with Indian e-commerce giant Flipkart.

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US retailers feel pressure to beef up cybersecurity spending- report

Retailers in the US are feeling the pressure to increase their cybersecurity spending as they compete against online rivals and strive to meet the October 2015 deadline by Visa and MasterCard to be able to use chip-enabled payment cards, Reuters reported.

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500 Startups

500 Startups is the most active venture capital investor for 2013- DJX VentureSource

The most active venture capital investor last year is 500 Startups with 57 new deals made and 77 total deals in all, data from DJX VentureSource revealed.

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Men's Wearhouse

Jos. A. Bank in talks to acquire peer Eddie Bauer from private equity owner

Clothing retailer Jos. A. Bank, which is in a takeover war with Men's Wearhouse, is reportedly in talks to buy Washington-based peer Eddie Bauer. Eddie Bauer is owned by New York hedge fund Golden Gate Capital.

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Louis Vuitton store in China

M&A activity gets expensive, busy in luxury industry

High-end luxury brands might be able to demand their preferred deal prices as Asian, Middle Eastern and private equity buyers scramble to acquire a share in the profitable luxury goods market.

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European secondhand marketplace Vinted lands $27M to expand to US

Munich, Germany-based secondhand clothes marketplace Vinted landed $27 million in a Series B funding round led by Insight Venture Partners and Accel Partners for its expansion to the US.

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Indian fashion retailer Myntra raises $50M in funding as Amazon and Flipkart approach

Bangalore, India-based online fashion retailer Myntra raised $50 million in funding as it got approached by e-commerce giants Amazon and Flipkart as the round closed.

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Bow & Drape

Fashion platform Bow & Drape secures $1.2M funds from investors

Bow & Drape, the fashion startup that allows women to customize their clothes, was able to secure $1.2 million funding from various investors to grow and expand the brand.

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Australian online tailoring startup InStitchu expands to the UK

Sydney, Australia-based online tailoring startup InStitchu expanded to the UK by partnering with two London-based entrepreneurs who planned to open a similar business but instead bought a minority stake in the company's new UK subsidiary.

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Indian e-commerce giants Flipkart and Myntra in merger talks

India-based e-commerce giant Flipkart is in talks to merge with online fashion retailer Myntra as part of a proposal being pushed by common investors Tiger Global and Accel Partners.

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ACS Clothing Ltd

ACS Clothing bags £8.5M in funding from UK's Business Growth Fund

Glasgow, Scotland-based formal hirewear supplier ACS Clothing bagged £8.5 million in funding from London, UK-based investor Business Growth Fund (BGF) for the expansion of its online activities.

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Seattle beauty product startup Julep launches $75K crowdfunding campaign for bendable nail polishing tool

Seattle, US-based beauty product startup Julep launched a crowdfunding campaign on its website to raise $75,000 for a new bendable nail polishing tool to test the demand for the said product.

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3D-printed shoe insoles printer SOLS closes seed funding round with $1.75M led by Lux Capital

Custom 3D-printed insole maker SOLS closed its seed funding round with $1.75 million. Led by Lux Capital, other investors also participated in the financing round for the firm that aims to provide wearers with the perfect fit and better performance, TechCrunch reported.

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Neiman Marcus

Neiman Marcus confirms data breach compromised 1.1M payment cards in the US

Dallas, Texas-based luxury specialty department store Neiman Marcus confirmed that 1.1 million debit and credit cards could have been compromised during a malware attack from July 16 to October 30, 2013.

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Fashion e-commerce site Lyst nabs $14M in Series B round led by Balderton Capital

Fashion e-commerce company Lyst was able to secure $14 million for its Series B funding round led by Balderton Capital and joined in by DFJ Esprit, Accel Partners and angel investors.

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