As early as 2021, L Catterton partners Michael Farello and Jonathan Owsley had personally invested $2.6 million in Dibs Beauty.
Vince stated that its net sales for the 2022 fiscal year increased by 10.8% YoY to $357.4 million.
According to the terms of the transaction, WHP Global will acquire the Bonobos brand for $50 million, while EXPR will acquire Bonobos’ operating assets for $25 million and assume related liabilities.
Upwell Cosmetics’ motto is “Sea Forward” because the founders believe that the future of sustainable ingredients and materials lies in the ocean. This motto expresses the company’s commitment to valuing and utilizing ocean resources in a sustainable manner.
Procter & Gamble Co. has decided to discontinue its beauty tech brand Opté and shift focus to other brands that have already entered the market.
PLBY Group has decided to sell its subsidiary brand Yandy and refocus on its flagship brands, Playboy and Honey Birdette.
Levi Strauss & Co. has released its financial data for the first quarter of fiscal year 2023, ending on February 26, 2023.
The restructured company plans to raise $670 million through the sale of new shares after exiting bankruptcy proceedings and become a privately held company.
The acquisition agreement is contingent on a debt relief package of $690 million.
Matter of Fact advocates for simplified skincare and develops clinically validated formulas using researched ingredients.
