Showcasing more than 200 international and local brands across fashion, lifestyle and food, the new venture, in partnership with local group Aditya Birla Fashion and Retail Limited (ABFRL), aims to fill some of the white space in the luxury department store sector. Galeries Lafayette will make history as the first European department store of its kind to enter India next year with a branch in Mumbai. Read the full story – just over a year after Blackstone acquired a majority stake in the sunscreen label, CEO Amanda Baldwin opens up about how Supergoop plans to keep growing in new markets. “We have changed the conversation around ‘Why sunscreen, why does it matter?’” “I firmly believe that we are category creators,” said Baldwin. Its sales reached $250 million - up 65 percent from 2021. In December 2021, investment management company Blackstone acquired a majority stake in the brand, valuing it between $600 million and $700 million. That napkin plan sent Supergoop on a steady climb upward. Nearly seven years later, “we’re still doing all the same things that I wrote on the back of a napkin three weeks into this job,” she said. When Amanda Baldwin joined Supergoop as chief executive in 2016, like countless CEOs before her, she wrote her vision for the business on the back of a napkin: continue founder Holly Thaggard’s mission of making sunscreen exciting by pushing education, increasing marketing and creating innovative products.
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