Tomorrow Takes Majority Stake in Machine-A
Fri 20 Nov 14:57 pm
Machine-A will continue to have full independence on brand selection and curation, as it works to accelerate its e-commerce business.
Fashion business accelerator Tomorrow has taken a majority stake in the London-based multibrand store Machine-A.
Alessandra Rossi, chief digital officer at Tomorrow, has been appointed chief executive officer of Machine-A, effective immediately. According to Tomorrow, she will be working closely with Machine-A on its direct-to-consumer model and long-term business expansion strategy.
Rossi previously held a variety of roles at Yoox Net-a-porter, including head of buying, commercial director, operations manager, and president.
Machine-A cofounder Stavros Karelis, whose shareholding increased in the deal, will continue his role as buying director at Machine-A, and will oversee the wider brand curation across the Tomorrow creative projects and portfolios.