DIRS.INFO The most relevant business & tech news

☆ Wholesale marketplace Faire, which raised $416 million 18 months ago, laid off 250 workers in a company-wide restructuring
▼ + stars: | 2023-11-02 | by ( Madeline Stone | ) www.businessinsider.com time to read: +3 min

Faire, the wholesale marketplace company, laid off about 250 employees on Wednesday. This is the second time in just over a year that the company has laid off workers, although this second restructuring appears to be bigger. Faire is an online marketplace that connects independent brands with retailers that can stock their products in their stores. Faire recently announced a partnership with Shopify that established Faire as the preferred wholesale marketplace for Shopify merchants. Shopify also became a shareholder in Faire as part of the deal, which Insider first reported on in July.

Persons: Shopify, We're, who've, Layoffs.fyi Organizations: Dragoneer Investment, Sequoia Capital, Founders Fund, Forerunner Ventures, Tech Locations: mstone@insider.com

☆ Shopify has had talks to invest in marketplace company Faire
▼ + stars: | 2023-07-18 | by ( Madeline Stone | ) www.businessinsider.com time to read: +2 min

Shopify has had talks to invest in Faire, two people familiar with the matter said. Faire is an online wholesale marketplace that integrates with Shopify. Shopify has held talks to make a strategic investment in Faire, the wholesale marketplace company, according to two people familiar with the matter. The Canadian e-commerce company has discussed taking a stake of about 5% in Faire as part of the deal, one of these people said. While Shopify is better known for catering to DTC brands, B2B e-commerce has become a larger focus for the Canadian e-commerce company in recent years.

Persons: Shopify Organizations: Shopify, B2B, Shopify Ventures, Triple, Dragoneer Investment, Sequoia Capital, Founders Fund, Forerunner Ventures

Search resuls for: "Dragoneer Investment"

2 mentions found