Venice-based VC firm Fifth Wall Ventures is growing with a new retail-focused fund that had raised $64.25 million, with a target of $200 million, as of November, according to an SEC filing.
There's a wave of digital retailers moving from the internet and into some of the empty mall space left vacant by companies in bankruptcy, like Sears and Payless ShoeSource, or trimming back their real estate, like Gap.
Fifth Wall has raised $64.5 million as of November, with a target of $200 million, for a new retail fund, according to a filing with the Securities and Exchange Commission. But real estate owners have arguably been slow to move as stores keep going dark at malls. That's partly why Fifth Wall decided it could expand its own business and create a new fund structure to raise capital and"promote collaboration" between landlords and burgeoning brands, Wallace explained. Up-and-coming retailers — like Taft and Interior Define — want"expertise and connections to large retail landlords," he said.
The third-biggest mall owner in the U.S., Macerich, is a limited partner in Fifth Wall and renting space to one of their investments — menswear company Untuckit, helping the apparel brand reach its goal of having 100 stores open in four years. Consumers, who like the convenience of shopping online, still sometimes like to go to stores to try things on and pick up orders.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
A veteran at 11, South African author poised to publish fifth bookShe's only 11-years-old and she's already an award-winning published author with three books under her belt. Stacey Fru, one of South Africa's youngest writers is now working on her fourth and fifth books
Consulte Mais informação »
Students Protest Algerian President Abdelaziz Bouteflika's Bid For Fifth TermDemonstrations at universities across the country called on the president of two decades not to run again. Bouteflika has rarely been seen in public since suffering a stroke in 2013.
Consulte Mais informação »
Papa John's reports fifth straight quarter of declining salesCNN News, delivered. Select from our newsletters below and enter your email to subscribe.
Consulte Mais informação »
Algerians protest Bouteflika bid for fifth term on deadline dayAnti-government protests resume as President Abdelaziz Bouteflika, 82, in shaky health for years, submits his official election papers at the Constitutional Council.
Consulte Mais informação »
Algerians protest Bouteflika bid for fifth term as deadline loomsAnti-government protests resume as President Abdelaziz Bouteflika, 82, in shaky health for years, is due to submit his official election papers at the Constitutional Council.
Consulte Mais informação »
Tens of thousands of Algerians rally against fifth Bouteflika termTens of thousands of Algerians marched on Friday to denounce President Abdelaziz...
Consulte Mais informação »
How California’s early primary illustrates the state’s political inferiority complexIn its bid for political relevance, California has often played around with the date for its presidential primary. Will an earlier primary in 2020 help assuage the state's long-held inferiority complex about its lack of political impact?
Consulte Mais informação »
Five years on, Malaysia open to resuming hunt for missing flight MH370Families of passengers were marking the fifth anniversary of the jet's mysterious disappearance on Sunday.
Consulte Mais informação »