General Atlantic news and archive

Gilt puts IPO on hold yet keeps fundraising

The online fashion flash sales retailer has reportedly secured new investment valued at circa 50 million dollars. Gilt has confirmed this round of financing, led by current investor General Atlantic, with participation from other Gilt investors and a new strategic partner. As published by ‘Re/Code’, the new cash injection comes as Gilt has put...

Apparel

Tory Burch lawsuit resolved

Fashion designer Tory Burch and her ex-husband, Chris Burch, have reached an agreement to their messy lawsuit, WWD is reporting. Although few details have been disclosed, it is reported that the lawsuit filed by Chris Burch over the sale of his stake in the Tory Burch company, which he co-founded in 2003 has been resolved. While the terms of the...