Online fashion shopping site Spring has secured a $65 million Series C round.The latest round was led by Fidelity Investments and included previous investors such as Groupe Arnault, Thrive Capital, Yuri Milner and BoxGroup. Spring, which operates the site Shopspring.com, so far has raised in the aggregate $105 million.Spring said the investment would enable the company to grow and increase efforts in customer marketing, brand partnerships and team development. The company recently added Robert Willey as chief marketing officer and Gillian Gorman Round as chief operating officer.Alan Tisch, Spring’s founder and chief executive officer, “Our mission continues to be to deliver the most personalized, convenient and inspirational shopping experience in partnership with our community of [more than] 2,000 brands.”Brands sold in the site have included Stella McCartney, Alexander Wang, Tory Burch, Diesel, Aldo and Abercrombie & Fitch.He launched the company in 2014. Spring said the company saw new customers rise more than seven times in 2016, and that revenues grew nine times over 2015.For more WWD stories:
@juicebeauty, where @gwynethpaltrow holds the title of creative director of makeup, has become one of the foremost labels in the organic beauty category –– with sales on track to hit $100 million this year. What’s behind the rapid growth the brand is experiencing right now? It all started in 2005 when the wellness movement was just getting started. Read more on WWD.com. #wwdbeauty
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"I want to tell a story that inspires people to feel good about themselves, but also I'm making a commentary about the lack of female stories and female directors and saying this should change," said @imheathergraham on her latest project "Half Magic." The comedy feature, which the actress wrote and directed, is based on her own struggles as a woman in show business. Read @andrewnodell's full interview with Graham on WWD.com. #wwdeye (📷: @jgreenery)
@meltcosmetics cofounders @lora_arellano and @danabomar built their brand on a single idea: a true matte lipstick. To set the brand apart, they said they always put their customers first –– including a personalized note in each package. #wwdsummits #wwdbeauty
@moncler unveiled its latest project, #MonclerGenius, yesterday at Milan Fashion Week. The Italian outwear maker gave show-goers a preview of the monthly collections – which were created by eight designers and creative talents including Pierpaolo Piccioli, Simone Rocha, Craig Green and more – that will start rolling out in the summer.