CreateThe Group Raises $12 Million From Hargreaves Family

Posted Jun 9, 2009

CreateThe Group is a company that designs e-commerce platforms for luxury brands.  The company has been around for about 5 years and has announced that they have raised $12 million in private funding from the United Kingdom’s Hargreaves family.  CreateThe Group will be using the funding to expand their platform including the CTS/SELL service.  The CTS/SELL and CTS/SOCIAL platform accounts for more than $200 million worth of online business.

CreateThe Group was started by James Gardner and Tony King.  Some of their clients include seven LVMH brands and four Gucci Group brands.  Other clients include the New York Times T Magazine, Oscar de la Renta, Tom Ford, David Yurman, Calvin Klein, Burberry, etc.

?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,? stated 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.?

[via VentureBeat/CTG PR]