Fashion
Lookiero Outfittery Group secures €17 million funding to accelerate development
Published
January 8, 2026
Lookiero Outfittery Group, the company formed in early 2025 through the merger of Spain’s Lookiero and Germany’s Outfittery, has closed a 17 million euro funding round. With the capital raised, the group plans to accelerate growth, consolidate its logistics operations, and step up its commitment to artificial intelligence.
As stated in a press release on January 8, the round included investors such as Ekarpen Private Equity and the Sociedad Española para la Transformación Tecnológica (SETT), alongside Acurio Ventures, Perwyn, Bonsai Partners, and 10x Group. Of the total investment, €7.25 million was provided by SETT, which falls under the Ministry for Digital Transformation and the Civil Service of the Government of Spain. “SETT’s support underlines the innovative potential of Lookiero Outfittery Group and its relevance within the Spanish digital and technological ecosystem,” the group said, whose platforms specialise in subscription-based clothing sales in the case of Lookiero, and online personal shopping services in the case of Outfittery.
“This milestone marks a new chapter for Lookiero Outfittery Group. The technological and logistical integration enables us to operate more efficiently and deliver a better experience for our customers across Europe,” said Oier Urrutia, the group’s CEO and founder of the Spanish company.
The conglomerate, which operates in a dozen European markets, reports that it achieved positive EBITDA in the 2025 financial year, “a particularly significant milestone in a year marked by the integration process with Outfittery,” it noted. It also completed the integration of its two brands into a single technology and logistics platform and opened a new operations centre in Miranda de Ebro (Burgos), strengthening its infrastructure. This 15,000-square-metre warehouse strengthens the company’s European network and brings the total logistics area it operates to almost 25,000 square metres.
Looking ahead to 2026, Lookiero Outfittery Group plans to “make significant progress” in profitability, as well as launch new AI-based features focused on improving styling personalisation, demand forecasting and supply needs.
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Nominal GDP, or GDP at current prices, is estimated to grow at 8.6 per cent to reach ₹345.47 trillion in FY26 against ₹318.07 trillion in 2024-25.
India’s real GDP is estimated to grow at 7.6 per cent to ₹322.58 trillion (~$3.54 billion) in FY26 compared to the first revised GDP estimate of ₹299.89 trillion for FY25 (7.1 per cent growth).
It released the new series of annual and quarterly national accounts estimates with FY23 base.
Real GVA is projected to grow at 7.7 per cent to reach ₹294.40 trillion in FY26 against ₹273.36 trillion in FY25.
Real gross value added (GVA) is projected to grow at 7.7 per cent to reach ₹294.40 trillion in FY26 against ₹273.36 trillion in FY25 (a 7.3-per cent growth rate).
Nominal GVA is estimated to grow at 8.7 per cent to hit ₹313.61 trillion during FY26, against ₹288.54 lakh crore in 2024-25.
Robust economic performance in FY26 is primarily on account of robust real growth observed in the second quarter (8.4 per cent) and third quarter (7.8 per cent).
The manufacturing sector has been the major driver of resilient performance of the economy the consecutive three fiscals after rebasing, a release from the ministry said.
Both private final consumption expenditure and grossed fixed capital formation exhibited more than 7-per cent growth rate in FY26.
Fibre2Fashion News Desk (DS)
The transition marks the formal handover of executive leadership to President and CEO Keun-Chang (Kevin) Yoon, reinforcing management continuity while preserving the founder’s long-term strategic vision.
Misto Holdings founder Gene Yoon has transitioned to honorary chairman in a planned leadership succession, formally handing executive control to president and CEO Kevin Yoon.
The founder, who expanded the group through the FILA global trademark acquisition and the takeover of Acushnet, will continue guiding long-term strategy as the rebranded Misto focuses on governance and sustainable growth.
Gene Yoon founded the business that would become Misto Holdings in the early 1990s, introducing the FILA brand to the Korean market and later leading a series of transformative transactions. In 2007, the company acquired the global FILA trademark rights through a leveraged buyout, followed by the 2011 acquisition of Acushnet Company, owner of the Titleist and FootJoy brands. The transaction was among the largest cross-border deals in Korea’s consumer sector at the time and significantly expanded the group’s global footprint.
Under his leadership, the company evolved into a multi-brand global portfolio spanning sportswear, golf equipment and apparel, generating approximately USD 3.08 billion in annual revenue.
As Honorary Chairman, Gene Yoon will remain closely engaged with the company, providing guidance on long-term strategy and global portfolio development while supporting management from a broader strategic perspective.
The leadership transition marks a new chapter under President and CEO Kevin Yoon, who has spent nearly two decades in senior roles across the group’s global operations, building deep operational and strategic expertise.
The company’s 2025 rebranding to “Misto” underscores its evolution into a global brand house focused on disciplined capital allocation, enhanced shareholder returns and sustainable long-term growth.
“Building on the founder’s legacy, our priority is to expand our global portfolio, strengthen governance and deliver sustainable value creation,” said Kevin Yoon, President and CEO of Misto Holdings.
Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.
Fibre2Fashion News Desk (RM)
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