Must Read: Adanola Secures Minority Stake from Story3 Capital, OneSkin Lands $20M Investment

Major Developments in the Fashion Industry

The fashion industry is experiencing a wave of significant developments, with several key players making headlines this week. From strategic investments to new appointments and innovative retail expansions, these stories highlight the dynamic nature of the sector.

Adanola Secures Minority Investment

Adanola, a U.K.-based women’s wear brand, has announced a major minority investment from Story3 Capital Partners, a private equity firm based in Los Angeles. This partnership marks an important milestone for Adanola as it continues its expansion into the global activewear market. The brand plans to focus on digital channels while also selectively growing its retail presence. Long-term plans include opening its own brand stores, further solidifying its position as a leader in the industry.

OneSkin Receives $20 Million Investment

OneSkin, a company focused on skin health and regeneration, has secured a $20 million investment from Prelude Growth Partners. This funding not only buys out a previous investor but also ensures that no other shareholders' equity will be diluted. According to CEO Carolina Reis Oliveira, Prelude Growth Partners presented detailed plans for a fruitful partnership. Industry insiders suggest that OneSkin is on track to generate between $40 million and $50 million in revenue this year. Prelude Growth Partners has previously invested in brands such as Sol de Janeiro, Summer Fridays, and Tower 28.

Capri Holdings Reports Strong Q1 Performance

Capri Holdings released its first quarter fiscal 2026 results, showing total revenue decreased by 6% to $797 million. However, the decline was less severe than in the previous quarter. Despite the drop in sales, the company reported a net income of $56 million, compared to $5 million in the same period last year. The Versace transaction, expected to close in the second half of 2025, is anticipated to provide a $1.4 billion cash infusion, further strengthening Capri's financial position.

Prada Group Appoints New Chief Communication Officer

Prada Group has appointed Christopher Bugg as its chief communication officer, effective immediately. In this role, Bugg will oversee the global communication strategies for Prada, Miu Miu, Church's, and Car Shoe. He joined the group in January 2020 as marketing and communication director for Asia and later became group communication director. Prior to joining Prada, he served as the global digital communication director at Louis Vuitton in Paris.

Mecca Opens Largest Freestanding Beauty Store

Melbourne-based retailer Mecca is set to open the world's largest freestanding beauty store on Friday. Spanning 40,000 square feet across two floors, the store is expected to significantly boost the company's turnover, aiming for around 1.8 billion Australian dollars (approximately $1.16 billion) by the end of the year. The flagship store will focus on health and wellness, offering over 80 services. As Mecca Founder and Co-CEO Jo Horgan stated, "It doesn't take space to sell beauty. It takes space — and a lot of it — to experience beauty as we push into the blue zone of experiential beauty."

Bath & Body Works Expands to College Bookstores

Bath & Body Works is expanding its reach by introducing kiosks and displays in over 600 campus bookstores across the U.S. through August. The company has partnered with ICM, a distribution company, to bring its products to college campuses nationwide. This expansion includes institutions ranging from HBCUs to Ivy League schools and community colleges. This move marks the first time that Bath & Body Works products will be sold outside of its own stores, excluding duty-free retail.

These developments underscore the evolving landscape of the fashion and beauty industries, with companies exploring new markets, investing in growth, and redefining customer experiences.