The Indicator | May 3rd, 2024

By Sonal Gandhi
Chief Content Officer at The Lead

In collaboration news this week, FKA Twigs is a creative partner for On’s new line of apparel while Tag Heuer and Kith partner to bring back a vintage watch collection from 1986. And Microsoft is partnering with Estée Lauder on a new AI innovation lab. Talking of tech and brand partnerships, The Lead Summit in NYC on July 10 and 11 features a forum for innovation stakeholders – investors, tech leaders, startups and brands – to discuss how to collaborate and co-create for the benefit of the industry. Join us.

'Happenings'

'INNOVATION MOVES'

  • Nordstrom is the latest major retailer to launch a marketplace as it leans into its e-commerce business. The company has carefully selected its marketplace brand partners which include MulberryAdore Me, Cynthia Rowley, and DXL. (Retail Dive

  • Estée Lauder and Microsoft have teamed up to open an artificial intelligence innovation lab designed to use generative AI across Estée’s more than 20 beauty brands, including CliniqueMac Cosmetics and namesake Estée Lauder. The lab will develop tools that help internal teams more quickly identify and respond to trends and use that data to inform product development and improve customer experiences. (Vogue Business)

  • Tag Heuer and Kith have bought back TAG Heuer Formula 1 Series 1 watches from 1986 for the first time. The 10 colorways of the limited-edition Formula 1 watch run will drop on Friday at Kith’s Miami store, ahead of the city’s Formula 1 race. (WWD)

  • Sneaker brand On to launch a new line of training apparel and footwear with the British musician, FKA Twigs. (Business of Fashion)
  • Urban Outfitters is remaking its vintage and secondhand offerings into a new program called Vintage + Remade. Urban Outfitters online store will introduce two new sections – Vintage: authentic vintage finds, discovered and curated into limited-edition collections and Remade: a new category focused on items that have been repaired, restored by Urban Outfitters’ product team and new products made from deadstock fabric. (Glossy)

  • Dolce & Gabbana Beauty is expanding to the U.S. via an exclusive retail partnership with Saks Fifth Avenue, where a collection of 11 products sold on Saks.com and in select Saks Fifth Avenue stores. The brand which brought beauty in house in 2022 hopes to have $300 million in product sell-out in 2024. (Glossy)

A MESSAGE FROM OUR PARTNER

Outerspace 3PL fuels high-growth brands with cost-effective, enterprise-level omni-channel fulfillment, delivering reliable post-purchase customer journeys. With 1MM SF of bicoastal warehouse space, we combine stability and scalability with high-touch services for customer acquisition and loyalty.

'Financial Moves'

  • L’Occitane went private via a $1.8B capital infusion from Blackstone and Goldman Sachs.

  • Edgard and Cooper (a pet food brand backed by The Craftory) was acquired by General Mills.

  • Mented Cosmetics (beauty products) was acquired by West Lake Capital Partners.

  • Ansa (branded virtual wallets) raised $14M from Renegade Partners.

  • FindMine (retail SaaS platform backed by LVMH) raised $8.9M from Grayhawk Ventures.      

  • Baxus (collectible liquor marketplace) raised a $5M Seed round from Multicoin Capital.

  • Xtended Identity” (“Phygital” Fashion) popular with famous musical names (Grimes) raised  $400,000 pre-seed.

Financial Moves Powered by MMG Advisors

'Career Moves'

Career Moves Powered by JBC 

PRESENTED BY —

 

Suggested Reading

The Indicator | July 18, 2024

The Indicator | July 18th, 2024 By Sonal GandhiChief Content Officer at The Lead Sports collaborations continue to trend as Chubbies releases its first collection with Team USA just in time for the 2024 Summer Olympics (the first in a multi-year deal) and New Balance establishes its own

Read More

The Indicator | June 28, 2024

The Indicator | June 28th, 2024 By Sonal Gandhi Chief Content Officer at The Lead Brands and retailers are testing new ways of improving loyalty beyond discounts – Footlocker is allowing customers to use points on boosting their chance of winning exclusive access while New Balance is using

Read More