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Chinese e-commerce giant Alibaba Group has invested for a second time in fashion rental platform YCloset, injecting an undisclosed sum. The Beijing-based YCloset is set to use to funds plans to expand its current team, upgrade the recommended algorithm system…
Italy’s Ermenegildo Zegna has purchased a minority stake in Raghavendra Rathore, as the Italian suit maker looks to expand the luxury men’s brand and mature India’s luxury fashion market. In partnering with Reliance Brands for a collective stake, Zegna’s…
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