Marui’s D2C&Co unit, Pola Orbis and Takram were among the investors that helped the online bespoke suit vendor reach the first close of a convertible bond and debt financing round.
Japan-based fashion apparel marketplace Fabric Tokyo secured ¥1.35bn ($13m) in convertible equity and debt financing from investors including retailer Marui, cosmetics producer Pola Orbis and design studio Takram yesterday.
Chiba Dojo Fund and angel investors including Fumiaki Koizumi, Shōji Kodama and Tommy Tomishima filled out the investors together with unnamed companies, while Marui participated through its D2C&Co subsidiary.
The capital represents the first tranche of a round with a second close scheduled for 2021.
Founded in 2014 as LifeStyle Design,…
