Are there enough distributors for K-beauty in the U.S.?Dino Ha, chief executive officer of Memebox, seems to think so. Two years ago when the business started selling Korean beauty products on its web site there was a distinct need, he said — U.S. consumers wanted the brands, and Soutb Korean companies needed Memebox to help get those products to American customers."What we see today is more K-beauty players emerged in the U.S., so we think that distribution problem is going to be solved," Ha said.So as of Monday, Memebox has switched its business model in the U.S. to be an informational platform instead of an e-commerce play, he said. "What we learned during years of being in the U.S. market selling [South] Korean beauty products was a lot of customers need education on K-beauty regimens and a lot of information behind the products."With its new plan, Memebox will be providing that information through educational content, including videos, aiming to capture the K-beauty customer who is searching for information before he or she purchases from another distributor. Memebox will also add product reviews from South Korean consumers in order to give U.S. shoppers a broader sense of product performance.The shift comes several months after the business closed a $60 million round of venture capital funding. In total, the business has raised $160 million. With that latest round, closed in December, Memebox added Laura Mercier founder Janet Gurwitch as an adviser.Through that point, China had been a big focus for the company, but now the company is prioritizing distributing its private-label brands in the U.S., Ha said. Recently, China has been tougher on imports of Korean beauty products. Ha said the U.S. market could be 10 percent of Memebox's overall revenues by the end of the year.Memebox's private-label offerings are currently in about 1,500 doors, Ha said, and he expects them to be in 4,000 U.S. doors by the end of the year. Last year, Membox posted more than $100 million in revenues, according to industry sources and is expected to grow again for 2017.
EXCLUSIVE: Two and half months after John Targon, cofounder and codesigner of Baja East, was hired as creative director of the contemporary division at Marc Jacobs, he has left the company, WWD has learned. Marc Jacobs International, which is owned by LVMH Moët Hennessy Louis Vuitton, confirmed Targon’s departure in a statement: “John Targon is a talented designer and we appreciate the work he has done here. Ultimately working together did not make sense for the brand and we wish him the best.” Read the story by @jessiredale, link in bio. #wwdnews
@theluxurycollection is officially launching a collection, tapping Sofia Sanchez de Betak for the capsule. Over 30 styles will be featured in the Chufy x The Luxury Collection, debuting next month at Bergdorf Goodman, The Webster, FiveStory and more. De Betak, known as “@chufy,” drew inspiration for the collection from her trips to Japan in the past year #wwdfashion
@lhd, founder and CEO of @thewebster, has teamed up with @lebonmarcherivegauche for the European launch of her ready-to-wear line, LHD. The launch will come with an exclusive pop-up opening today that’s set to run through May 20. Located on the second floor, it carries her debut Miami-themed resort collection, launched in November as see-now-buy-now. #wwdfashion
@longchamp, which marks its 70th anniversary this year, just opened its biggest U.S. store on Manhattan’s Fifth Avenue. On the lower level there’s a floor-to-ceiling display of the brand’s iconic Le Pliage bag – in all of its different colors, shapes and sizes. Customers can also have their product personalized in-store by imprinting names, initials or emblems. #wwdfashion (📷: @ericmtownsend)
“Whenever I’m in that place of sound and music, I don’t have fear or nervousness…This album has a lot of themes of courage and boldness and I want to be the soundtrack for people’s lives. I’ll be so happy if [my songs] evoke strength in people, which I know music has done for me,” says @kimbramusic of her newest album “Primal Heart.” The New Zealand-born singer sat down with WWD to talk about her music, newest tour and connecting with hear fans — read more on WWD.com #wwdeye (📷: @jilliansollazzo)
Luxury handbag resale company @rebagofficial is planning to sell a rare collectible for $70,000: the @hermes White Crocodile Himalayan Birkin. The exclusive Birkin sold for about $100,000 in 2008, when @davidbeckham bought one for his wife @victoriabeckham to add to her collection. Read more about the rare Birkin on WWD.com #wwdaccessories
With her costume pearl necklace and what-you-see-is-what-you-get style, Barbara Bush, who died Tuesday at age 92, was a straight-shooter from start to finish.
Born Barbara Pierce in New York City, Bush served as the 37th first lady, as well as the country’s second lady from 1981 to 1989. In addition to being part of the longest presidential marriage — 73 years — Bush also had the unlikely distinction of having one son, George W., become the 43rd president and another son, Jeb, run unsuccessfully in 2016. Having served as second lady during the Reagan administration’s two terms and lived all over the world during her own husband’s ascending political career, Barbara Bush made it clear that literacy — not fashion — was her priority. Read more from Rosemary Feitelberg’s obituary on the late First Lady in WWD.com, link in bio. #barbarabush #wwdnews
Western and ’90s trends have influenced denim for fall 2018. Think raw, dark and coated jeans mixed with bold prints and tough leather. #trendtuesdays #wwdfashion (Styled by @thealexbadia;📷: @ryanplett)