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African Designer Platform The Folklore Raises $3.4 Million
The seed funding round was led by venture capital firm Benchstrength and included participation from investors Techstars, Black Tech Nation Ventures and Slauson and Co. …
Korean Fashion E-tailer Musinsa Posts $733 Million in Annual Revenue
The KKR-backed company has reported a 40.2 percent growth in annual revenue to 993.1 billion won for the 2023 fiscal year. EBITDA for the year …
The Body Shop Owed More Than £276 Million to Creditors at Time of Collapse
The Body Shop’s UK arm owed more than £276 million to creditors including landlords, suppliers, tax authorities and its international divisions when the ethical beauty …
Clariant Completes $810 Million Acquisition of Lucas Meyer Cosmetics
Clariant acquired Canada’s ingredients and cosmetics maker from International Flavors & Fragrances. Share This Article
Allies Of Skin Secures $20 Million Investment
Premium skincare line Allies Of Skin announced a $20 million investment round on Mar. 26 with the funds earmarked for a wide US expansion. It’s …
Selena Gomez’s Rare Beauty Exploring an IPO or Sale as Net Sales Cross $400 Million
Rare Beauty is exploring growth options to sell the brand or hold an initial public offering, The Business of Beauty has learned, setting up what …
CVC’s Beauty Chain Douglas Sets Terms for $991 Million IPO
German perfume retailer Douglas aims to sell as much as €907 million ($991 million) of stock in its initial public offering, as owner CVC Capital …
Carlyle Launches Sale of Japanese Cosmetics Supplier Tokiwa in $800 Million Deal, Sources Say
Private equity firm Carlyle Group has begun the sale process of Japanese cosmetics supplier Tokiwa Corp in a deal that could value the company at …
Investment in Next-Gen Materials Rebounded to $500 Million in 2023
Start-ups developing new sustainable materials like plant-based or lab-grown leathers, silks and furs raised $500 million in 2023, up nearly 10 percent from a year …
Famille C Participations Invests €130 Million in Luxury Hotelier
Famille C Participations, the investment company owned by the Courtin family, announced on Tuesday that it has made a €130 million ($141 million) investment to …
BuzzFeed Sells Complex for $108.6 Million
Less than two years after BuzzFeed acquired Complex, the streetwear-focussed media and events company, itâs being sold again. This time, itâs to Ntwrk, a company …
Pangaia’s Net Losses Surpassed $50 Million in 2022
Pangaia, once one of fashion’s hottest start-ups, saw its net loss mount to $50.4 million in 2022, according to public filings. Sales at the company, …
Revolution Beauty Agrees $3.6 Million Settlement With Co-Founder Minto
Revolution Beauty said on Monday that co-founder and former CEO Adam Minto would pay £2.9 million ($3.66 million) as part of a settlement deal to resolve …
Hair and Scalp Line Jupiter Secures $3 Million Funding Round
Funding was previously raised in a 2019 pre-launch round, with additional rounds in 2021 and 2022. Founded in 2020 by Robbie Salter and Ross Goodhart, …
Ultra Violette Secures AUD $15 Million Investment From Aria Growth Partners
This marks the first time the Australian sun care brand has sought outside investment, since its launch in 2019. The investment is in partnership with …
VF Corp’s Cyber Incident Causes Data Breach of 35.5 Million Consumers
Vans sneaker maker VF Corp said on Thursday the cyber incident that hit the company in December led to a breach of personal data of …
Zara Founder Ortega Buys Dutch Warehouse Leased to Primark for $110 Million
Spanish billionaire Amancio Ortega has bought a logistics centre in the Netherlands currently used by rival British fashion retailer Primark for 110 million euros ($121 …
Kering Backs Biomaterials Company Mogu in $12 Million Funding Round
French luxury group Kering’s venture investment arm has joined Italian biomaterials start-up Mogu’s latest funding round. The €11 million ($12 million) series A was led by …
Launchmetrics Sold to France’s Lectra at $200 Million Valuation
Lectra, a French software and equipment company best known for its leather cutting solutions, will acquire a majority stake in fashion data consultancy Launchmetrics, the …