Luxury Brand Partners, an incubator of cult-favorite brands like Becca Cosmetics, Oribe Hair Care and Pulp Riot, said the investment is part of a larger growth plan set to include several new brand launches.
Multibrand retailer Wolf & Badger has seen a “consistent rise in overall global sales and strong performance from its flagship stores in London and New York” to give it another period of higher full-year revenues.
Asos said it delivered an “encouraging” start to its financial year when it issued a trading update on Thursday, with the four months to December 31 seeing both total group revenue and total group sales up 20%.
The consumer products conglomerate and its ethnic beauty-focused subsidiary have teamed up to launch Emerge, a new brand that aims to empower multicultural Gen-Z women with affordable textured hair care products.
Despite hailing the deal as “a step in the right direction,” GlobalData reports that it will “offer little relief to apparel firms” caught up in the middle of the ongoing trade conflict between the two countries.
Industry veterans including the former CEO of Inditex and the co-founder of Adolfo Domínquez are joining Bimba y Lola's first-ever board of directors. Brand co-founder Uxía Domínquez will act as chair.
Burberry’s Q3 update offered further signs of the strength of the firm’s growth strategy. It had “a good quarter” and “continued to shift consumer perceptions of our brand and align the network to our new vision”.