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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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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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India’s merchandise exports up 3.02% YoY during Apr-Sep 2025

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India’s merchandise exports up 3.02% YoY during Apr-Sep 2025



India’s total exports—merchandise and services combined—for September this year was estimated at $67.2 billion, registering a year-on-year (YoY) growth of 0.78 per cent.

Total imports for the month was an estimated $83.82 billion—a positive growth of 11.34 per cent YoY.

India’s total exports—merchandise and services—during April-September 2025 was estimated at $413.3 billion—a growth of 4.45 per cent YoY.
Total imports during the six months were worth an estimated $472.79 billion—a YoY growth of 3.55 per cent.
Merchandise exports during the six months were worth $220.12 billion—a 3.02-per cent YoY growth.
Merchandise imports during the period were worth $375.11 billion.

The country’s total exports during April-September this year was estimated at $413.3 billion—a growth of 4.45 per cent YoY. Total imports during the six months were worth an estimated $472.79 billion—a YoY growth of 3.55 per cent.

Merchandise exports during September 2025 were worth $36.38 billion compared to $34.08 billion in the same month last year. Merchandise imports during the month were worth $68.53 billion compared to $58.74 billion in September 2024.

Merchandise exports during April-September 2025 were worth $220.12 billion compared to $213.68 billion during the corresponding period last year—a 3.02-per cent YoY growth. Merchandise imports during the six months were worth $375.11 billion compared to $358.85 billion during April-September 2024.

Merchandise trade deficit during April-September 2025 was worth $154.98 billion compared to $145.18 billion during the corresponding period last year, a release from the Ministry of Commerce  and Industry said.

The top five export destinations in terms of change in value exhibiting positive YoY growth in September 2025 were the united Arab Emirates (24.33 per cent), Spain (150.81 per cent), China (34.18 per cent), Bangladesh (23.06 per cent) and Egypt (67.29 per cent).

The top five export destinations exhibiting positive YoY growth in April-September 2025 were the United States (13.37 per cent), UAE (9.39 per cent), China (21.96 per cent), Spain (40.33 per cent) and Hong Kong (23.53 per cent).

The top five import sources in terms of change in value recording YoY growth in September were Switzerland (254.57 per cent), UAE (32.83 per cent), China (16.35 per cent), Saudi Arabia (18.86 per cent) and Nigeria (896.11 per cent).

The top five import sources showing YoY growth in April-September 2025 were China (11.25 per cent), UAE (13.22 per cent), Ireland (200.09 per cent), the United States (9.03 per cent) and Hong Kong (19.99 per cent).

Fibre2Fashion News Desk (DS)



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OTB marks 20 years of Diesel in China with the opening of its new APAC headquarters in Shanghai

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OTB marks 20 years of Diesel in China with the opening of its new APAC headquarters in Shanghai


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October 17, 2025

Only The Brave reaffirms its long-term commitment to China with three initiatives that underscore the importance of the Chinese market for the international fashion and luxury group, which brings together the brands Diesel, Jil Sander, Maison Margiela, Marni, Viktor&Rolf, and the companies Staff International and Brave Kid, and holds a stake in the Amiri brand. In addition, founder Renzo Rosso says he will invest further in China.

Renzo Rosso in Shanghai for Diesel’s 20 years in China – OTB

The first initiative is the official opening of its new APAC headquarters in Shanghai, a region where OTB now has 900 employees and around 100 stores, spread across China, Hong Kong, and Macao. Attending the inauguration ceremony, alongside the group’s founder, Renzo Rosso, were the Consul General of Italy in Shanghai Tiziana D’Angelo and Shanghai’s Jing’an District authorities.

The new headquarters boasts double the space of its previous address and is located in the Lee Gardens building. Nestled in the heart of the city’s Jing’an District, it overlooks the scenic Suzhou Creek. According to a statement, the location and expansion of the offices reflect the group’s desire to strengthen its roots in China, as well as to offer the team increasingly modern and functional workspaces and to consolidate relationships with local partners.

The second initiative during Renzo Rosso’s visit to China was a talk for students at Donghua University, one of Asia’s most prestigious design and fashion universities, organised under the patronage of the Consulate General of Italy, Camera Nazionale della Moda Italiana, Altagamma, the Italian Trade Agency, and the Italian Cultural Institute.

A moment from Rosso's lecture at Donghua University
A moment from Rosso’s lecture at Donghua University – OTB

Third initiative: as 2025 marks the 20th anniversary of Diesel’s presence in China, where the brand has built a recognisable and coherent presence, an event was organised at the Fosun Foundation in Shanghai. The highlight of the event was the launch of a capsule collection titled “Diesel China 20th Anniversary”, designed by Creative Director Glenn Martens.

“China is a country with a unique energy; every time I come back here I am fascinated by its pace, creativity and speed,” said Renzo Rosso. “For our group, China is not only a strategic market, but an inexhaustible source of inspiration. Over the past two decades, we have expanded the presence of our brands and built an authentic dialogue with new generations who share the values of our brands. Our philosophy is to collaborate with local communities to merge brand know-how with the local mindset. The opening of the new Shanghai headquarters, meeting with young talent at Donghua University, and the celebrations of Diesel’s 20th anniversary represent a special moment for me and for the OTB Group […] We will continue to invest in China in the future.”

Shortly before the evening event in Shanghai, Rosso told Reuters that these investments in China will be made by his group despite the decline in the local market, and will take the form of a reorganisation of OTB’s retail presence. The entrepreneur revealed that some stores will be closed, but others will be opened in new and better locations.

Rosso with staff at OTB Group's new APAC headquarters in Shanghai
Rosso with staff at OTB Group’s new APAC headquarters in Shanghai – OTB

“I am optimistic. I think that if the Chinese market continues to proceed in this way, it could represent an opportunity, because we will be able to have better spaces at better prices, which wasn’t the case before,” Rosso told Reuters. “My current vision is to invest in the country. I believe in China; it’s so big, so important. We are doing well this year compared to the market,” he added. “Everyone is in decline; we have some growth, so we are quite satisfied.”

Over the years, the Veneto-based group has supported numerous initiatives and collaborations in China that have connected the creativity and values of its brands with designers, artists and local communities. Notable among these are the “Marni Miao” project, which celebrated the elegance and complexity of embroidery by reinterpreting the codes of the Miao minority through a contemporary lens, as well as the various capsule collections that Diesel has created in collaboration with Chinese designers such as Xander Zhou and Pronounce and celebrities such as William Chan and Chris Lee, along with events and music tours with local artists.

In addition, Maison Margiela has brought its experimental vision into dialogue with the country’s contemporary art and culture through new retail formats, pop-ups, installations and initiatives in different cities, while MM6 Maison Margiela has collaborated with designer Chen Peng.

Renzo Rosso
Renzo Rosso – OTB

In addition, OTB has long supported the new generation of Chinese talent. Renzo Rosso has in fact served on the jury of the BoF China Prize in 2019 and supported the launch of the Yu Prize competition, providing mentorship and coaching to support and develop the country’s young designers.

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Egypt seeks to attract Turkish investments in textile, RMG sectors

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Egypt seeks to attract Turkish investments in textile, RMG sectors



The Egyptian Commercial Service (ECS) office in Istanbul has intensified its investment promotion activities targeting Turkiye’s readymade garments (RMG) and textile sectors and their supporting industries.

The initiative aims at strengthening Egypt’s industrial ecosystem and localise key auxiliary manufacturing to boost export capacity and competitiveness.

Egypt’s consul general in Istanbul Ali Basha and deputy consul for commercial affairs Hoda Dorra recently met chairperson and board members of the Turkish Association of Clothing Accessories Manufacturers as well as representatives of several member companies.

The Egyptian Commercial Service has intensified its investment promotion activities targeting Turkiye’s textile and RMG sectors and supporting industries.
An Egyptian delegation’s recent meeting with the Turkish Association of Clothing Accessories Manufacturers concluded with a pact to organise an official visit to Egypt by an association delegation during the final quarter of this year.

The Egyptian delegation reviewed the range of incentives, including tax exemptions, streamlined licensing procedures and preferential access to industrial zones and export markets, available in Turkiye to foreign investors.

The meeting concluded with an agreement to organise an official visit to Egypt by a delegation from the Turkish association and its member companies during the final quarter of this year, Egypt State Information Service reported on Facebook.

The visit will allow participants to explore on-ground investment opportunities and assess the feasibility of establishing new clothing accessories and supplies factories in Egypt, serving both the domestic market and export destinations in Africa, the Middle East, and Europe.

Fibre2Fashion News Desk (DS)



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