THE WHAT? Beauty and wellness platform Fresha has raised some US$100 million in a series C funding round led by General Atlantic with strategic participation from Huda Kattan. THE DETAILS The booking platform for beauty and wellness services has amassed a base of some 50,000 partner venues across the US, UK, Canada, Australia, New Zealand…
THE WHAT? Inditex has reported a sales increase of some 50 percent in 1Q21 to €4.9 billion versus the prior year quarter with May sales above 2019 levels, indicating that consumption has bounced back after the pandemic shuttered stores. THE DETAILS The Spanish owner of Zara and Bershka saw gross margin grow a robust 59.9…
THE WHAT? The Estee Lauder Companies has been named as lead investor for a US$3 million seed funding round for beauty start-up Faculty, according to a report published by Essence. THE DETAILS The modern grooming brand aims to dismantle gender constructs. The range comprises nail lacquer aimed at men and launches of concealer and moisturizer…
THE WHAT? Boots has been named as the first official ‘feel good’ partner and exclusive beauty partner of ITV hit show Love Island. THE DETAILS As part of the partnership, the UK-based pharmacy chain will stock the villa with beauty, skin care, sun cream and male grooming products. The WBA-owned retailer will launch a 360-creative…
THE WHAT? Helen of Troy has announced that it has sold its mass market personal care business to HRB Brands for US$44.7 million in cash. The sale excludes the Latin America and Caribbean regions. THE DETAILS The deal includes an option for HRB Brands to purchase the remaining territories by the end of fiscal year…
THE WHAT? Hong Kong’s Customs and Excise Department has seized a cache of luxury goods worth some HK$120 million from smugglers, according to a report published by France24. THE DETAILS The haul comprised watches, fashion accessories, cosmetics, alcohol and cigars, among others and was captured as part of it was being loaded on a speedboat….
