Kimberly Stone is Raising $50 Million for Luxury Social Marketplace, POSHGLAM

Fashion news, social, and eCommerce site POSHGLAM announces its shift to a luxury social marketplace after 18 years and is currently raising $50 million to expand. Launched online before most of major luxury brands even had an ecommerce presence, the site, brainchild of Kimberly E. Stone, has footprints in over 147 countries. POSHGLAM quickly connects the fashionable masses to not only interact with their favorite brands, but with one another, providing a platform for connection and conversation.

Founder, entrepreneur and model Kimberly Stone is using POSHGLAM as a vehicle to disrupt Fashion Tech & Social spaces as well as the untapped social ecommerce marketplace arena. To date, the site has served as a luxury news outlet and eCommerce website for fashion designers, brands and trends. POSHGLAM will now work with world-class luxury designers to promote and sell luxury products on the new eCommerce platform.

The shift to a new marketplace aims to diversify luxury brands that are still hesitant to do business with third parties. Brands and vendors are able to connect with consumers directly, so they aren’t losing the personal connection.

“POSHGLAM is a watering hole for fashion students, devotees and aficionados to come together and discuss their favorite items and gossip about the industry. We are continuing to deliver the content our devotees have come to love and trust POSHGLAM.” says Kimberly Stone.

Looking to raise $50 million in first round capital, POSHGLAM will scale to be the leading social shopping network for the global fashion industry. POSHGLAM.com supports established and emerging luxury designers and shares the latest news in the industry, including new designers and brands, events, and trends – perfect for browsing, shopping, interacting and discovering.

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