One of the success stories of internet retailing in Australia is the amazing rise of online fashion retailer, The Iconic. The Iconic has been able to achieve an astronomical rise hardly seen anywhere else in the world. The company has been operating for only a couple of years and in this time has attracted worldwide attention from investment firms around the world.
Firstly it was JP Morgan who made an initial investment of nearly $20 million dollars in September last year. This investment helped The Iconic achieve profitability.
Following this is news last month that another international investment firm has seen huge potential in the company and has decided to invest. The investment firm is Summit Partners who have made a massive investment in the company of $25 million dollars via it’s German holding company, Rocket Internet.
This new investment will be used by The Iconic to increase their expansion and consolidate it’s brand.
The Iconic offer consumers one of the biggest selections of clothing online as well as great customer support and returns policy. They also offer great prices and even better prices when you make use of a Iconic coupon.