Southeast Europe targets luxury brands’ fast fashion catchup

ROUSSE, Bulgaria/PRAGUE (Reuters) – Miglena Hristova’s factory near the Danube is among a growing number in southeastern Europe positioning themselves to help top brands adjust to faster fashion cycles. Women work in the “MIK-BG” garment factory in Rousse, Bulgaria January 22, 2018. Picture taken January 22, 2018. REUTERS/Stoyan Nenov Bulgaria, Romania and other countries in the Balkan region have established a foothold in the luxury market and fashion houses from Paris and Milan are quietly building a bigger presence as they feed demand for a quicker turnover of styles. More…

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Fashion e-commerce firm Fynd targets southeast Asia amid expansion plans

Bengaluru: Come April, fashion e-commerce platform Fynd is going on an expansion drive. It will start servicing some international markets in Southeast Asia from April and expand beyond clothing, footwear and accessories to kidswear, décor and furnishing. Fynd is run by Shopsense Technologies Pvt. Ltd, which counts Facebook Inc executive Anand Chandrasekaran, Arvind Sports chief executive Rajiv Mehta and Snapdeal founders Kunal Bahl and Rohit Bansal and Kae capital as investors. The company, which claims a pan-India presence, currently offers same or next day delivery in 11 cities and has…

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Zilingo lands $8M for its marketplace for fashion sellers in Southeast Asia

Zilingo may not be a name known to many prior to today, but the under-the-radar e-commerce company has closed an impressive $8 million Series A round to scale its fashion-focused operations in Southeast Asia. The round was led by Sequoia India, Indonesia-based Venturra Capital and Susquehanna International Group, with Wavemaker Partners, Beenext, Beenos and Digital Garage also chipping in. Zilingo previously raised $2 million, so this takes its total to $10 million. Not bad for a company that has deliberately kept a low profile. The days of capital intensive business dominating e-commerce in Southeast…

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