Allies of Skin’s Founder Nicolas Travis Has Resigned
The Singapore-based luxury skincare brand has also appointed Alicia Valencia as interim president.
Skin's founder Nicolas Travis has resigned, with his allies announcing his departure. In response to the founder's exit, the company has appointed Alicia Valencia as interim president. The luxury skincare brand, based in Singapore, has been grappling with concerns over its declining growth and increasing expenses. Despite reducing its IPO valuation by more than $50 billion, the company faces ongoing questions and scrutiny.
BoF's retail editor, Cathaleen Chen, joins Sheena Butler-Young to analyze the key figures and statistics behind The Business of Fashion's inaugural list of the world's 65 best independent fashion stores. The list highlights the enduring appeal of the simple pleasure of "moseying around" in physical stores, even as consumers increasingly turn to online shopping.
The US-based activewear brand aims to double its annual revenue to $2 billion within five years, with expansion plans including new stores in markets like India, Mexico, and the United Arab Emirates.
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