Zilingo in $100mn investment to digitise fashion supply chain
U.S., Oct. 21 -- The fashion-technology firm, Zilingo, has announced an investment of $100mn as part of the company's drive to digitally transform the fashion supply chain.
As part of the firm's first steps to expand into the United States, it is anticipated that the investment will have significant benefits for US factories and retailers, in addition to sustainable fashion advocates everywhere.
"The fashion industry is exploitative, wasteful and, frankly, completely broken," commented Ankiti Bose, co-founder and CEO of Zilingo. "We're a technology company at heart, and firmly believe in the power of technology to improve business and the world. We're bringing technology to a supply chain that hasn't changed since the industrial revolut...
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