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Digitally native menswear start-up True Classic announced on Thursday it received a strategic investment from 1686 Partners, a private equity firm founded by David Wertheimer, the son of Chanel co-owner Gérard Wertheimer. The deal values the company at $850 million, according to True Classic.
The milestone marks True Classic’s first outside investment, six years on from its 2019 launch, and comes at a time when only the buzziest fashion start-ups are able to secure growth capital. Even…
