Fashion Unicorns, a Dying Breed?
4 days ago - By WWD
The fashion-tech unicorn with its billion-dollar valuation and ultrabuzz remains an elusive target.
But even though bottoms specialist Bonobos took a cut to its roughly $500 million valuation of 2014 last week to accept a $310 million buyout by Wal-Mart Stores Inc., there's hope still in the fund-raising market.
It's just the exit strategy has changed.
Whereas companies like Bonobos might once have dreamt of an initial public offering, there is a clearer road to a strategic deal where young companies can look to lend their cool and digital expertise to a retailer aiming to compete against...
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