Fashion and beauty start-up valuations appear to have stabilised after plunging last year, though it may be months or even years before many return to their old highs — if they ever do. But there are ways for emerging and established players to ride out the downturn.
Instead of emulating the face-paced growth favoured by their predecessors, Gen-Z-centric fashion and beauty start-ups are taking a steadier approach to brand-building.
A growing number of direct-to-consumer brands have found a winning retail formula by putting a modern spin on routine services such as piercings and eye exams.
Case Studies & Reports
The buzzy, Gen-Z-founded intimates start-up, announced on Tuesday that it is set to be acquired by Ariela & Associates International, which owns the licence to Fruit of the Looms’ bra line. Terms of the deal were not disclosed.
Warby Parker reported another quarter of growing sales and profit. The eyewear maker’s revenue grew 11 percent to $166 million in the second quarter of the year, and it generated $14 million in adjusted earnings before interest, taxes, depreciation and amortisation, up from $6 million a year earlier.
Allbirds on Tuesday reported a smaller-than-expected revenue dip in the second quarter. The company’s sales fell 10 percent year over year to $71 million.