Lesara news and archive

What led to Lesara’s bankruptcy?

Just a few months ago, it seemed quite possible that German online retailer Lesara could become the number 1 in the international fashion discount market as planned: Sales were good, the company expanded into more and more European markets, won awards and was able to secure funds in financing rounds. Then, suddenly, in November last year, Lesara...

Business

German fashion startup Lesara files for insolvency

German online fashion and lifestyle products startup Lesara has filed for insolvency at its headquarters in Berlin. The company’s co-founder for insolvency proceedings in self-administration for Lesara AG and logistics subsidiary Lesara Logistics at the district court of Berlin-Charlottenburg. All major expenditures and decisions must now be...

Business

German fashion e–tailer Lesara secures 40 million dollars in funding

The German online fashion and lifestyle retailer announced Tuesday a 40 million dollars funding round led by new and existing investors in the U.S. and U.K. The venture capital will be dedicated to fuel the retailer's expansion into Sweden, Denmark, Spain, Belgium, and the UK. As highlighted by the company, this round brings total funds raised...

Business

Lesara annual sales jump 175 percent

Lesara, an online platform offering affordable fashion posted a 175 percent rise in revenues and 1.5 million active customers across Europe against the past year. The company said that the range of products also expanded in the last few months and currently comprises over 70,000 products. "Lesara is steadily developing into a leading global...

RetailFeatured

German e-tailer Lesara launches in 16 new countries

Berlin-based affordable fashion and lifestyle online retailer Lesara is continuing forward with its global expansion by launching into 16 new countries, including the UK and Ireland. Lesara is currently active in six countries, Germany, Switzerland, Austria, Luxembourg, The Netherlands and Italy. After Germany, which generates 60 percent of...