Dive Brief:
As DTC brands look to fund their growth, Maëlys, a direct-to-consumer body care brand, has received an undisclosed amount of capital from the international investment firm Norwest, the company announced on Monday. PitchBook estimates the funding round at $30 million, according to details emailed to Retail Dive.
The funding will enable the company to grow globally, introduce new products, scale up its operations to meet higher consumer demand and hire more employees, according to the announcement.
Sonya Brown, a general partner at Norwest, is joining the brand s board of directors. Through its minority investment, Norwest joins other shareholders including the company s founders, Barinboim Group and Leumi Partners.
Samantha Lee/Insider
Shopping centers have seen occupancy, rent collections, and revenues bounce back from the pandemic.
Strip malls have been bolstered by the popularity of the suburbs and necessity-focused shopping.
The once-overlooked sector is now hot among investors, with share prices up 40% this year.
Like much of the nation s retail market, the Gurnee Town Center took its lumps during the pandemic.
Last April, the furniture chain Art Van shuttered a store it operated in the strip mall, which sits about an hour s drive north of Chicago, just off Route 132, a heavily trafficked local highway. The large vacancy opened just as retail-leasing activity plummeted nationally and consumers began to pull back from brick-and-mortar shopping amid mandated lockdowns and concerns about the spread of COVID-19.
Operator
Good day, and welcome to The Macerich Company first-quarter 2021 earnings call. Today s conference is being recorded. At this time, I d like to turn the conference over to Ms. Jean Wood, vice president of investor relations.
Please go ahead.
Vice President of Investor Relations
Thank you for joining us on our first-quarter 2021 earnings call. During the course of this call, we will be making certain statements that may be deemed forward-looking within the meaning of the safe harbor of the Private Securities Litigation Reform Act of 1995, including statements regarding projections, plans or future expectations. Actual results may differ materially due to a variety of risks and uncertainties set forth in today s press release and our SEC filings, including the adverse impact of the novel coronavirus, COVID-19, on the U.S. regional and global economy and the financial condition and results of operations of the company and its tenants.
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Updated: All the Beauty M&A Deals of 2021
Women s Wear Daily (WWD) 3 days ago Allison Collins
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Just a few weeks into 2021, there have already been multiple billion-dollar beauty M&A deals, including the Estée Lauder Cos. Inc.’s deal to acquire the rest of Deciem, parent company of The Ordinary, and Shiseido inking a deal to sell its personal care business to CVC Capital.
There have also been smaller deals, as venture capitalists continue to back beauty companies.
Here is a list of the beauty M&A transactions so far in 2021:
January
Paper Cosmetics, a direct-to-consumer natural and sustainable deodorant brand, closed a funding round. Terms were not disclosed.