Moda Operandi: $130 million in total VC funding (but still not profitable).
BoF dropped (yet) another 1,800 word opus last week on a certified BoF darling, Moda Operandi. We’ve distilled it down to the best bits to get you the quick and tidy update on the brand that you’re looking for. (596 words.)
Inverse relationship: As Amazon Fashion trends up, department stores trend down.
Breaking down Racked’s lengthy report on Amazon’s bold luxury ambitions, whose upward trajectory worryingly coincides with Nordstrom, Bloomingdale’s, and Macy’s big slump. (1,100 words)
Burrow, the Y Combinator-backed ‘Casper of Couches’ is now officially up and running.
Designer sofas, delivered to you in a box within one week. A 100 day return policy. As CEO Stephen Kuhl explained it, “If you live in a walk-up in New York, you need us.” Sound familiar? (899 words)
From clothes to couches: How Burrow’s launch is proof of a rapidly maturing modern luxury market.
The natural market progression from startups creating products you can wear, to those that are trying their hand at more advanced “hard” consumer products. (526 words)
Hodinkee just brought in another $450K (this time in just 30 minutes).
The watch site continues to release targeted watch collaborations by surprise, each raking in serious cash. The total haul since November: Over $2.5M. (349 words)
Mizzen+Main just locked up at least $10M from LVMH’s investment firm, L Catterton.
Mizzen+Main’s just become the latest in a series of key modern luxury investment deals for private equity firm L Catterton. We spoke to CEO Kevin Lavelle to get the details that matter. (932 words)
Tracksmith channels Rapha with new ‘Trackhouse’ running hub.
Tracksmith is opening up a new retail concept in one of Boston’s key shopping districts. The idea reminds us of Rapha’s Cycling Club (which is a good thing). (593 words)
M.Gemi is in constant motion: releasing new heels every week, and rotating old ones out.
We spoke to President Cheryl Kaplan on the back of the DTC shoe brand’s two year anniversary. (849 words)
TLDR: The toplines from Kirsten Green’s stellar NYT profile.
With the Jet.com and Dollar Shave Club exits, Forerunner Ventures is on a tear. Partner Kirsten Green gets profiled by the NYT and we break it down. (529 words)
$170 for New Balance classics – Is ‘Made in USA’ worth the premium?
If you’re essentially getting a standard product — a New Balance classic shoe — for a made in America premium, is that price hike really worth it? (476 words)