Announced
Completed
Financials
Sources
Tags
Clothing and Accessories
Acquisition
Private
Completed
Venture Capital
Minority
Friendly
clothing
France
Private Equity
Cross Border
Synopsis
Sequoia Capital China, a venture capital firm, and Angelica Cheung, a venture partner, led a Series Funding round in Destree, an operator of fashion accessories platform intended for women, with participation from Reese Witherspoon, Jessica Alba, Gisele Bündchen, Emily Weiss, Amy Griffin, Carmen Busquets, and Gabriela Hearst. The round will be used to hire additional talent, increase digital-native marketing and support retail expansion in Paris, New York, China and Japan, including opening brick-and-mortar boutiques, the company said. The brand is currently distributed in more than 80 locations worldwide, including Saks Fifth Avenue. “We are thankful for and honored by our female-only financing round. So many of our role models are participating. Being surrounded by empowered female visionaries is a reflection of our own outlook for Destree. We look forward to the moments in which we may draw inspiration from this unique pool of investors," Géraldine Guyot, Destree Co-Founder.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.