General Atlantic news and archive

Chrono24 raises 100 million euros in latest round of funding

Chrono24, the global digital marketplace for new and pre-owned luxury watches, has secured more than 100 million euros (118 million US dollars) in Series C investment. The round was led by General Atlantic, a leading global growth equity firm, with participation from Aglaé Ventures, the technology arm of LVMH founder Bernard Arnault’s family...

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Business

Gymshark secures investment from General Atlantic

Midlands-based sports fitness and apparel brand Gymshark has secured investment from private equity firm General Atlantic in a deal that values the company at more than 1 billion pounds. Gymshark said in a statement that the strategic partnership with General Atlantic would allow the brand to “turbo-charge” its intentions to become a leading...

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Business

Gilt puts IPO on hold yet keeps fundraising

The online fashion flash sales retailer has reportedly secured new investment valued at circa 50 million dollars. Gilt has confirmed this round of financing, led by current investor General Atlantic, with participation from other Gilt investors and a new strategic partner. As published by ‘Re/Code’, the new cash injection comes as Gilt has put...

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Apparel

Tory Burch lawsuit resolved

Fashion designer Tory Burch and her ex-husband, Chris Burch, have reached an agreement to their messy lawsuit, WWD is reporting. Although few details have been disclosed, it is reported that the lawsuit filed by Chris Burch over the sale of his stake in the Tory Burch company, which he co-founded in 2003 has been resolved. While the terms of the...