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April 2023

27 Apr

Thom Browne Now Primarily a Retailer as Store Rollout Continues

Thom Browne Now Primarily a Retailer as Store Rollout Continues
“We’ve turn out to be a retailer.” That’s how Rodrigo Bazan, chief executive officer of Thom Browne, described the brand’s positioning now. With the opening of its 103rd retail location this week in Boston, a lot of the luxury designer brand’s sales come from its own direct-to-consumer efforts. Consequently, the strategy is to proceed rolling out retail with a goal to grow to 115 stores by the top of this yr and 150 inside 4 to 5 years, he said. This count includes company-owned freestanding flagships in addition to in-store shops. At the top of the primary quarter, there have been 62 stand-alone stores, in accordance with Ermenegildo Zegna Group, the brand’s majority owner. Although Thom Browne relies within the U.S., the corporate only...
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27 Apr

Ceremonia Raises $10M in Series A Led by Sandbridge

Ceremonia Raises M in Series A Led by Sandbridge
Babba Rivera is used to moving fast — but now she’s going into overdrive.   Ceremonia, the Latinx clean hair care brand Rivera launched in 2020, has raised $10 million to support its recent expansion to greater than 500 Sephora stores with a series A investment round led by Sandbridge Capital. That has the buzzy brand working with an investment firm that’s proven to have a knack for large exits with Ilia (sold to the Courtin-Clarins family holding company), Youth to the People (L’Oréal) and Thom Browne (Ermenegildo Zegna). Existing Ceremonia investors Silas Capital and Female Founders Fund also re-upped through the round. “We’re in no way chilling out,” Rivera, who leads the corporate as chief executive officer, told WWD. “The work begins now...
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