NEW YORK — Moda Operandi raised more than $20 million in additional funding to expand its brand of luxury e-commerce.
The funds will go toward inventory and asset purchases, strengthening the overall platform from a technology standpoint, investing significantly in mobile and a relaunch of modaoperandi.com in the third quarter of next year, said Deborah Nicodemus, who was named chief executive officer in October.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)