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-Latest Financing -
Brand aggregator OpenStore completed a $32 million financing
Picture source: Brand official
Recently, American brand aggregator OpenStore raised $32 million in a new round of financing led by Lux Capital, and investors include Atomic, Founders Fund, General Catalyst and Khosla Ventures. The current total valuation is US$970 million.
OpenStore was founded in 2021 and mainly acquires the US DTC brand with a total sales of between $1 million and $10 million. Since its establishment 18 months ago, OpenStore has acquired dozens of brands with revenue of tens of millions, such as JackArcher, Yogaste and Wearva.
Editor's comment:
Although the big industry has encountered a cold wave, OpenStore has achieved significant growth and its team size has doubled, which is enough to prove its brand value. Perhaps this is an important reason why capital invests in it.
Indian DTC perfume brand Nirmalaya received seed round financing
Picture source: Brand official
Recently, Indian DTC natural perfume brand Nirmalaya received seed round financing of US$800,000, led by Artha Venture Fund, DotIn Network and other famous angel round investment funds participated. This round of funds will be used for product upgrades and brand influence.
Nirmalaya is a mainstream brand known for its pure, carbon-free and long-lasting fragrance, mainly sold in multiple countries.
Editor's comment:
Although the domestic perfume market in India accounts for a small proportion of the global perfume market, its growth rate is relatively high. And with the economic recovery, the demand for personal care and hygiene has increased, driving the growth of perfume purchasing power. This provides Nirmalaya with good development opportunities, and the brand will quickly increase its popularity after financing.
New consumer enterprise Weinian Investment Liuluoxiang
Picture source: Qichacha
Qichacha Information shows that recently, Weinian ( Guangxi Weinian Industrial Co., Ltd. ) added new investment information, and the investment target is Guangxi Liuluoxiang Food Technology Co., Ltd. , with a shareholding ratio of 10%.
As a leading enterprise in snail noodles , Weinian has a full industrial chain layout from raw materials to factories, technology research and development to production applications, brand building to promotion and sales. Liuluoxiang is a leading offline catering brand of snail noodles, with more than 1,500 stores.
Editor's comment:
Li Ziqi One year after leaving, Wei Nian seized the opportunity and accelerated the layout of offline channels. This investment also means that Weinian officially plans to the offline market of snail noodles by creating a catering ingredient supply chain platform .
-acquisition trends-
Lalili Group acquires Zurich silk brand Fabric Frontline
Picture source: Brand official
A few days ago, Swiss luxury goods group LALIQUE ( Lalili ) announced the acquisition of Zurich silk brand Fabric Frontline. The transaction amount has not been disclosed and is expected to be completed in the first quarter of 2023.
Fabric Frontline was founded in 1980 and focuses on the production of high-end silk accessories and is known for its traditional printing process and Italian high-quality fabrics. Customers include Hermes , Chanel , Dior , NinaRicci and Vivienne Westwood.
Editor's comment:
In recent years, Fabric Frontline's operating conditions have been deteriorating. After this transaction, Lalili Group intends to join forces with other brands to reverse the situation of Fabric Frontline. Let's wait and see if Fabric Frontline can be reborn.
-Brand News-
Wahaha Cross-border Daily Chemical
Picture source: Brand official
Recently, Wahaha disclosed a number of beverage products at the mid-year meeting, including Wahaha daily chemical products. This time, Wahaha's cross-border direction is personal care, which specifically includes children's toothpaste , adult toothpaste, laundry beads , etc.
is different from traditional daily chemical products. Some daily chemical products in Wahaha use food raw materials formulas, making the ingredients safer. Taking children's toothpaste as an example, the product is selected for plant-based raw materials, with probiotics and AD calcium, which has a fresh taste, including three flavors: orange , strawberry , and milk.
Editor's comment:
On the road of diversified layout, Wahaha has also tried children's clothing, liquor, infant milk powder and even real estate projects. Although these investments have little effect, Wahaha still has not stopped its pioneering pace, and this courage is worthy of praise.
Starbucks The number of stores in China has exceeded 6,000 in
Picture source: Brand official
Recently, Starbucks opened the 6,000th store in mainland China. The store is a certified green store, and comprehensively applies leading sustainable retail and digital operation solutions.
With the opening of the store, Shanghai became the world's first city with a number of Starbucks stores exceeding 1,000. In addition, the store’s first urban theme limited drink “Shanghai Coffee” will be launched in the city starting from September 28.
Editor's comment:
from 1 to 6000, every Starbucks store is by no means a simple copy, but out of understanding and embracing local culture. The opening of the 6000th store in mainland China will bring more interaction to the city and community through diversified concepts such as green and sustainable, the beauty of intangible cultural heritage, and co-creation space.
-Personnel Changes-
United Liva CEO will retire
Image source: Brand official
A few days ago, Univa officially announced the timetable of CEO departure: CEO Qiao'anlu (Alan Jope) has notified the board of directors that it intends to retire at the end of 2023 after five years in the position. After the above information was released, Unilever's stock price rose for a while and then fell.
At present, the Unilever board will set out to formally find a successor and consider internal and external candidates. However, the company did not provide successor standards and corresponding timetables for announcing candidates.
Editor's comment: Although
has been CEO for only four years, Qiao Anlu has made many impressive moves, such as divesting the tea business where Lipton is located, etc. Qiao Anlu resigned this time, leaving enough time to find a successor, but it is still unknown whether he can find a suitable candidate as scheduled.
-Brand new-
Boutique tea brand "T9" launches a new autumn limited product
Picture source: Brand official
Recently, the boutique tea brand "T9" announced the launch of two new autumn limited products: osmanthus matcha tea latte and British pear (hot drink). The new products are currently on the market.
Osmanthus Matcha Tea Latte uses Zhengshan Xiaozhong , paired with Isuzu Matcha, which combines fresh milk, and is silky and has the sweetness of osmanthus; British pears use the lightly fermented fragrance Tieguanyin as the tea base, and add bergamot citrus to make the aroma, bringing a full and moist taste to the drink.
Editor's comment: The intra-roll of the new tea drink brand of
continues to be promoted to new products. Whether personalized and attractive products can be launched has become the brand's new standard. The two autumn limited editions of "T9" are quite eye-catching, and I believe they can win the favor of consumers.
-Fashion Trend-
Luxury Car Brand Ferrari Release 2023 Spring and Summer Fashion Series
Image Source: Brand Official
Recently, Italian luxury car brand Ferrari released the new 2023 Spring and Summer Men's and Women's Fashion Series, sublimating the brand's unique vision and surging enthusiasm to a new realm.
This time, Ferrari set up the third season fashion show at the Teatro Lirico, Milan. Through this stage that interprets the various aspects of life, it metaphors the brand's people-oriented design concept. At the same time, the creative director uses the ever-evolving aesthetic language to tell the dream of jumping into the horse.
Editor's comment:
As the world's top luxury car brand, Ferrari's every move will attract huge attention from both inside and outside the industry. Previously, the brand had officially entered the field of high-end fashion and opened a new chapter in brand diversity. This fashion show once again verified its steady pace in the fashion field.
" Balenciaga " x "GAP" co-branded series officially released
Picture source: Brand official
Recently, the fast fashion brand "GAP" announced that the "YZY GAP" series created by the luxury brand "Balenciaga" was officially released.The new series includes products such as sweatshirts.
This series focuses on three colors: gray, black and blue, and has a very high design matching. Domestic users can purchase it at the Shanghai Nanjing West Road brand flagship store.
Editor's comment:
is a joint series. With the joint design, YZY GAP has both consumer goods, luxury goods and popular stars, so it naturally attracts more attention. I believe it will still be sold out quickly this time.
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