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24 May

Intercos Group Secures Financing for ESG Targets

by Beautifaire101
Beauty, Featured
Intercos Group Secures Financing for ESG Targets
MILAN — Intercos Group has signed an agreement with Italian bank Intesa Sanpaolo for a 30-million-euro financing to support the achievement of its ESG targets. The sustainability-linked revolving facility agreement will expire on Dec. 31, 2024. The environmental, social and governance targets identified by the corporate include renewable energy consumption, the acquisition of micas minerals — which in cosmetics and skincare are used so as to add shimmery and glowy effects — through sustainable sources and the further improvement of the ESG rating assigned to the group by EcoVadis Sas, a specialist in assessing the sustainability and CSR performance of firms. Intercos Group’s latest EcoVadis rating, released in March, was 72 out of 100, which earned the corporate a gold medal for the...
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4 Jul

ShopZetu Secures $1 Million in Pre-seed Funding

by Beautifaire101
Beauty, Featured
ShopZetu Secures Million in Pre-seed Funding
The Kenya-based e-commerce start-up ShopZetu has lined up $1 million in pre-seed funding. The concept for the corporate was created in 2019 and the corporate was launched two years later by founders Marvin Kiragu and Wandia Gichuru. ShopZetu offers fashion, footwear, beauty and accessories from an array of brands for ladies, men and kids. The extensive assortment features global, in addition to African-owned brands. Its recent capital infusion was led by Chui Ventures, which supports tech-driven start-ups across Africa which are being led by local founders. Launch Africa, a Pan-African VC fund that goals to assist close the funding gap within the seed and pre-Series A investment landscape in Africa, also participated, as did Roselake Ventures and Logos Ventures and angel investors...
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21 Jan

Inventive Designer Secures Times Square Exposure

by Beauty Tips
Fashion, Featured
Inventive Designer Secures Times Square Exposure
Many designers toil away for years to be able to afford Times Square promoting, however the little-known label Amehl is making a splash there in an unusual way. The corporate’s founder Amanda Mehl, who's an interdisciplinary artiist, filmmaker and designer, crafted a movie that can play through the top of this month outside of 10 Times Square. Titled, “There Is No ‘I’ in Team,” the short features 50 characters modeling looks from the Mehl collection. Mehl acted in, directed and shot the two-minute clip in her Brooklyn, Latest York, apartment through the pandemic. Meant to be a political satire and spoof on capitalism, the premise of the video is a national athletic competition in the fictional country of “Amehlica.” A picture...
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18 Dec

LuisaViaRoma Secures Lease for Manhattan Retail Destination

by Beauty Tips
Fashion, Featured
LuisaViaRoma Secures Lease for Manhattan Retail Destination
MILAN — LuisaViaRoma is headed to the U.S. and certain with its first international door. Leasing advisory firm Mona said Friday that the Italian e-tailer, part of personal equity firm Style Capital’s portfolio, has inked a long-term lease for a 7,855-square-foot retail space at 1 Bond Street in Manhattan’s NoHo neighborhood. The yearly rent rate stands at $3.2 million, the advisory firm said, and includes the lease of a 5,000-square-foot space on the constructing’s lower level. Representatives for LuisaViaRoma didn't immediately reply to request for comments. Neighboring such retailers as Showfields and Kith and across the road from hip members club Zero Bond, the shop would mark LuisaViaRoma’s second outpost globally, flanking the prevailing unit on Florence’s Via Roma which opened in 1929. The retailer had already tested the...
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