Fashion
Bansk Group acquires majority stake in skincare brand Byoma
Published
September 10, 2025
Bansk Group announced on Wednesday it has acquired a majority stake in affordable skincare brand Byoma.
The New York-based consumer brands private investment firm acquired the Byoma stake from Yellow Wood Partners, a fellow private equity firm focused on consumer brands.
Terms of the transaction were not disclosed.
The Scottish skincare brand will continue to be helmed by founder and chief executive officer, Marc Elrick, following the transaction.
“Byoma was founded on the principle that most skin concerns originate from a compromised skin barrier. Therefore, we created Byoma to offer products specifically formulated to strengthen and maintain the skin barrier whilst delivering transformational results,” said Elrick, who launched the science-focused skincare brand in 2022.
“Over the past three years, we’ve developed strong, sustained momentum and have established Byoma as a key growth driver and top five skincare brand at leading retailers across markets while building trust and credibility with consumers. This transaction unlocks an accelerated growth trajectory in our journey. In Bansk, we’ve found a partner that intimately understands today’s consumer landscape and shares our values and growth ambitions. With Bansk’s deep expertise scaling purpose-driven consumer brands, we are incredibly excited to continue to challenge and redefine the beauty landscape for consumers globally.”
Byoma joins Bansk’s current investment folio, which includes fellow beauty brands Amika, Eva NYC, and Ethique.
“Byoma is redefining what skincare can be – backed by science, led by purpose, and deeply connected to its community,” said Chris Kelly, senior partner at Bansk.
“In what can often be a sterile and confusing category for consumers, Byoma stands apart by simplifying the skincare journey and delivering efficacious, prestige formulations at an accessible price point. Today’s consumers are more intentional than ever, seeking products that are not only effective but also transparent, inclusive, and rooted in real education. We’re excited to partner with Marc and the team to accelerate Byoma’s mission and bring its barrier-boosting formulas to even more consumers.”
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Fashion
Rohit Kansal inaugurates ColorJet pavilion at ITMA Asia Singapore
The ColorJet Pavilion at ITMA Asia + CITME Singapore was inaugurated by Shri Rohit Kansal, Additional Secretary, Ministry of Textiles, Government of India. The event was graced by the presence of the Ambassador of India to Singapore, Dr. Shilpak Ambule along with several distinguished dignitaries and industry leaders.
Rohit Kansal, Additional Secretary, Ministry of Textiles, inaugurated the ColorJet Pavilion at ITMA Asia Singapore 2025, joined by Indian ambassador Dr. Shilpak Ambule.
He praised India’s textile innovation and ColorJet’s role in sustainability and technology.
ColorJet launched the Fabjet Pro, a wide-format digital printer showcasing eco-conscious, high-performance solutions.
During the inauguration ceremony, Shri Rohit Kansal and other dignitaries delivered impactful speeches highlighting the importance of Indian technology and sustainable practices in textile printing.
During his visit, “Shri Rohit Kansal applauded the remarkable progress of the Indian textile ecosystem, highlighting how the industry has evolved to make a strong mark globally. He emphasized India’s growing contributions across the textile value chain—from spinning and processing to digital printing- reflecting the nation’s technological strength and innovation-driven growth.”
He also commended ColorJet for its outstanding contribution to the Indian textile industry, recognizing the company’s continuous efforts toward advancing technology, promoting sustainability, and positioning India as a leader in digital textile innovation.
“It was an absolute honor to have Shri Rohit Kansal, Additional Secretary, Ministry of Textiles, Government of India, inaugurate the ColorJet Pavilion at ITMA Asia Singapore. His visit and words of encouragement reaffirm our commitment to driving innovation, sustainability, and technological excellence in the textile printing industry. At ColorJet, we take immense pride in representing Indian technology on such a global platform and showcasing how ‘Make in India’ solutions are setting new benchmarks in performance and environmental responsibility” Said Mr. Arun Varshney, Vice President and Business head ColorJet Group
At the event, ColorJet unveiled its latest innovation — the Fabjet Pro, a wide-format digital textile printer that exemplifies the company’s dedication to sustainability, advanced technology, and wider-width productivity. The launch reinforces ColorJet’s vision to deliver eco-conscious, high-performance printing solutions that cater to the evolving needs of the global textile industry.
Visit ColorJet at ITMA Asia Singapore 2025 – Booth H6-D304, Hall 6 | October 28–31, 2025 – to experience live demonstrations, technological innovations, and sustainable textile printing solutions in action.
Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.
Fibre2Fashion News Desk (HU)
Fashion
Philippines’ apparel export prices surge 11% to $23.69/kg in 2025
In ****, the average export price stood at $**.** per kg, compared to $**.** per kg in **** and $**.** per kg in ****, according to *fashion.com/market-intelligence/texpro-textile-and-apparel/” target=”_blank”>sourcing intelligence tool TexPro. This consistent rise reflects the industry’s ongoing move towards value-added garments such as sportswear, uniforms, and functional apparel, backed by growing investments in automation, digital printing, and sustainable production practices.
According to *fashion.com/market-intelligence/texpro-textile-and-apparel/” target=”_blank”>TexPro, the Philippines exported apparel worth $***.*** million during January–July ****, compared to $***.*** million in **** and $***.*** million in ****, marking a two-year contraction from $***.*** million in ****. The decline in shipment values mirrors global demand weakness, tighter inventory management by Western retailers, and a continued shift of basic apparel sourcing to lower-cost ASEAN and South Asian producers.
Fashion
Italian brand Fendi welcomes Maria Grazia Chiuri as CCO
“Maria Grazia Chiuri is one of the greatest creative talents in fashion today, and I am delighted that she has chosen to return to Fendi to continue expressing her creativity within the LVMH group, after sharing her bold vision of fashion. Surrounded by the Fendi teams and in a city that is dear to her, I am convinced that Maria Grazia will contribute to the artistic renewal and future success of the Maison, while perpetuating its unique heritage,” says Bernard Arnault, Chairman and CEO of LVMH Group.
“I’m thrilled to welcome Maria Grazia into the team. The role of a creative director is no longer to simply design beautiful clothes but to curate a culture and hold a mirror to the world we live in. Her talent and vision will be instrumental in fortifying FENDI’s heritage, shaping the future talent in the house and deepening our commitment to Italian craftsmanship,” states Ramon Ros, FENDI’s Chairman and CEO.
Fendi has appointed Maria Grazia Chiuri as its new chief creative officer.
Returning to the Maison where she began her career, Chiuri will lead its artistic direction while strengthening Italian craftsmanship.
Bernard Arnault and Ramon Ros praised her vision and cultural influence.
Chiuri’s debut collection for Fendi, Fall/Winter 2026–2027, will be presented in Milan next February.
“I return to FENDI with honour and joy, having had the privilege of beginning my career under the guidance of the House’s founders, the five sisters. FENDI has always been a forge of talents and a starting point for many creatives in the industry, thanks to the extraordinary ability of these five women to foster and nurture generations of vision and skill.
I am grateful to Mr. Arnault for entrusting me with the task of helping to write a new chapter in the history of this extraordinary women-founded company,” states Maria Grazia Chiuri, FENDI’s Chief Creative Officer.
Maria Grazia will present her first collection, FENDI Fall/Winter 2026-2027, in Milan next February
Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.
Fibre2Fashion News Desk (RM)
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