The Lehi, Utah-based boutique marketplace for womenswear, accessories, home decor and children’s fashion announced on Tuesday that it has received a $40 million growth investment from Tritium Partners.
Resale e-tailer Poshmark has unveiled its plan to file for an initial public offering, although few details are available at present. It operates in the US and Canada and has attracted a number of celebrity investors.
Forget fast or slow fashion, now it’s ground to a halt. A mountain of apparel stock has been piling up in stores, distribution centers, warehouses and even shipping containers during months of COVID-19 lockdowns.