Simon Property Group has sold its share in Authentic Brands Group for $1.2 billion. Uniqlo continues to mine the TikTok virality of its round mini shoulder bag. Meanwhile, Target is expanding its partnership with Hudson’s Bay department store in Canada to sell its private label line Cat & Jack. To hear more about how Target thinks about partnerships and collabs join us at The Lead Summit?on July 10th and 11th in NYC.?
- Uniqlo's round mini shoulder bag - nicknamed the millennial Birkin, dumpling bag, Mary Poppins bag and banana bag - is going viral again as the brand releases new colors, fabrics and custom embroidery. (Bloomberg)
- Valued at $460 million, 100 Thieves has become one of the largest fashion-streetwear labels born from the gaming community. It’s the first to go beyond mass producing T-shirts with simple logos and a strong network of gaming talents who promote its drops and events. (Vogue)?
- Under Armour is launching the first set of products made with Neolast - a new material that the brand has developed to replace spandex - with similar or greater stretch and strength but without spandex’s main flaw of moisture retention. (Glossy)
- Kohl’s is now offering same-day or scheduled delivery via the Instacart app from its 1,172 locations nationwide. The retailer is offering product categories such as beauty, skin care, pet supplies, accessories and home essentials for delivery. (Retail Dive)
- Lululemon has been named the official apparel partner of Life Time pickleball and tennis. The brand will collaborate on key events at Life Time’s “athletic country clubs.” Pickleball continues to be among the fastest growing sports in the U.S. with more than 36 million people now playing. (Retail Dive)
- Foremost 50 brand, Kopari Beauty, launched an all new Vitamin C Collection inspired by the vibrant starfruit. (Instagram)
- Target is expanding sales of its in-house Cat & Jack children’s brand at department-store chain Hudson’s Bay Co. in Canada to include swim, outerwear and shoes. The deal marks Target’s first foray of its private label brands into the wholesale as the retailer explores similar arrangements in other markets. (Bloomberg)
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- Simon Property Group sold its 10% stake in Authentic Brands Group to other investors.
- Hydrow (Indoor Rowing Machine) acquired a majority stake in Speede Fitness, a strength training equipment and analytics company.
- Vhernier Group (Italian Jeweller) was acquired by Richemont.
- Watches of Switzerland Group PLC acquired Roberto Coin S.p.A. for $130M.
- Bazooka Candy Brands raised $10M from Patricof Co (P/Co) (pro athlete investment platform).
- Brendan Hoffman forms P180 Investments with CaaStle’s Christine Hunsicker to invest in elysewalker (fashion designer).
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