American Exchange Group acquires Indie Lee

Quick Summary:

The Aerosoles owner plans to grow the brand beyond skin care, as well as explore diffusion brands through licensing and brand expansion.

The beauty space has been one of retail’s hot categories for M&A activity in recent years.

"Beauty and personal care are among the fastest-growing categories, and with this acquisition, AXNY Group is poised to become a dominant leader in the space.

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Article Details

Author / Journalist: Howard Ruben

Category: EconomyBusiness

Markets: United States

Topics: Acquisition Acquired Exchange Beauty American Brands Brand Licensing Care Group Indie

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-24 @ 10:48:00 (19 hours ago)

News Timezone: GMT +8:00

News Source URL: retaildive.com

Language: English

Article Length: 314 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Retail Dive

News ID: 21763985

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Official Website: retaildive.com

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Headquarters: United States

News Last Updated: 19 hours ago

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