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The sneaker reseller said it would spend the cash injection (an undisclosed sum) to accelerate growth, double down on its apparel and accessories offering and expand into new categories. Funding from Artémis, the investment vehicle of Kering chief executive François-Henri Pinault, bolsters Goat’s existing relationship with the luxury group; some of its brands, including Alexander McQueen and Balenciaga, already have direct partnerships with the resale site. Goat is currently valued at $1.75 billion after it raised $100 million in a Series E funding round in September 2020.
