September 01, 2020
FASHIONPHILE, the leading pre-owned e-commerce company focused exclusively on ultra-luxury handbags, watches and fine jewelry, has announced that it has raised US$38.5 million in Series B funding led by NewSpring Growth, the dedicated growth and expansion strategy of private equity firm NewSpring. This funding round follows Neiman Marcus' minority investment in the Company in April 2019, and has since opened FASHIONPHILE Selling Studios in four of its stores across the country.
Latham & Watkins represents FASHIONPHILE in the transaction with a corporate deal team led by Century City partner Chris Shoff, with Los Angeles counsel Brian Duff, Century City associate Erim Tuc, and Los Angeles associate Ruohan Yu. Advice was also provided on tax matters by Los Angeles partner Eric Cho, with Los Angeles associate Brian Rogers; on technology transactions matters by Los Angeles partner Ghaith Mahmood, with Los Angeles associate Jia Jia Huang; and on benefits and compensation matters by Los Angeles partner Larry Seymour.