Teen-focused skincare brand Evre is expanding its North American presence and looks to raise at least US$2m.
The ground floor retail space will be anchored by a luxury New Zealand-owned retailer, which has yet to be named.
The Kiwi-founded footwear retailer will focus on e-commerce in an attempt to boost profitability.
The international retailer reported a $9.6m profit in the year ended August 31 in New Zealand.
Retail experts take stock of a challenging year.
Lawrence Railton’s apparel retailer and wholesaler sells $500m worth of product a year, and is still expanding.
Blank clothing brand, which was founded by Lawrence Railton in 2005, now has 27 retail sites around the world.
The Wesfarmers subsidiary on Tuesday revealed its Kmart NZ revenue had cracked $1 billion for the first time.
But net profit after tax has dipped at the retailer.
‘We need smart regulation, not knee-jerk bans,’ Retail NZ boss Carolyn Young says.