Co-founders and partners Matthew Growney and Eric Lepleux | Fabulous Brands
Money

Meet Fabulous Brands: A growth capital firm addressing the “capitalization gap” for modern luxury upstarts.

Having just come out of stealth, and with investments in Naadam and True Botanicals, Fabulous Brands is a new $50M fund that’s aiming to provide the growth capital young brands need to get from $5M to $50M in eighteen months.

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$261M worth of pedal power | Rapha
Money

Rapha’s buyout by Walmart heirs marks the first M&A deal for an activewear brand in the modern luxury category.

Rapha’s $261M purchase by Walmart heirs Steuart and Tom Walton puts an end to an ‘on again, off again’ sale saga that stretched across nine long months.

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Clever messaging from CEO David Sobie and team | Happy Returns
Retail

With “Return Bars” and “Returnistas”, Happy Returns is eliminating the hassle of returning online orders by mail.

Happy Returns is a new upstart that’s addressing a new need in today’s e-commerce driven world: Rather than doing returns by mail, customers are able to drop off their online returns at a Happy Bar, and Happy Returns handles the rest.

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Solving problems in the nude | Heist
Business

The Nude Project: Heist to crowdsource a skin-tone color palette index, with free and open access to all companies.

Perhaps the most astonishing revelation about nude undergarments and apparel is that, compared to, say, the cosmetics industry – of which there’s an overabundance of nude options – in clothing, there are only a handful.

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Hot off the presses | Monocle
Launches

Scoop: Monocle to release new weekly newspaper on select shelves this August.

We’d heard rumors for several months that a new weekly by the publisher was in the works. In Berlin, editors Andrew Tuck and Tyler Brûlé revealed what they’ve been working on these last few months.

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The new Argent store taking over Kit and Ace's former location in DC | Popville
Retail

Report: Landlords, burned by Kit and Ace, turn to small luxury brands to fill short term leases.

Lean Luxe has learned that landlords, while they search for long term tenants, are warming up to short term leases with smaller modern luxury brands who’ve been scrappy enough to pitch them on these spaces.

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From left to right: Brûlé, Fehnert, Harris, McNally, and Haouache debate. | Lean Luxe
Retail

‘The Future of Retail’: Highlights from the best panel at last month’s Monocle conference in Berlin.

In Berlin, Storefront’s Mohamed Haouache, Perfumer H’s Lyn Harris, and Sarah McNally of McNally Jackson brought the house down in a cracking, back-and-forth debate on what the future holds for high-end retail.

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Vello's integrated lighting system | Vello
Business

On our radar: Vello folding bikes, found at last month’s Monocle conference in Berlin.

Several compelling brands and businesses were put on our radar at the Monocle conference in Berlin last month, but it was Austrian cycle enterprise, Vello, that stayed top of mind for us.

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Mark Cho | Mark Cho
Business

The Armoury CEO Mark Cho on modernity, brand building, and acquiring Drake’s of London.

Armoury founder Mark Cho’s projects are characterized by a ravenous, curious, and detail minded approach, fueled by constant travel between New York, London, Hong Kong, and Tokyo.

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Goop, for one, has flourished by thinking customer-first | Goop 
Subscriber Comment

Ana Andjelic: Legacy retailers define strategy in competitive terms. Retail upstarts define it in terms of their customer.

To successfully compete in today’s customer-first context, retailers have to start thinking beyond incremental innovation. They must become comfortable with new models that cannibalize their business as it is right now.

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