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Revolve Group reportedly acquires IP of Dion Lee

US e-commerce retailer Revolve Group is believed to have snapped up the intellectual property (IP) assets of Australian fashion brand Dion Lee. This is according to the Australian Financial Review, which said that Revolve had acquired the Sydney-based brand’s assets from its administrator, DVT Group, for under one million dollars. Founded in...

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Business

Growth in active customers boosts Revolve Group's Q2 sales

Revolve Group Inc. reported total second quarter net sales of 290.1 million dollars, an increase of 27 percent year-over-year. Gross margin was 55.9 percent, an increase of 29 basis points and the company’s highest-ever gross margin for a second quarter. The company attributed the sales increase to continued strong growth in active customers,...

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