According to The New York Post, Zimbio Inc. picked up $8.9 million in financing earlier this month!
The entertainment and fashion website is apparently already busy expanding. As pointed out in the piece, John Newlin, editor-in-chief has hired Danica Lo, former senior online beauty and fashion editor at Glamour. Danica will manage daily editorial operations of StyleBistro.com.
Newlin explained, “Basically, it signals a branching out from our celebrity-centric fashion coverage. She’ll bring a wider skill set to cover beauty, fashion and some retailing.”
As for other news in expansion, he plans on hiring three editors in NYC and could possibly add six additional editors as well!