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H&M, lululemon Lead Funding for New $250M Fashion Climate Fund

Retail TouchPoints

The Apparel Impact Institute (Aii) has introduced the $250 million Fashion Climate Fund , which will be used to identify, fund, scale and measure verified impact solutions to decarbonize and modernize notoriously wasteful fashion industry supply chains.

Fashion 275
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8fig Raises $140M to Support Online Sellers with Funding, Financial Management Tools

Retail TouchPoints

8fig , a funding and management platform for ecommerce businesses, has closed a $140 million Series B funding round, bringing its total funding to date to $196.5 The funds from 8fig are disbursed incrementally on an ongoing basis and are equity-free.

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Trian Fund Management Withholds Votes in Disney Proxy Battle

Retail Wire

In the ongoing proxy tussle between Trian Fund Management and entertainment titan Disney, Nelson Peltz’s firm has opted to withhold its votes from Disney CEO Bob Iger.

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Elon Musk’s OpenAI Rival xAI Is Raising $6 Billion in Funding

Retail Wire

Elon Musk's xAI, which came to the market 10 months ago to compete with OpenAI, has raised almost $6 billion in funding.

Marketing 130
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Victoria’s Secret Launches Fund Supporting Gender Equality Worldwide

Retail TouchPoints

Victoria’s Secret has introduced The Tour Impact Fund, designed to support gender equality and amplify voices in the communities where the VS20 — a group of creatives from the Victoria’s Secret World Tour — live, work and create their art. 18 during the UN General Assembly meeting in New York City.

Fashion 223
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Amazon Commits $53M in Funding to Accelerate Climate Innovations by Women

Retail TouchPoints

To create greater equity for women entrepreneurs whose innovations combat climate change — but who often don’t receive crucial funding — Amazon will contribute $53 million through a partnership with the U.S. Agency for International Development (USAID). Partnering with Elemental Excelerator.

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Pet Circle secures $75 million to fund expansion

Inside Retail

Online pet supplies company Pet Circle has secured $75 million in funding from its existing top-tier investor, Prysm Capital, coming after strong retail sales of $308.8 Why Pet Circle is expanding into insurance amid pet spending boom The post Pet Circle secures $75 million to fund expansion appeared first on Inside Retail.