Fashion > Men

Blackstone to acquire majority stake in Supergoop

29 days ago   |   By

Image: Supergoop
Beauty
Blackstone Growth has announced a majority stake in sunscreen beauty brand Supergoop, which will be used to invest in innovation and marketing.
Supergoop, founded by former teacher and skincare industry pioneer Holly Thaggard, has reported tremendous growth over the past five years and has become one of the first protective skincare brands that put SPF at the forefront.
Thaggard launched the brand in 2005 after a friend was diagnosed with skin cancer, and made it her mission to develop highly innovative dermatologist-approved, clean-ingredient SPF products that feel...
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Footwear brands see opportunity for growth in US market

29 days ago   |   By

Image: Nike
Nike this week saw a surge in sales in its home and largest market, North America, reporting 12 percent growth in the second quarter. The reopening of the U.S. economy and the roll out of vaccine gave people confidence to splurge on sneakers for running and hiking.
It is indicative of a buoyant market in the US and footwear companies are taking note as sales in China and other markets are seeing slower growth.
U.S. consumers have returned to working, socialising and exercising outside of their homes, leading to a revival in footwear sales following stay-at-home orders in 2020...
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