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Mammoth Brands clinches $1 billion-plus deal for high-end baby care brand Coterie

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Mammoth Brands clinches  billion-plus deal for high-end baby care brand Coterie


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Reuters

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October 17, 2025

Consumer goods company Mammoth Brands announced on Thursday that it will buy premium baby care brand Coterie, which counts models and entrepreneurs Karlie Kloss and Ashley Graham as investors.

Coterie retails diapers, wipes, and skincare products – Coterie Baby- Facebook

The deal could value Coterie at over $1 billion, subject to earnouts based on the company hitting certain financial targets, according to people familiar with the matter. Reuters reported in August that Mammoth was in talks to buy Coterie, which was up for sale with investment bank Raymond James.

Launched in 2019 by Frank Yu, Coterie is known for its high-quality, hypoallergenic and cruelty-free diapers and skincare products, which are primarily sold online. Privately held Mammoth has a growing portfolio of brands including men’s razor company Harry’s and women’s body care brand Flamingo.

“By combining Coterie’s beloved brand and products with Mammoth Brands’ capabilities and infrastructure, we’re partnering to redefine the diaper category and accelerate Coterie’s growth to be the leading modern baby care brand,” Andy Katz-Mayfield, co-founder and co-CEO of Mammoth Brands, said in a statement.
Coterie’s net revenue surpassed $200 million in the last twelve months, up nearly 60% year-over-year, according to the announcement. Mammoth plans to scale the business and expand to adjacent product categories. It paid for the brand with a mix of cash and stock, sources said.

Coterie’s executive team will remain with the company, and the transaction is expected to close by the end of 2025. Goldman Sachs, Wells Fargo, and JPMorgan served as financial advisors to Mammoth Brands, with Latham & Watkins as legal counsel. Cooley acted as legal counsel to Coterie.

© Thomson Reuters 2025 All rights reserved.



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Fashion

US’ Old Navy launches little navy, a new newborn essentials collection

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US’ Old Navy launches little navy, a new newborn essentials collection



Old Navy announces Little Navy, a brand-new collection of newborn essentials designed to make those first months a little easier, and a lot cuter. Little Navy offers thoughtfully designed pieces that are easy to mix and match, making shopping and gifting a breeze for your littlest style icon. This is the newest way Old Navy continues to be a style destination for every generation, moment and milestone.

“We designed this collection with parents in mind. Shopping for a newborn, as a gift or for your own, should feel joyful and easy. Everything is intended to be mixed together and matched — it’s fun, it’s emotional, and the value is incredible.”. – Sarah Holme, Head of Design & Product Development for Old Navy.

Old Navy has introduced Little Navy, a new collection of newborn essentials designed to simplify early-stage shopping and gifting.
The range includes layettes, hats, booties and mix-and-match basics in soft, seasonless colours and cosy fabrics.
Sized for babies up to 24 months, the line focuses on comfort, versatility, emotional appeal and strong value for modern parents.

Little Navy goes beyond onesies, offering layettes, hats, booties, and more, all in one convenient collection and no extra searching required. It features a soft, seasonless color palette, cozy fabrics, and versatile styles made for newborns and babies up to 24 months, with sizing that allows Little Navy to grow with baby.

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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Bangladesh’s BGMEA seeks policy reforms, release of pending incentives

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Bangladesh’s BGMEA seeks policy reforms, release of pending incentives



Bangladesh Garment Manufacturers and Exporters Association (BGMEA) representatives recently met Finance Minister Amir Khasru Mahmud Chowdhury and urged him to release pending cash incentives without delay and simplify the disbursement process.

They said bank audit procedures have stalled numerous applications. Around Tk 57 billion in incentives for the textile and apparel sector remain unsettled in fiscal 2025-26, creating acute liquidity pressure and affecting exports.

Bangladesh trade body BGMEA representatives recently met Finance Minister Amir Khasru Mahmud Chowdhury and urged him to release pending cash incentives without waiting for quarterly release schedules and simplify the disbursement process.
They said bank audit procedures have stalled numerous applications.
They also raised concerns over loan rescheduling and working capital.

The authorities were requested to disburse incentives upon application submission instead of waiting for quarterly release schedules, according to a release from the trade body.

BGMEA vice president Mohammad Shihab Uddoja Chowdhury raised concerns over loan rescheduling and working capital. He said banks often reschedule loans to maintain non-performing loan ratios, but fail to provide the working capital factories need to resume operations.

He proposed that banks pair rescheduling with working capital support to create a win-win outcome, allowing factories to operate and repay loans. The finance minister agreed with the proposal.

BGMEA leaders also called for business facilitation and lower operational costs to help Bangladesh remain competitive in the global market. They sought policy support to remove obstacles in customs, ports and other administrative layers and to ensure an investment-friendly environment.

Fibre2Fashion News Desk (DS)



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Bangladesh’s CPD calls for reforms in biz & tax climate, trade deals

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Bangladesh’s CPD calls for reforms in biz & tax climate, trade deals




Bangladesh think tank Centre for Policy Dialogue has called for major reforms in business environment, tax collection, trade deals and FDI management, cautioning that the country’s post-election economic transition may be at risk without evidence-based decisions and strong accountability.
A CPD study identified ‘leaking revenue’ as the weakest area across all decision-making indicators.



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