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Lesa Milan, star of “The Real Housewives of Dubai,” credits Beyoncé as an inspiration for her fashion business success. In 2016, Milan launched her fashion brand Mina Roe, catering to pregnant women because she felt there was a lack of trendy maternity items on the market, notes WWD. “I love that Rihanna was out there with her bump, being sexy and bold because that’s what Mina Roe has always been about — celebrating your pregnancy rather than hiding it,” she told the outlet in 2022 . “You can still add that fashion twist and your own personal style to your bump. I think that’s the hole that we filled with Mina Roe.” View this post on Instagram A post shared by MINA ROE (@minaroe) Milan had ambitious goals for her brand from the start, launching it with the support of just one female employee. In an interview with radio station Hot 97, she shared how she initially reached out to entrepreneurs and celebrities, hoping they would wear Mina Roe. Ultimately, her breakthrough came through...
Gabrielle Union and Dwyane Wade’s baby care line is officially available for parents to get their hands on. In June 2021, AfroTech previously reported that the power couple had announced Proudly — a first-of-its-kind skin care brand for melanated babies — which was co-designed by dermatologist Dr. Naana Boakye. The brand has now launched for parents with children of color to have access to affordable baby care products, according to WWD. “These products are meant to fill a gap for parents of color, like ourselves, by offering them intentionally developed formulas that put our children’s needs at the core,” Gabrielle Union and Dwyane Wade said in a statement, according to WWD. “Our hope is that for the first time ever, parents of children of color don’t need to spend money on products that aren’t effective or worry about what might irritate their children’s skin. We’ve done the work so they don’t have to.”
Mega-superstar Rihanna has climbed the top ranks of music, beauty, and fashion in less than a decade. Now she’s officially the owner of a billion-dollar lingerie brand. According to Forbes, her highly-successful Savage x Fenty brand has just hit another major milestone after raising its $115 million Series B funding round – bringing it to a $1 billion valuation. LVMH-backed private equity firm L Catterton reportedly had a hand in helping the brand secure this investment round for its upcoming retail and athletic wear expansion. According to a statement from Savage x Fenty, the brand saw revenue growth of over 200% last year and “increased its active VIP member base by more than 150%.” Prior to this latest funding round, Rihanna’s estimated stake in the company was worth $85 million. According to Forbes, Rihanna's ‘Savage X Fenty’ has reached $1 billion valuation in lingerie equity. It is expected to become the global lingerie market leader by 2025. pic.twitter.com/sl0CHVNmYn — Pop...
Savage X Fenty, the lingerie line curated by international pop superstar Rihanna , has just announced that it’s closed a $115 million Series B funding round. According to Marketwatch, while this funding round — which was led by private-equity firm L Catterton — will be used to get the popular brand into brick-and-mortar stores, the news comes hot on the heels of the announcement that the high-end Fenty line, which was released in partnership with LVMH, will “pause” production. This, ultimately, has a two-fold meaning for Rihanna’s business ventures. Fenty’s “pausing” is indicative of the near-demise of high-end fashion in the wake of the coronavirus pandemic. In a statement, LVMH has said that it’s halting the production of the high-end line in the hopes that it can pick it up again when the availability presents itself. “Rihanna and LVMH have jointly made the decision to put on hold the ready-to-wear activity, pending better conditions,” a company spokesman said to WWD. However,...
After a lucrative collaboration with Nike, Fear of God is now entering a long-term partnership with adidas. According to WWD, Fear of God’s Jerry Lorenzo will work with the clothing giant in its global basketball division business and creative. In addition, the two brands will further develop Fear of God Athletics. “This is a role that is unprecedented in its very nature and nuanced attribution that it defies all titles and traditional definitions,” Lorenzo said. “Adidas and Fear of God share the same dream for the future of basketball, on and beyond the court, and we look forward to changing the face of the industry through a new model that will unfold before us in the coming years.” Fear of God and adidas strike this deal on the heels of major collaborations just this year, including Beyoncé’s Ivy Park. Though adidas has reported declining sales and is considering selling its Reebok division, this deal with Lorenzo’s Fear of God may certainly help further boost adidas’ e-commerce...
At the top of the year, Vicky Free will join adidas as senior vice president of global marketing, reports WWD . Replacing Jocelyn Robiot, who exited a few months ago, Free will oversee and navigate adidas’ commercial and brand success on a global scale by developing compelling consumer brand stories. She has more than 20 years as a data-driven marketer, working at companies such as McDonald’s, Turner Broadcasting, Disney, BET, and Novant Health. With the new role, she will be based at the activewear giant’s headquarters in Herzogenaurach, Germany. According to her LinkedIn profile , Free holds an executive MBA from the Kellogg School of Management at Northwestern University and a bachelor’s degree in mass communications from the University of South Carolina. In recent months, several leading executives have left adidas due to r acial turmoil , says WWD. In addition, Marketing Directo reports the activewear giant has faltered financially due to the pandemic. Nonetheless, Free’s...
Women’s Wear Daily reports that PUMA just snagged iconic celebrity stylist June Ambrose as their new creative director. A fashion icon, with 200 music videos and two decades of experience under her belt, Ambrose is responsible for some of hip hop’s most iconic looks. From Missy Elliott’s inflatable garbage bag suit in “The Rain (Supa Dupa Fly)” music video to Diddy’s shiny suit in “Mo Money, Mo Problems,” Ambrose has carved her own lane as an award-winning stylist, author, costume designer, and creative director. “There are very few people that indisputably shift culture. That is something June has done for over 25 years. Her pure energy and spirit come to life through her fashion and designs,” Jay-Z said, according to VOGUE. Because of Them We Can reports Jay-Z signed on as creative director of PUMA Hoops in 2018. His confidence in Ambrose’s talent and capabilities led the hip-hop mogul to introduce her to PUMA global director of brand marketing Adam Petrick and CEO Bjørn Gulden to...
Black designers just want credit for their work, so they’re making sure the industry holds those who rip them off accountable. In regards to her forthcoming album, singer Taylor Swift received major backlash this week from Black-owned brand The Folklore — a website for up and coming designers from Africa — and founder Amira Rasool who accused Swift of ripping off the brand’s logo for her album’s merchandise, Business Insider reports . InStyle reports that after a friend of hers pointed out the brand’s logo on Swift’s merchandise, Rasool feared her plans to highlight “The Folklore” logo — for her upcoming in-house line — would be ruined as consumers may assume she’s copying off of the singer’s line. “Initially I was so shocked,” she told InStyle . “I’d heard of so many different Black women in particular who had been ripped off by large corporations by celebrities. And I just couldn’t believe that it was happening to me.” Rasool took to social media to call more attention to her...