Hollande Visits Greece to Show Support for Recovery Efforts
The French president emphasized the importance of foreign investment to bolster Greece and said he would push French companies to participate in bids for Greek privatization projects.
LeWeb Startup Competition Finalist, Phonitive, Raises $534k Angel Round To Push Its Tap-To-Personalize Interactive Video Tech
French mobile software development startup, Phonitive -- one of 16 finalists in the 2012 LeWeb startup competition -- has raised a €400,000 first round angel investment from Toulouse-based seed investors, Capitole Angels and DP Invest. The startup said the funding will go towards further developing and commercializing its current flagship product: a video personalization tool called Touchalize.
Shock Treatment Recommended to Increase French Competitiveness
A report by a group led by Louis Gallois, one of France's best-known businessmen, recommends a major reduction in payroll taxes to "stop the slide, the stalling, and to support investment."
French Telco SFR Cuts Up To 2,000 Jobs Following Free Mobile Entry Into The Market
As the telecom company Free disrupted the mobile landscape in France, employment and investment are at risk in that industry. Vivendi-owned SFR is one of the first to suffer from the ever increasing competition and the union Force Ouvrière announced that SFR is planning 1,500 to 2,000 job cuts.
Social Media For The Fashion-Conscious: Chicisimo Chalks Up $800k In Angel Funding
Fashion -- as the saying goes -- never goes out of style, and that basic idea is bringing a rush of investment to online startups that want to hook into the colliding worlds of clothing and consumerism with an engaging social twist. One of the latest is Chicisimo -- a social media site for fashionistas to post and vote on pictures of their latest looks, and then buy the look for themselves -- which today is announcing that it's picked up a seed round of $800,000 from a list of angel investors including VitaminaK, a backer of another e-commerce upstart, Alice.com. The news comes as Chicisimo exists a long stint in beta mode, which saw the site over the last two years expand to cover seven languages -- Italian, German, French, Polish, Portuguese, Spanish and English.