Agenda-setting intelligence, analysis and advice for the global fashion community.
The beauty brand, which founder Francisco Costa bought back from parent company Amyris in December, is resuming operations and will be available for sale again on Thursday.
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At least 43 employees across both teams in New York will be let go, according to a person familiar with the matter, as the beauty conglomerate struggles to find its footing.
The acquisition gives Amyris another consumer brand and Costa Brazil the resources it needs to expand into new markets.
Priya Rao is Executive Editor at The Business of Beauty at BoF. She is based in New York and oversees BoF’s beauty and wellness coverage.
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Small fashion labels have always been shortchanged by their wholesale partners. A wave of high-profile bankruptcies has turned a structural injustice into an existential crisis. There is a better way to do business, writes Imran Amed.
Fashion’s enfant terrible is trading exclusivity for the mass market. Is it the ultimate fashion coup, or the final surrender of prestige?
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