The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
Offering a range of sanitary products made from organic cotton, Lola was founded in 2014 as consumers increasingly sought out personal care products with claims around natural ingredients and formulas.
Since then, the period care space has gained more competitors. In January, holding company Compass Diversified announced it had acquired The Honey Pot, which makes plant-derived sanitary products in a deal worth $380 million. Other challengers include Dame and Daye.
Lola, like many other period care brands, subsequently expanded to offer sexual wellness products, and signed a deal to enter Walmart in 2020.
The Lola deal was quietly finalised in December.
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Forum Brands, which also owns digital-first companies in pet care, health and wellness, declined to comment on financial details of the transaction.
Chief executive officer Amy Fisher has departed the brand, Forum said.
The brand will now be led by general manager Kelly Murphy. In an email to The Business of Beauty, Forum Brands said immediate priorities include growing Lola’s omnichannel footprint.
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What had once been a nimble, innovative company, became slow-moving and cautious causing it to miss out on what is now a strong beauty market because it retreated precisely when rivals went all in.
According to an email viewed by The Business of Beauty, the company will be on hiatus while it establishes a sustainable path to return as a new company.
The surfing legend, a vocal opponent of chemical-based sun protection, is launching his own line of natural skincare products this week.