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Ushopal, a leading luxury beauty group in China that works with international brands including Natura Bisse, Juliette Has a Gun and Chantecaille, has announced the completion of a $100 million round of financing.
This injection, led by FountainVest Partners (part of the consortium that recently acquired Arc’teryx parent company, Amer Sports) increases Ushopal’s investment pool to $200 million, which it says will be used to ramp up growth for its brands in China and the Asia Pacific market.
Ushopal has recently built out its operations to include Bonnie & Clyde (BC), a chain of multi-brand brick and mortar beauty stores, but it also supports beauty brand partners with its network of 2,500 luxury influencers, an in-house content studio, branding team, Tmall retail operations and global logistics.