Indochino has a new partner.The Vancouver-based men’s made-to-measure brand has received “a strategic investment” from Mitsui & Co. (U.S.A.) Inc., that will be used to accelerate the brand’s North American expansion plans and investment in its global operations and supply chain.Terms were not disclosed.Drew Green, chief executive officer of Indochino, said: “I have admired Mitsui for many years and could not be more proud to welcome them as a shareholder and partner. Indochino has established a new way for men to experience well-fitting garments with ease and affordability. Our strong sales and earnings growth demonstrate that the Indochino brand resonates with consumers and has become a mainstream alternative to ready-to-wear clothing. Mitsui’s global footprint and its expertise scaling and operating international businesses will be invaluable as we prepare for the next phase of growth and scale as a global apparel brand.”Takayuki Iwai, senior vice president and divisional operating officer of the Consumer Service Business Division of Mitsui & Co. U.S.A.) Inc., said: “We believe Drew and his team have done an outstanding job in building Indochino into one of the industry’s most innovative and dynamic companies, and are truly excited by the prospect of working together towards achieving the company’s long-term goals and objectives.”This is not the first company to partner with the brand. Dayang Group, the world’s largest suit manufacturer, invested $30 million in 2016, and Postmedia Network Inc., one of Canada’s largest media companies, has also partnered with the company.Indochino said sales grew by more than 50 percent in 2017, a year that saw the brand’s number of showrooms grow from 10 to 20. The privately held brand declined to specify its volume. This year it plans to further increase its presence in the Southern U.S., in cities such as Charlotte, N.C.; Houston; Dallas, and Austin, Tex.Mitsui also owns Paul Stuart in the U.S.
@juicebeauty, where @gwynethpaltrow holds the title of creative director of makeup, has become one of the foremost labels in the organic beauty category –– with sales on track to hit $100 million this year. What’s behind the rapid growth the brand is experiencing right now? It all started in 2005 when the wellness movement was just getting started. Read more on WWD.com. #wwdbeauty
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"I want to tell a story that inspires people to feel good about themselves, but also I'm making a commentary about the lack of female stories and female directors and saying this should change," said @imheathergraham on her latest project "Half Magic." The comedy feature, which the actress wrote and directed, is based on her own struggles as a woman in show business. Read @andrewnodell's full interview with Graham on WWD.com. #wwdeye (📷: @jgreenery)
@meltcosmetics cofounders @lora_arellano and @danabomar built their brand on a single idea: a true matte lipstick. To set the brand apart, they said they always put their customers first –– including a personalized note in each package. #wwdsummits #wwdbeauty
@moncler unveiled its latest project, #MonclerGenius, yesterday at Milan Fashion Week. The Italian outwear maker gave show-goers a preview of the monthly collections – which were created by eight designers and creative talents including Pierpaolo Piccioli, Simone Rocha, Craig Green and more – that will start rolling out in the summer.