The funding, from a few investors, will help accelerate growth of the DNVB brand developing tailor-made lingerie.
Perraudeau and Brière’s idea was to take a personalized approach to lingerie, using technology to service female morphology. An online, algorithm-backed questionnaire helps people hone in on their ideal size, among 57 bra sizes. Ten underwear sizes available range from 34 to 52.“Obratori closely follows young companies that provide innovative solutions to the well-being of men — women in this more precise case — and the planet at large.
“Lolo Paris is now a company ready to accelerate; it has designed a product well-received by the market, the technical heart of the product is solid and innovative, and the business development plan is promising,” said Delphine Oung,“Obratori’s support gives us confidence that new technologies must be made available for female wellbeing,” the founders said jointly. “The bra has not changed in 100 years, while nine out of 10 women wear one every day.
This seed funding marks the first time Obratori has backed a clothing brand. Its 11 investments since its start in 2018 have been in , wellbeing and food tech. This year, the Marseille, France-based fund invested in Paper Cosmetics and Melifera, France’s first handcrafted and organic gin.-maker and seller that’s listed in Hong Kong, has brands including L’Occitane en Provence, Elemis, Melvita and Erborian. Its products are sold in more than 3,000 doors in 90 countries.
In the first six months of its current fiscal year, ended Sept. 30, L’Occitane registered net sales of 616.6 million euros, down 15.2 percent versus the same prior-year period.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Citizens of Humanity to Open First Store in AspenAfter nearly two decades in business, Citizens of Humanity is taking the plunge into retail. But rather than selecting a space in its hometown of Los Angeles, it instead looked east and snagged a space in Aspen, Colorado.
Read more »
11 Best Natural False Lashes in 2021 to Know and ShopVegan fibers, featherweight runway strips, magnetic starter kits—shop all the best supernatural lash brands.
Read more »
Must Read: Kerby Jean-Raymond's Really Big Idea, Hearst Is Launching an E-comm PlatformPlus, a plea to celebrities to stop launching beauty brands.
Read more »
German Police Carry Out Raids Over Alleged Anti-Vaxxer Assassination Plot Targeting State Officials Over Covid RestrictionsA group of anti-vaccination and anti-lockdown activists allegedly discussed plans to murder Saxony state’s premier and other senior officials on a Telegram chat group.
Read more »
German Anti-Vaxxer Group Raided By Police Over Alleged Plot To Kill Officials Who Introduced Covid RestrictionsA group of anti-vaccination and anti-lockdown activists allegedly discussed plans to murder Saxony state’s premier and other senior officials on a Telegram chat group.
Read more »
Allen Media Group Expands TV Station Ownership With Purchase of Alabama’s WCOV-TVByron Allen’s Allen Media Group has added another TV station to its broadcasting holdings with the purchase of Fox affiliate WCOV-TV in Montgomery, Ala. Allen Media Group paid $28.5 million i…
Read more »