Reformation Valued at $886 Million in NYSE Debut
The Permira-backed womenswear retailer and some of its shareholders had raised $211 million in its IPO on Wednesday, with shares opening at $15 apiece.
investment
Technology
How Investors Fell Back in Love With Fashion Tech
With the rise of AI, Silicon Valley is going all in on a new generation of startups that promise to radically change how products are made and sold. This time, they’re backing founders with tech chops and are more patient in helping them grow.
How Investors Fell Back in Love With Fashion Tech
With the rise of AI, Silicon Valley is going all in on a new generation of startups that promise to radically change how products are made and sold. This time, they’re backing founders with tech chops and are more patient in helping them grow.
Retail
Dôen Raises Series A Funding Led by Silas Capital
The funding round marks the first time the Los Angeles-based womenswear brand raised outside capital after its initial $1 million seed round. The new capital will go towards its retail expansion.
Dôen Raises Series A Funding Led by Silas Capital
The funding round marks the first time the Los Angeles-based womenswear brand raised outside capital after its initial $1 million seed round. The new capital will go towards its retail expansion.
Technology
Outdoor Voices’ Founder Raises Series A for New Start-Up
Ty Haney’s social shopping platform Try Your Best, which counts Rare Beauty and Glossier as clients, raised an $11 million Series A as brands rev up their community building strategies.
Outdoor Voices’ Founder Raises Series A for New Start-Up
Ty Haney’s social shopping platform Try Your Best, which counts Rare Beauty and Glossier as clients, raised an $11 million Series A as brands rev up their community building strategies.
Beauty
Beauty’s Hottest New Trend: The Founder Buyback
Original influencer Huda Kattan has regained majority ownership of her namesake beauty brand and sent a message to the greater industry: When it’s time to course-correct, you need your best driver.
Beauty’s Hottest New Trend: The Founder Buyback
Original influencer Huda Kattan has regained majority ownership of her namesake beauty brand and sent a message to the greater industry: When it’s time to course-correct, you need your best driver.
Beauty
Wonderskin Secures $50 Million Series A Round
Known for its TikTok-viral lip stain, the UK and US makeup brand has received an influx of cash from VC firm Insight Partners, known for its investments in Quince and Prose.
Wonderskin Secures $50 Million Series A Round
Known for its TikTok-viral lip stain, the UK and US makeup brand has received an influx of cash from VC firm Insight Partners, known for its investments in Quince and Prose.
Sustainability
Lab-Grown Leather Startup Faircraft Acquires Kering-Backed VitroLabs
VitroLabs’ primary assets are 30 patents that Faircraft said would strengthen its capacity to commercialise a technology that has been tricky to bring to market.
Lab-Grown Leather Startup Faircraft Acquires Kering-Backed VitroLabs
VitroLabs’ primary assets are 30 patents that Faircraft said would strengthen its capacity to commercialise a technology that has been tricky to bring to market.
Luxury
Mytheresa Finalises YNAP Acquisition
The combined companies will start trading under the name LuxExperience on the New York Stock Exchange by May 1.
Mytheresa Finalises YNAP Acquisition
The combined companies will start trading under the name LuxExperience on the New York Stock Exchange by May 1.
Beauty
Sexual Wellness Start-Up Dame Acquires Chakrubs
The deal marks Dame’s second acquisition in the last year as the $125 vibrator seller seeks to grow market share in the sexual wellness sector.
Sexual Wellness Start-Up Dame Acquires Chakrubs
The deal marks Dame’s second acquisition in the last year as the $125 vibrator seller seeks to grow market share in the sexual wellness sector.
Direct-to-Consumer
True Classic Secures Investment From 1686 Partners
The men’s T-shirt maker’s funding from 1686 Partners, a private equity firm founded by David Wertheimer, will help the brand invest in supply chain, retail and international expansion as it aims to reach upwards of $1 billion in annual sales in the next 10 years.
True Classic Secures Investment From 1686 Partners
The men’s T-shirt maker’s funding from 1686 Partners, a private equity firm founded by David Wertheimer, will help the brand invest in supply chain, retail and international expansion as it aims to reach upwards of $1 billion in annual sales in the next 10 years.
Beauty
LYS Beauty Secures Eight Figure Series A Investment
The round of funding was led by Encore Consumer Capital, the US-based firm that is banking on the Black-owned clean makeup label becoming the next Tarte.
LYS Beauty Secures Eight Figure Series A Investment
The round of funding was led by Encore Consumer Capital, the US-based firm that is banking on the Black-owned clean makeup label becoming the next Tarte.
Sustainability
A $300 Million Bet That Sustainability Will Sell
Suzy Amis Cameron’s new venture Inside Out aims to develop a ‘planet positive’ conglomerate with investments in brands, innovation and infrastructure.
A $300 Million Bet That Sustainability Will Sell
Suzy Amis Cameron’s new venture Inside Out aims to develop a ‘planet positive’ conglomerate with investments in brands, innovation and infrastructure.
Beauty
Can a Cult Perfumer Go Global?
Following its acquisition by Manzanita Capital last year, Brooklyn-based fragrance brand D.S. & Durga must balance its grassroots appeal and devoted following with the demands of worldwide distribution.
Can a Cult Perfumer Go Global?
Following its acquisition by Manzanita Capital last year, Brooklyn-based fragrance brand D.S. & Durga must balance its grassroots appeal and devoted following with the demands of worldwide distribution.
The News in Brief
Puig Reports First-Half Revenue Growth After Estee Lauder Talks End
The Spanish beauty company reported first-half revenue growth on strong demand for makeup from Charlotte Tilbury.
Canada Goose Beats Revenue Estimates as Demand Holds Up
The outerwear brand beat expectations for first-quarter revenue, but new US tariffs on Canadian could affect future earnings.
Steven Madden Tops Expectations and Lifts Full-Year Outlook
The retailer raised its full-year revenue forecast again as its integration of luxury brand Kurt Geiger last year provided a tailwind.
Reformation and Its Backers Raise $210.9 Million in IPO
The womenswear brand and shareholders including private-equity backer Permira raised new funds in an IPO that priced shares at the bottom of the marketed range.
Adidas Shares Plunge After World Cup Spend Dents Profit
Shares in the company fell the most on record after its marketing outlay for the World Cup resulted in lower-than-expected quarterly profit.
British Fashion Council to Boost UK Fashion Beyond London
The new national initiative, Fashion Britain, aims to increase growth, innovation and participation in the industry across key cities.
Hermès’ Chief Watches China’s Pork Prices to Gauge Luxury Demand
When it comes to gauging the possibility of a sales rebound for his luxury group in China, Hermès executive chairman Axel Dumas turns to an unusual metric.