iFashion Group buys Malaysia’s Nose

Singapore venture-backed online fashion and lifestyle company iFashion Group has acquired Malaysian fashion brand Nose in a cash and share deal.

No details of the deal have been released. The group is backed by venture capitalists and corporate investors including Fatfish Internet Group, Sovereign Capital, Rimu Group, Fashion DK Group and angel investors Seow Kiat Wang and Tan Chow Boon.

Acquiring Nose will enable iFashion to expand in the Malaysian market. With 10 stores in shopping malls across Malaysia, Nose specialises in women’s shoes and handbags, and has just expanded its online retailing activities through strategic partnerships with online marketplaces in Southeast Asia. This acquisition will see it work with the iFashion Group’s internet retailing platform.

This latest acquisition follows iFashion acquiring Dressabelle and retail space booking site Invade Industry this year.

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