Naadam, the sustainable cashmere company with a can’t-make-this-up backstory, today revealed it has raised $16 million in Series A funding. Private equity firm Vanterra Capital led the round with participation from Silas Chou’s Torch Capital; U-Start Club, a venture capital firm that syndicates investments from Italian and Swiss family offices into global high-growth digital ventures; Trail Post Ventures, and Plug and Play Ventures.
Matthew Scanlan cofounded the brand with Diederik Rijsemus and Hadas Saar in 2015, after Scanlan and Rijsemus decided somewhat on a whim to take a trip to Mongolia, where they ended up tagging along with an American journalist to interview herders in the Gobi Desert and getting stranded there for three weeks. The trip resulted in them disrupting the cashmere supply chain by cutting out the middleman and purchasing directly from the herders, which leads to significantly lower prices and supply chain sustainability.
The iconic Tiffany & Co. Fifth Avenue flagship will have a whole new look come 2021, reports @mistywhitesidell . The 10-story store is being expanded and renovated under the vision of chief artistic officer, Reed Krakoff. #wwdnews
“I feel like the [Emmy] nomination is this absurdly generous bonus to something that I’ve already been excited by for quite some time now,” Darren Criss tells @ktauer about his nomination for his role as Andrew Cunanan in The Assassination of Gianni Versace: American Crime Story, “My general attitude toward life is I hope for everything but expect nothing. But when you’re playing for the Warriors, there’s a good chance you’ll make it to the championships. And I’m not saying I’m Steph Curry, but when you’re on [showrunner] Ryan Murphy’s team, it seems more palpable than ever,” he continues. (Criss previously starred on “Glee,” another Murphy creation, although they didn’t directly work together.) “I feel like I’ve already won the lottery.” Read more in WWD.com (📸: @lexieblacklock ) #wwdeye #darrencriss #americancrimestory #emmys2018