Business
Truss secures investment from FIGR Ventures
UK-based resale fashion tech start-up Truss, which is looking to revolutionise the fashion industry by powering resale with AI-enabled data infrastructure, has secured 300,000 pounds in investment from FIGR Ventures. In a statement, Truss said with the new 300,000-pound capital it has also secured critical match-funding to activate a 1.1 million...
Business
Activist investors call for change at Macy’s, retailer responds
Two activist shareholders of Macy’s have called on the US department store giant to make a number of changes to its structure, including a possible sale of Bloomingdale’s, after it delivered “limited sustainable improvements” to operating results. In a press release and presentation addressing the retailer, Barington Capital Group LP and Thor...