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.
A franchiser has acquired the rights to the license for the Los Angeles-based chain of blowout salons, which came to prominence in the mid-2010s and now has 114 locations nationwide. Drybar Holding, LLC — still a separate entity — will remain responsible for operating 87 locations.
After raising over $50 million in funding to open more salons and launch a product line, Drybar Holding sold its trademark to licenser Helen of Troy in 2020 for $250 million. With this latest transaction, of which the financial details were not disclosed, WellBiz Brands owns the license to all DryBar physical locations. (Helen of Troy still owns and distributes the product line.)
Founded in 2010, Drybar was an early leader in an effort to scale niche beauty and wellness services. In the past, most nail salons and fitness studios were small, boutique businesses. But Drybar founder Alli Webb, along with the founders of cycling studio SoulCycle and others, saw an opportunity to McDonald-ise the model, making the services easily accessible and more affordable. Webb in particular was capitalising on increased demand for blowouts sans-haircut.
However, the impact of the pandemic on in-person services, combined with a low-margin business model, have made it difficult for some to continue to scale. WellBiz Brands also owns fast-casual eyelash salon Amazing Lash Studio, studio Fitness Together and Elements Massage.
The Los Angeles-based accessories label has been a well-kept secret in the industry, but founders Yang Pei and Stephanie Li are hoping to change that through new acquisitions, opening brick-and-mortar stores and using AI to speed up the design and production process.
Designer Carly Mark sparked conversation about what it takes to make it as an emerging designer in New York when she announced she was shutting her ready-to-wear line and moving to London. On Thursday she held her last sample sale.
To stabilise their businesses brands are honing in on what their particular consumer wants to buy, introducing new categories and starting conversations.
That’s the promise of Zellerfeld, a 3D-printing partner to Louis Vuitton and Moncler that’s becoming a platform for emerging designers to easily make and sell footwear of their own.