Injection of fresh money to support fashion website

   Iconic yesterday announced the Belgian private European investment investment company Verlinvest Company AB Kinnevik and U.S. venture capital firm Summit Partners planned $ 28 million financing.

Summit Partners had $ 25 million in January, the iconic approached by US20m of dollars last year from JPMorgan Asset Management.

Accounts with the corporate regulator in filed may show the icon lost $ 44.7 million in 2012, with sales of $ 30.7 million were primarily from $ 19.7 million in fees charged personnel and an additional $ 19.1 million on sales and marketing costs.

The accounts also showed the iconic assets of $ 13.8 million - including cash of $ 1 million at end-December, a few months after the investment of JPMorgan - not be sufficient to cover the liabilities 17 5,000,000 USD. The company is trying to reduce 50 clients in January and moving specific functions to India costs, Personnel Service pocket, but will continue the sustainability of the business model in question.

An e-mail seems to be sent to the time of the founding of the Iconic 2011 by Oliver Samwer, co-founder of the German Rocket Internet iconic mother Encourage employees to develop sales at any price, so that

the company can "Donate for Reviews incredibly incredible."

Meanwhile, online retailer Catch of the Day has sold its stake in the wine Vinomofo site just 15 months after buying the company.

Catch Hezi Leibovich said group co-founder Vinomofo members had increased from 30,000 to 200,000 under the control of catch, while sales and profits have increased from four to six times.

"But the offer on the table that was attractive and very profitable for us," he said.

Mr. Leibowitz refused the sale price or the buyer's comment, except to say that it was involved in the wine sector, a group of private investors.