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http://www.createthegroup.com
June 08, 2009 08:30 AM Eastern Time 

Digital Commerce Leader CREATETHE GROUP Secures $12 Million in Private Funding

The Hargreaves Family Invests in CREATETHE GROUP’s Unique Blend of Interactive Services and End-to-End E-Commerce Solutions That Power the World’s Most Elite Brands Online

NEW YORK--(BUSINESS WIRE)--Celebrating more than five years of rapid growth and success developing and powering digital experiences for the fashion and luxury industries’ premier brands, CREATETHE GROUP today announced that it has closed $12 million in private funding from the Hargreaves Family in the UK. The funds will be used to further expand the company’s fast-growing digital commerce business, including its enterprise-class e-commerce platform, CTS/SELL, which supports more than $200 million of online business, and its social media platform, CTS/SOCIAL.

“We are truly honored to have the Hargreaves Family as new partners. Together we will continue to expand our technology products and our services to power elite brands’ digital efforts across myriad industries, globally.”

Co-founded by James Gardner, chief executive officer, and Tony King, chief creative officer, CREATETHE GROUP’s clients include seven LVMH brands (10 Cane, Donna Karan, eLUXURY, Fendi, Krug, Louis Vuitton, Marc Jacobs) and four Gucci Group brands (Balenciaga, Bottega Veneta, Gucci, Stella McCartney), as well as Burberry, Calvin Klein, David Yurman, Dunhill, Juicy Couture, New York Times T Magazine, Oscar de la Renta, St John, Tom Ford, Tory Burch and others. The company’s offerings – which include sophisticated interactive and media services, a full-featured e-commerce platform, social shopping solutions, a photo studio, warehouse and customer service – are tailored to meet each brand’s specific needs to create unique and engaging digital commerce experiences.

“The Hargreaves’ support further validates why our clients choose us - our ability to balance branding and commerce, with a unique offering of best-in-class creative services and a powerful technology platform that makes selling online painless and lucrative for retailers and luxurious for their customers,” said James Gardner, co-founder and CEO of CREATETHE GROUP. “We are truly honored to have the Hargreaves Family as new partners. Together we will continue to expand our technology products and our services to power elite brands’ digital efforts across myriad industries, globally.”

“For the past five years when an elite fashion brand was looking to embrace the Web - from creative branding campaigns to cutting-edge transactional sites – they turned to CREATETHE GROUP. It’s this technical offering and know-how combined with the team’s immersion in the fashion and luxury worlds that made this a unique and exciting investment opportunity for us,” added John Hargreaves. “We are pleased to be able to help CREATETHE GROUP extend its products and services and further develop partnerships with their amazing client base.”

About CREATETHE GROUP:

CREATETHE GROUP is the digital commerce leader for the world’s most elite brands. The company delivers luxury experiences online through its unique combination of interactive agency services, a flexible e-commerce platform, and premier fulfillment and customer service solutions. Headquartered in New York City with offices in London and Milan, CREATETHE GROUP’s clients include Burberry, Bottega Veneta, Calvin Klein, David Yurman, Donna Karan, Dunhill, eLUXURY, Fendi, Juicy Couture, Louis Vuitton, Marc Jacobs, New York Times, Oscar de la Renta, Tom Ford, Stella McCartney and St John. For more information, please visit www.createthegroup.com or email info@createthegroup.com.

Contacts

fama PR
Keri Bertolino, 617-758-4148
createthegroup@famapr.com

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