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Warby Parker Raises $100 Million, Eyes Brick-And-Mortar Expansion

Warby Parker Raises $100 Million, Eyes Brick-And-Mortar Expansion

May 6, 2015 | Financial News

Disruptive eyeglasses retailer Warby Parker has raised another $100 million in funding, bringing the company’s total valuation to $1.2 billion. T. Rowe Price led the latest funding round, which is intended to help Warby Parker expand its brick-and-mortar presence to 20 locations nationwide, according to TechCrunch. Currently, the brand has 12 locations in nine U.S. states. Wellington Management, Tiger Global and General Catalyst also contributed to the round.

Movers & Shakers

Walmart Shakes Up Executive Team

Walmart Shakes Up Executive Team

Wal-Mart Stores is shaking up its executive team in an effort to tighten up the organizational structure, according to an internal announcement from Walmart U.S. President and CEO Greg Foran...

ShopperTrak Taps Former Ericsson Exec For CTO Position

ShopperTrak Taps Former Ericsson Exec For CTO Position

ShopperTrak, a provider of consumer behavior insights and location-based analytics, has appointed Adan K. Pope as its Chief Technology Officer (CTO). Prior to joining ShopperTrak, Pope served as VP of Technology...

Merchant Customer Exchange Appoints Bank Of America Exec As Interim CEO

Merchant Customer Exchange Appoints Bank Of America Exec As Interim CEO

Merchant Customer Exchange (MCX), developer of the CurrentC mobile payment platform, has appointed Brian V. Mooney as its interim CEO. He succeeds Dekkers Davidson, who is leaving MCX to pursue...

Mergers & Acquisitions

Pitney Bowes Acquires Borderfree For $395 Million

Pitney Bowes Acquires Borderfree For $395 Million

On the heels of reporting a 7% drop in revenue between Q1 2014 and Q1 2015, international e-Commerce solution provider Borderfree has announced that it has been acquired by Pitney...

Coach Completes Stuart Weitzman Acquisition

Coach Completes Stuart Weitzman Acquisition

Coach, Inc., has completed its acquisition of Stuart Weitzman Holdings LLC, a designer and manufacturer of women’s luxury footwear. Coach purchased the brand from private equity firm Sycamore Partners in...

NetSuite Set To Acquire Bronto For $200 Million

NetSuite Set To Acquire Bronto For $200 Million

NetSuite is acquiring Bronto Software for approximately $200 million in cash and equity, the two companies announced today. The deal is expected to close in Q2 2015. This acquisition continues...

Financial News

Warby Parker Raises $100 Million, Eyes Brick-And-Mortar Expansion

Warby Parker Raises $100 Million, Eyes Brick-And-Mortar Expansion

Disruptive eyeglasses retailer Warby Parker has raised another $100 million in funding, bringing the company’s total valuation to $1.2 billion. T. Rowe Price led the latest funding round, which is intended...

SiteZeus Captures $2.2 Million In Series A Funding

SiteZeus Captures $2.2 Million In Series A Funding

SiteZeus, a provider of site selection technology, has secured $2.2 million in Series A funding from Chris Sullivan, who is a partner at Bloomin’ Brands and Co-Founder of Outback Steakhouse....

Store Openings Highlight Q4 Financial Results

Store Openings Highlight Q4 Financial Results

Retail sales are predicted to increase 4.1% in 2015, indicating that the industry as a whole is set to have a big year financially, according to the National Retail Federation...