We help fashion businesses flourishing grow with everything from securing intellectual property rights to renegotiating agency agreements and commercial leases.
Date: October 2024
Buyer: H&M Group Ventures, Morgan Stanley, Fuel Ventures and David Wertheimer
Target: Cult Mia
Business: Online fashion marketplace for sustainable luxury fashion
Value: £2,500,000
Details: It is reported that Cult Mia has built an impressive footprint of over 320 independent brands. Cult Mia and its investors have a shared vision to achieve significant growth in the luxury marketplace space.
Date: June 2024
Buyer: H&M Group, TPG
Target: Syre
Business: Textile recycling
Value: $100million
Details: Syre, a Swedish textile recycling company, has received a $100million investment as part of a Series A funding round from H&M Group and TPG Rise Climate. Syre was founded by H&M in March 2024 with an initial $60million capital, as a means of producing recycled polyester (expanding to other materials in the future) as a means of combatting emissions within the fashion industry. Co-investors included Giant Ventures and Norssken VS, Volvo Cars and Imas Foundation. Syre intends to use the investment to construct its own recycling plant in the US later this year.