South Korean fashion platform Musinsa has raised a Series C funding round led by KKR at a valuation of $19.02 billion, with this Series C funding round, Musinsa will continue to expand its online and offline business, expand into overseas markets, hire more employees and make acquisitions to diversify its portfolio.
Musinsa has evolved into a top consumer Internet platform in Korea, serving as a differentiated marketplace that is able to expand emerging brands, serve the fashion creator economy, engage and provide customers with a high-quality e-commerce experience. There are many characteristic trend brands in the platform.
Among them, 87MM focuses on street leisure regardless of gender, and has gained high popularity in Asia in a short time, becoming one of the hot street leisure brands in the fashion circle, the entertainment circle and the major social platforms.
87MM's main designers Kim Won-joong and Park Ji-woon were born in 1987. The two founders began their careers as models in Korea and became influential in leading fashion through various activities. After entering the designer industry, their image became more distinct and they became more widely known. Has participated in the Korean Fashion Week for many times, with NO CONCEPT BUT GOOD SENSE as the brand purpose, with the current high-street style as the main axis, once launched, has accumulated a High popularity, become the Asian fashion young people are highly concerned about the Korean brand.
Official website: https://87mm.co.kr/