Shop Hers, a resale site geared for designer labels, has secured its Series A financing with the help of Bono.
The financing totals $3 million. It was led by Floodgate’s Mike Maples Jr. and Ann Miura-Ko, and includes investments by Bono and three other executives from Elevation Investors, plus David Tisch of The Box Group, Aldo Manzini and a few others, according to Shop Hers founder Jaclyn Shanfeld. Two seed round investors — Shana Fisher of High Line Venture Partners and a board partner at Andreessen Horowitz, and Mike Hirshland of Resolute VC — also contributed to the more recent financing.
Nearing 450,000 users and offered in 129 countries as of two months ago, Shop Hers charges an 18 percent transaction fee. On the site, sellers set their own prices and each seller must cover the cost of shipping its goods to the company’s headquarters to be authenticated within two or three days. Once an item is sold, the buyer’s credit card is authorized but is not charged until the item is vetted. “We do all the fulfillment,” Shanfeld said. “Before we started the company, we realized we will have to be the policemen. We will have to vet everything. But the seller knows there is no point trying to sell fakes.”
The site aims to play up the social side by matching women who share a similar size and sense of style through its Style Soulmates feature.
Manzini, a former Disney executive, connected Shanfeld with Elevation Partners. After meeting with her and offering his financial support, he put her in touch with Patty Wexler, an adviser to Elevation Funds. A few days later, Shanfeld hopped a flight to Palo Alto, Calif., to meet with three Elevation executives, who each invested individually.
The site offers apparel, accessories and footwear from 500 designers and brands. “We want to give women the ability to buy things they love, knowing that the item will have a second, third or fourth life,” Shanfeld said.
Shanfeld cofounded the company about a year ago with Jenna Stahl, a former nordstrom.com executive who is now Shop Her’s creative director, and Thanh Khuu, who worked as ShoeDazzle’s chief technology officer before becoming Shop Her’s chief operating officer.
@kering_official is spinning off its stake in puma in an effort to focus on its luxury brands, the brand operator announced yesterday. “We are proud to have supported the turnaround of Puma, which now has unrivaled capabilities to take full advantage of the specific dynamics of its global markets and is poised to achieve substantial growth,” said François-Henri Pinault, Kering’s chief executive officer and chairman. Artémis will become a “long-term strategic shareholder” of Puma with a 29 percent stake. #wwdnews #wwdfashion (📷: @jilliansollazzo)
The fashion world mourns for celebrated street style photographer, Nabile Quenum, who died at age 32 in Paris.
Quenum, creator of the fashion blog “J’ai Perdu Ma Veste,” was a fashion week fixture, and regularly shot for New York magazine’s The Cut, among other outlets, and brands such as Louis Vuitton, Moncler and Adidas. He was also actively involved in the #NoFreePhotos initiative, which kicked off in the fall. Read more about Quenum in @kbsmoke's story on WWD.com. #wwdnews
@verwanggang and @maisonladuree have teamed up on a dessert collab called Vera Wang Pour Ladurée. The collection, which launched this week, features a specialty macaroon, as well as a wedding cake inspired by one of the designer’s gowns. “I could not imagine a more delicate or sophisticated creation to grace any couple’s celebration,” said Wang. #wwdfashion
“I’m Russian and I love to use all these little tricks that I got from my grandma or my mom. We didn’t have a lot of money for creams or anything like that so we would use a garden as a beauty treatment regime. We’d put cucumber in the fridge and do a cucumber mask,” says model @irinashayk on one of her beauty hacks. WWD asked celebs what their go-to self-care rituals are. See what Naomie Harris, Freida Pinto and more said on WWD.com. #wwdeye #wwdbeauty (📷: @zefashioninsider)
Exclusive: @viktorandrolf are teaming up with @Zalando on a collection made from leftover clothing. The lineup, which lands at the retailer February 1, includes 17 pieces adorned with sliced up and repurposed overstock from the retailer’s private label collection. Pictured here is a look from the collection –– see more on WWD.com. #wwdfashion #wwdnews
@duewestnyc is the newest bar joining the collection of intimate neighborhood-focused spaces in the West Village. The cocktail menu, which includes bitters and syrups made in-house, offers a “Build Your Own Old-Fashioned” – like the one pictured here – where guests can choose from a list of spirits and unexpected sugars and bitters. #wwdeye
Spotted at last night’s National Board of Review gala in NYC: Angelina Jolie. Jolie – along with Meryl Streep, @lupitanyongo and more – continued the all-black dress code from Sunday’s Golden Globes. #wwdeye (📷: @lexieblacklock)