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.
Wishcare, an India-based haircare and skincare brand has raised 20 Rs crore (about $2.5 million) from Unilever Ventures in its first funding round.
The three founders of Wishcare, Stuti Kothari, Ankit Kothari and Ayush Kothari, say the funds will go towards research & development, diversifying the brand’s product portfolio, and entering new markets, as well as building on its domestic base.
The brand sells via domestic mega players Nykaa and Purplle, as well as on Amazon and direct to consumers.
Through its corporate venture capital arm, Unilever is making a play for a stake in the Indian market, considered to be one of the biggest emerging markets for beauty.
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Reliance Retail to Take Over Sephora India
As part of the partnership with LVMH-owned Sephora, Reliance Retail will take over the operations of Sephora’s 26 stores from Arvind Fashions Limited.
The inclusive label had struggled to capitalise on its early success, and recently faced customer complaints about failing to ship orders. New owner MacArthur Beauty is hiring a new team to run the brand and says “no one will be left high and dry,” but founder Sharon Chuter said she intends to challenge the sale.
Join us for a BoF Professional Masterclass that explores the topic in our latest Case Study, “How to Launch and Grow a Hero Product”.
Under eye patches make their case for out of the house attire, and Sofia Richie Grainge plots a beauty line.
A new Re-Nutriv launch from its namesake brand suggests a greater interest in the upper echelons of beauty.