Weekly Round Off With HTE 🔙✨
🌟 Hey there, dear readers! It's that time of the week again when we gather around to catch up on the latest and greatest in the Direct-to-Consumer (DTC) world. 🚀
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Welcome back to another exciting edition of our DTC (Direct-to-Consumer) Insider newsletter. 📰 Our mission: to serve you the freshest news and insights straight from the heart of the DTC universe. 💡 With every update, we're arming you with the knowledge to be the smartest one in the room. 🤓
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Exclusive: Buyout firm L Catterton approaches Mattel with acquisition offer, sources say
Manna Tree Takes Controlling Interest in Verde Farms, Positioning Leader in Organic, Grass-Fed Beef for Accelerated Growth
BIBBI Parfum Secures Investment To Fuel Global Growth
Deckers Brands Reports First Quarter Fiscal Year 2025 Financial Results
Exclusive: Buyout firm L Catterton approaches Mattel with acquisition offer, sources say
22 July 2024, Reuters
L Catterton, a private equity firm backed by LVMH, has made an acquisition offer for Mattel, the maker of Barbie and Hot Wheels. This move may spur rival Hasbro to consider a bid, despite previous failed merger talks between the two toy giants. Mattel, currently valued at $6.5 billion, saw a 20% stock surge after the news, while Hasbro's shares rose 4%.
Despite recent media success like the Barbie movie, Mattel has faced challenges, with shares dropping 23% over the past year. The company is exploring changes amid weak sales and pressure from activist investor Barington Capital. Meanwhile, Hasbro focuses on streamlining operations and maintaining steady digital gaming revenue.
A potential merger between Mattel and Hasbro could unlock significant value but might face antitrust hurdles. 🎥🔧
Manna Tree Takes Controlling Interest in Verde Farms, Positioning Leader in Organic, Grass-Fed Beef for Accelerated Growth
23 July 2024 PR Newswire
Manna Tree, a global private equity firm, has acquired a controlling interest in Verde Farms, a leader in organic, 100% grass-fed beef. This investment aims to expand Verde's presence in the rapidly growing "better-for-you" (BFY) beef market, which is outpacing conventional beef sales. Verde Farms, known for its sustainable and nutrient-dense products, aligns with Manna Tree's mission to promote healthier living through better food choices 🌱. With a 14% growth in the BFY beef sector and Verde's strong market performance, the partnership seeks to scale operations and innovate new products. Verde's founder, Dana Ehrlich, will step back, while CEO Brad Johnson and the team will continue to lead the company's growth 🚀
BIBBI Parfum Secures Investment To Fuel Global Growth
25 July 2024, The Industry Beauty
BIBBI Parfum has received investment from Fable, the venture arm of Natura & Co, and JamJar Investments to fuel its global growth 🌍 and innovation. This funding will also support team development and product advancement. Co-founders Stina Seger and Jan Vilhelm Ahlgren expressed excitement about the partnership, highlighting the synergy between Fable's industry expertise and JamJar's entrepreneurial spirit 💼. BIBBI Parfum, known for its unique scents inspired by Seger's subconscious and meditative state, aims to offer a novel fragrance experience. Thomas Buisson and Sophia Sun from Fable praised the brand's depth and strong identity, while JamJar's Richard Reed and Emily Bullman lauded BIBBI's immediate cult status and fresh approach to luxury perfumes 🌸. The investment marks a significant milestone for the brand's journey and success.
Exclusive: Sabrina Carpenter’s Plan to Become a Beauty Hitmaker
24 July 2024, Business of Fashion
Sabrina Carpenter, known for her music and acting, is expanding into the beauty world with her third fragrance, "Cherry Baby," launching on July 25. 🍒 The scent, developed with Scent Beauty, blends playfulness with sophistication, evoking the vibe of a Cherry Cosmo or Shirley Temple. Carpenter, 25, emphasizes authenticity in her fragrances, avoiding synthetic notes. Her previous scents, "Sweet Tooth" and "Caramel Dream," also saw massive success, with her brand being the fastest-growing at Walmart. Despite her growing fragrance empire, Carpenter focuses on creating meaningful connections with her fans, many of whom are Gen-Z. She draws inspiration from icons like Rihanna and Emma Chamberlain, prioritizing authenticity and enjoyment in her work. Carpenter's fragrances, accessible in price, offer a playful yet genuine experience, aligning with her artistic ethos. 🌸
Deckers Brands Reports First Quarter Fiscal Year 2025 Financial Results
25 July 2024, Business Wire
Deckers Brands (NYSE: DECK) reported strong financial results for Q1 of fiscal 2025, ending June 30, 2024, marking a positive start under new CEO Stefano Caroti. Notably, net sales surged by 22.1% to $825.3M, with HOKA® and UGG® brands showing impressive growth of 29.7% and 14.0%, respectively 📈. The company also experienced a 56.9% gross margin and a notable increase in operating income to $132.8M 💼. Deckers repurchased $152M in shares and plans to divest the Sanuk brand by August 2024. The outlook for FY 2025 is optimistic, with expected net sales growth of around 10% and an earnings per share range of $29.75 to $30.65 📊.
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