{"id":4390,"date":"2019-04-23T12:23:09","date_gmt":"2019-04-23T06:53:09","guid":{"rendered":"https:\/\/www.vue.ai\/blog\/?p=4390"},"modified":"2023-10-19T16:29:39","modified_gmt":"2023-10-19T10:59:39","slug":"6-fashion-retail-brands-to-grow-into-billion-dollar-enterprises-this-year","status":"publish","type":"post","link":"https:\/\/www.vue.ai\/blog\/leaders-in-retail\/6-fashion-retail-brands-to-grow-into-billion-dollar-enterprises-this-year\/","title":{"rendered":"6 Fashion Retail Brands To Grow Into Billion Dollar Enterprises This Year"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a01e9929e60f\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a01e9929e60f\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.vue.ai\/blog\/leaders-in-retail\/6-fashion-retail-brands-to-grow-into-billion-dollar-enterprises-this-year\/#glossier\" title=\"Glossier\">Glossier<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.vue.ai\/blog\/leaders-in-retail\/6-fashion-retail-brands-to-grow-into-billion-dollar-enterprises-this-year\/#rent-the-runway\" title=\"Rent the Runway\">Rent the Runway<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.vue.ai\/blog\/leaders-in-retail\/6-fashion-retail-brands-to-grow-into-billion-dollar-enterprises-this-year\/#allbirds\" title=\"Allbirds\">Allbirds<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.vue.ai\/blog\/leaders-in-retail\/6-fashion-retail-brands-to-grow-into-billion-dollar-enterprises-this-year\/#farfetch\" title=\"Farfetch\">Farfetch<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.vue.ai\/blog\/leaders-in-retail\/6-fashion-retail-brands-to-grow-into-billion-dollar-enterprises-this-year\/#supreme\" title=\"Supreme\">Supreme<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.vue.ai\/blog\/leaders-in-retail\/6-fashion-retail-brands-to-grow-into-billion-dollar-enterprises-this-year\/#kendra-scott-jewelry\" title=\"Kendra Scott Jewelry\">Kendra Scott Jewelry<\/a><\/li><\/ul><\/nav><\/div>\n<span class=\"rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\">7<\/span> <span class=\"rt-label rt-postfix\">minutes<\/span><\/span><p><span style=\"font-weight: 400\">As of the beginning of 2019, CB Insights revealed that the global unicorn club, which comprises all private companies valued at $1 billion or more, has <\/span><a href=\"https:\/\/www.cbinsights.com\/research-unicorn-companies\"><span style=\"font-weight: 400\">more than 300 members<\/span><\/a><span style=\"font-weight: 400\">. This includes a decacorn with a value of over $10 billion and a hectocorn valued at over $100 billion. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Globally, the number of unicorns has been growing exponentially year after year with as many as <\/span><a href=\"https:\/\/www.cbinsights.com\/research\/unicorn-startup-market-map\/\"><span style=\"font-weight: 400\">119<\/span><\/a><span style=\"font-weight: 400\"> new companies hitting the +$1 billion valuations in 2018 compared to the <\/span><a href=\"https:\/\/www.cbinsights.com\/research\/unicorn-startup-market-map\/\"><span style=\"font-weight: 400\">71<\/span><\/a><span style=\"font-weight: 400\"> in 2017. So, it\u2019s safe to say that they are no longer as rare an occurrence as they used to be.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The fashion and beauty industries have been fast to see this growth too with labels ever so quickly making their journey from unknown start-ups to established brands in the span of just a few years. Beauty and fashion startups in the United States \u2013 New York specifically \u2013 are reportedly leading the way in venture funding this year with a total funding of <\/span><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-04-04\/new-york-s-fashion-startups-are-minting-unicorns?\"><span style=\"font-weight: 400\">$349 million<\/span><\/a><span style=\"font-weight: 400\">. This is certainly no surprise with brands like Glossier and Rent the Runway making their way into the unicorn club in the same week.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Here are 6 brands that made the journey to the &#8221;unicorn&#8221; status by earning billion dollar valuations.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"glossier\"><\/span><b>Glossier<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400\">Beauty brand Glossier is a recent entry into the unicorn club and has grown phenomenally over the years it has been in the industry. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Emily Weiss, the founder of Glossier, initially began the company as a beauty and fashion blog called <\/span><a href=\"https:\/\/intothegloss.com\/\"><span style=\"font-weight: 400\">Into the Gloss<\/span><\/a><span style=\"font-weight: 400\">. With time, Weiss began to realize that beauty has been a space dictated more by the brands rather than by the women who use the products which inspired her to formulate the idea for Glossier. Her mission was to democratize beauty \u2013 to make women feel good about themselves.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In 2014, Glossier was launched as a direct to consumer brand with a simple product line. The company leveraged social media \u2013 particularly Instagram \u2013 to spread the word and build a following and, over time, has successfully established a unique relationship with its consumers by making them its stakeholders. The brand\u2019s \u00a0inspiration for new products, experiences, and ways of building an enduring business has been largely driven by consumer insights from the very beginning. <\/span><\/p>\n<figure id=\"attachment_4391\" aria-describedby=\"caption-attachment-4391\" style=\"width: 750px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-4391\" src=\"https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2019\/04\/52357994_119985455812177_3247713619286745240_n-819x1024.jpg\" alt=\"\" width=\"750\" height=\"938\" srcset=\"https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2019\/04\/52357994_119985455812177_3247713619286745240_n-819x1024.jpg 819w, https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2019\/04\/52357994_119985455812177_3247713619286745240_n-240x300.jpg 240w, https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2019\/04\/52357994_119985455812177_3247713619286745240_n-768x960.jpg 768w, https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2019\/04\/52357994_119985455812177_3247713619286745240_n.jpg 1080w\" sizes=\"(max-width: 750px) 100vw, 750px\" \/><figcaption id=\"caption-attachment-4391\" class=\"wp-caption-text\">Source: Instagram<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">With consumers at the center of all its decisions, Glossier\u2019s <\/span><a href=\"https:\/\/www.retaildive.com\/news\/glossier-raises-100m-in-latest-funding-round\/550910\/\"><span style=\"font-weight: 400\">$100 million<\/span><\/a><span style=\"font-weight: 400\"> funding led by Sequoia Capital in March 2019 has justified itself and paved the path for the brand\u2019s entry into the unicorn club. In the near future, the brand is likely to capitalize on the recently announced <\/span><a href=\"https:\/\/www.vogue.co.uk\/article\/what-is-glossier-play\"><span style=\"font-weight: 400\">Glossier Play<\/span><\/a><span style=\"font-weight: 400\">, a new collection of makeup that promotes self-expression and creativity, and has reportedly been in the making for two years.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"rent-the-runway\"><\/span><b>Rent the Runway<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400\">Soon after Glossier made its way into the $1 billion club, clothing rental brand <\/span><a href=\"https:\/\/www.renttherunway.com\/\"><span style=\"font-weight: 400\">Rent the Runway<\/span><\/a><span style=\"font-weight: 400\"> became the second women-led business to achieve unicorn status in the same week.<\/span><\/p>\n<figure id=\"attachment_4408\" aria-describedby=\"caption-attachment-4408\" style=\"width: 750px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-4408\" src=\"https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2019\/04\/Screenshot-2019-04-23-at-4.53.13-PM-300x199.png\" alt=\"\" width=\"750\" height=\"498\" srcset=\"https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2019\/04\/Screenshot-2019-04-23-at-4.53.13-PM-300x199.png 300w, https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2019\/04\/Screenshot-2019-04-23-at-4.53.13-PM-768x510.png 768w, https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2019\/04\/Screenshot-2019-04-23-at-4.53.13-PM-1024x679.png 1024w, https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2019\/04\/Screenshot-2019-04-23-at-4.53.13-PM.png 1694w\" sizes=\"(max-width: 750px) 100vw, 750px\" \/><figcaption id=\"caption-attachment-4408\" class=\"wp-caption-text\">Source: The Washington Post<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">Rent the Runway was the result of brainstorming sessions of Harvard Business School graduates Jennifer Fleiss and Jennifer Hyman, who launched the company shortly after they finished college in 2009. The company was founded based on the idea of renting designer dresses to women for special occasions so that they would not have to buy these outfits. Over time, the brand extended the idea to everyday clothes through a subscription program called Unlimited, which had a lot of takers among the professional women demographic. Eventually, women weren\u2019t just looking to rent office wear but also activewear, maternity clothes, vacation outfits, jeans, and sweatshirts.<\/span><\/p>\n<p><span style=\"font-weight: 400\">With the increased demand for its offerings, it\u2019s no surprise that the company has hit the $1 billion mark through its most recent round of funding \u2013 a <\/span><a href=\"https:\/\/www.retaildive.com\/news\/rent-the-runway-sashays-to-unicorn-status\/551096\/\"><span style=\"font-weight: 400\">$125 million<\/span><\/a><span style=\"font-weight: 400\"> investment led by Franklin Templeton Investments and Bain Capital Ventures. The company plans to utilize the newly acquired funds to expand into more product categories and distribution centers. It also looks to enhance its subscription service by allowing consumers to rent more items at once than it allows currently and expand its drop-off location network.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"allbirds\"><\/span><b>Allbirds<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<figure id=\"attachment_4394\" aria-describedby=\"caption-attachment-4394\" style=\"width: 750px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-4394\" src=\"https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2019\/04\/Allbirds_M_Wool_Runner_Kotare_GREY_ANGLE_d5ff3b96-7251-4c1e-9ba8-c711434cc10d-300x300.jpeg\" alt=\"\" width=\"750\" height=\"750\" srcset=\"https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2019\/04\/Allbirds_M_Wool_Runner_Kotare_GREY_ANGLE_d5ff3b96-7251-4c1e-9ba8-c711434cc10d-300x300.jpeg 300w, https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2019\/04\/Allbirds_M_Wool_Runner_Kotare_GREY_ANGLE_d5ff3b96-7251-4c1e-9ba8-c711434cc10d-150x150.jpeg 150w, https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2019\/04\/Allbirds_M_Wool_Runner_Kotare_GREY_ANGLE_d5ff3b96-7251-4c1e-9ba8-c711434cc10d-768x768.jpeg 768w, https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2019\/04\/Allbirds_M_Wool_Runner_Kotare_GREY_ANGLE_d5ff3b96-7251-4c1e-9ba8-c711434cc10d-75x75.jpeg 75w, https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2019\/04\/Allbirds_M_Wool_Runner_Kotare_GREY_ANGLE_d5ff3b96-7251-4c1e-9ba8-c711434cc10d-80x80.jpeg 80w, https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2019\/04\/Allbirds_M_Wool_Runner_Kotare_GREY_ANGLE_d5ff3b96-7251-4c1e-9ba8-c711434cc10d.jpeg 1000w\" sizes=\"(max-width: 750px) 100vw, 750px\" \/><figcaption id=\"caption-attachment-4394\" class=\"wp-caption-text\">Source: Allbirds<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">There\u2019s a reason <\/span><a href=\"https:\/\/www.allbirds.com\/\"><span style=\"font-weight: 400\">Allbirds <\/span><\/a><span style=\"font-weight: 400\">pegs itself as the seller of the \u201cworld\u2019s most comfortable shoes.\u201d Founded by Joey Zwillinger and Tim Brown in 2016, this San Francisco-based footwear company shot to fame because it set itself apart with its focus on sustainability and the comfort of users. Its shoes are made of merino wool or eucalyptus tree fiber as opposed to the usual synthetics and provide unparalleled comfort to its users \u2013 many of whom say the shoes could just be fleece vests for their feet. <\/span><\/p>\n<p><span style=\"font-weight: 400\">With a direct to consumer model, Allbirds has capitalized on its unique values and used them to grow by racking up huge revenues in its first 2 years. And with its recent funding of <\/span><a href=\"https:\/\/www.forbes.com\/sites\/bizcarson\/2018\/10\/11\/sneaker-startup-allbirds-takes-flight-with-50-million-in-funding\/#38855b2d5d7d\"><span style=\"font-weight: 400\">$50 million<\/span><\/a><span style=\"font-weight: 400\"> by T. Rowe Price, Fidelity Investments, and Tiger Global, the company made its way into the unicorn club in October 2018.<\/span><\/p>\n<p><span style=\"font-weight: 400\">And although it began as an online brand, Allbirds has expanded to brick and mortar since then with stores in San Francisco and New York. With its latest funding, the brand has made its way into the UK with a physical store in London and plans to open more stores in the US and expand into Asia as well.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"farfetch\"><\/span><b>Farfetch<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400\">Although a relatively older entrant into the $1 billion valuation club, <\/span><a href=\"https:\/\/www.farfetch.com\/in\/\"><span style=\"font-weight: 400\">Farfetch\u2019<\/span><\/a><span style=\"font-weight: 400\">s journey to unicorn status is certainly worth talking about.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The company, which was founded by Jos\u00e9 Neves, came into existence with the idea to provide well-heeled consumers access to luxury retailers they may not have the opportunity to patronize. By allowing users to shop on their desktops and smartphones for luxury clothing and accessories from hundreds of exclusive boutiques the world over, the brand effectively bridged the gap between brick and mortar stores and e-commerce for luxury consumers.<\/span><\/p>\n<p><span style=\"font-weight: 400\">There\u2019s no denying that Farfetch has capitalized on the trend already established by <\/span><a href=\"https:\/\/www.net-a-porter.com\/in\/en\/\"><span style=\"font-weight: 400\">Net-a-Porter<\/span><\/a><span style=\"font-weight: 400\"> and <\/span><a href=\"https:\/\/www.modaoperandi.com\/women?gclid=Cj0KCQjw7sDlBRC9ARIsAD-pDFq3eRiQGZFvUJt7z-8gtnvuFyWthb6temxsklT2THl4jMEVeV937QQaAibYEALw_wcB\"><span style=\"font-weight: 400\">Moda Operandi<\/span><\/a><span style=\"font-weight: 400\">. However, what it does differently from its competitors is that it doesn\u2019t hold any inventory. Instead, it focuses on providing consumers a smooth international shopping experience by taking care of logistics, including duties and customs.<\/span><\/p>\n<figure id=\"attachment_4395\" aria-describedby=\"caption-attachment-4395\" style=\"width: 750px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-4395\" src=\"https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2019\/04\/12-april-vogue-news-Farfetch-300x200.jpg\" alt=\"\" width=\"750\" height=\"500\" srcset=\"https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2019\/04\/12-april-vogue-news-Farfetch-300x200.jpg 300w, https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2019\/04\/12-april-vogue-news-Farfetch-768x512.jpg 768w, https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2019\/04\/12-april-vogue-news-Farfetch-1024x683.jpg 1024w, https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2019\/04\/12-april-vogue-news-Farfetch.jpg 1440w\" sizes=\"(max-width: 750px) 100vw, 750px\" \/><figcaption id=\"caption-attachment-4395\" class=\"wp-caption-text\">Source: Vogue<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">When the brand made its way into the unicorn club back in 2015, it was one of the few fashion startups there. So, it\u2019s no surprise that its current worth is over <\/span><a href=\"https:\/\/www.fastcompany.com\/90264934\/the-future-of-fashion-is-made-to-order-according-to-farfetch-ceo-jose-neves\"><span style=\"font-weight: 400\">$7 billion<\/span><\/a><span style=\"font-weight: 400\">. Today, the company encompasses the original selling platform \u2013 which sells items from more than 980 stores and brands \u2013 white-label e-commerce services for designers like <\/span><a href=\"https:\/\/www.thombrowne.com\/in\/\"><span style=\"font-weight: 400\">Thom Browne<\/span><\/a><span style=\"font-weight: 400\"> and <\/span><a href=\"https:\/\/www.dereklam.com\/in\/\"><span style=\"font-weight: 400\">Derek Lam<\/span><\/a><span style=\"font-weight: 400\"> as well as physical retail stores \u2013 including its <\/span><a href=\"https:\/\/aboutfarfetch.com\/about\/store-of-the-future\/\"><span style=\"font-weight: 400\">store of the future<\/span><\/a><span style=\"font-weight: 400\"> powered by Augmented Reality.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"supreme\"><\/span><b>Supreme<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400\">Since its inception in 1994 by James Jebbia, Supreme has gone from being a streetwear brand that successfully competes with luxury brands like Louis Vuitton to a Louis Vuitton-collaborating behemoth that keeps its skate culture alive.<\/span><\/p>\n<figure id=\"attachment_4396\" aria-describedby=\"caption-attachment-4396\" style=\"width: 750px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-4396\" src=\"https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2019\/04\/supreme-brooklyn-store-neil-logan-architect-interiors-retail-new-york-city-usa_dezeen_2364_hero-1704x959-300x169.jpg\" alt=\"\" width=\"750\" height=\"422\" srcset=\"https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2019\/04\/supreme-brooklyn-store-neil-logan-architect-interiors-retail-new-york-city-usa_dezeen_2364_hero-1704x959-300x169.jpg 300w, https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2019\/04\/supreme-brooklyn-store-neil-logan-architect-interiors-retail-new-york-city-usa_dezeen_2364_hero-1704x959-768x432.jpg 768w, https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2019\/04\/supreme-brooklyn-store-neil-logan-architect-interiors-retail-new-york-city-usa_dezeen_2364_hero-1704x959-1024x576.jpg 1024w, https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2019\/04\/supreme-brooklyn-store-neil-logan-architect-interiors-retail-new-york-city-usa_dezeen_2364_hero-1704x959.jpg 1704w\" sizes=\"(max-width: 750px) 100vw, 750px\" \/><figcaption id=\"caption-attachment-4396\" class=\"wp-caption-text\">Source: dezeen<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">Its expansion from one store on Lafayette Street to 11 boutiques globally \u2013 one of which is complete with a giant skate bowl \u2013 is a clear indicator of this. And there\u2019s no denying that a large part of this success is because of its product drop retail model \u2013 through which the brand retains the exclusivity of its products by controlling their supply and releasing them in limited quantities. Even if the products are exorbitantly priced, consumers rush to buy them because they are limited edition.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The retail model has clearly worked out well in the brand\u2019s favor and has catapulted it to unicorn status. In 2017, the private equity firm The Carlyle Group acquired a 50% stake in the business for <\/span><a href=\"https:\/\/www.bizjournals.com\/newyork\/news\/2017\/10\/11\/carlyle-buys-stake-in-skater-brandsupreme.html\"><span style=\"font-weight: 400\">$500 million<\/span><\/a><span style=\"font-weight: 400\">, valuing Supreme at $1 billion. The brand is speculated to have plans to open more retail stores the world over with the recent infusion of funds.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"kendra-scott-jewelry\"><\/span><b>Kendra Scott Jewelry<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><a href=\"https:\/\/www.kendrascott.com\/\"><span style=\"font-weight: 400\">Kendra Scott<\/span><\/a><span style=\"font-weight: 400\"> began her namesake jewelry company in her spare bedroom with all of $500 in 2002. Determined to turn her love for jewelry into a business, Scott started by selling pieces door-to-door. Since then, her brand has expanded remarkably and sells its quality, affordable jewelry at 75 of its own stores, both retail and online, and fashion retail outlets like Nordstrom, boutiques.<\/span><\/p>\n<figure id=\"attachment_4402\" aria-describedby=\"caption-attachment-4402\" style=\"width: 750px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-4402\" src=\"https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2019\/04\/Screenshot-2019-04-23-at-4.43.07-PM.png\" alt=\"\" width=\"750\" height=\"502\" srcset=\"https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2019\/04\/Screenshot-2019-04-23-at-4.43.07-PM.png 1216w, https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2019\/04\/Screenshot-2019-04-23-at-4.43.07-PM-300x201.png 300w, https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2019\/04\/Screenshot-2019-04-23-at-4.43.07-PM-768x514.png 768w, https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2019\/04\/Screenshot-2019-04-23-at-4.43.07-PM-1024x685.png 1024w\" sizes=\"(max-width: 750px) 100vw, 750px\" \/><figcaption id=\"caption-attachment-4402\" class=\"wp-caption-text\">Source: Entrepreneur India<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">Its in-store color bars, where women can customize their jewelry, are one of the primary reasons the brand has grown the way it has. The company has also outgrown Scott\u2019s bedroom to occupy an Austin-based office with a fitness center, caf\u00e9, and nail salon.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In 2016, Boston private equity firm Berkshire Partners <\/span><a href=\"https:\/\/www.forbes.com\/sites\/clareoconnor\/2017\/05\/17\/kendra-scott-richest-self-made-women-net-worth-jewelry\/#67720bc2600a\"><span style=\"font-weight: 400\">acquired a minority stake<\/span><\/a><span style=\"font-weight: 400\"> in the company, valuing it at $1 billion and paving the way for its entry into the unicorn club. Since then, the brand has expanded into home d\u00e9cor and beauty products and has been working to open more physical retail outlets in regions where its traction has been minimal.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Once as rare as ever and justifying the unicorn status for companies hitting the $1 billion valuation mark is becoming quite plentiful today with funding rounds of $100 million or more becoming a common occurrence. Many fashion and beauty companies are finding their way into this once-exclusive club by paying attention to constantly changing consumers\u2019 needs. Brands like <\/span><span style=\"font-weight: 400\">lingerie label,\u00a0<\/span><a href=\"https:\/\/www.retaildive.com\/news\/forbes-thirdlove-away-and-poshmark-are-potential-retail-unicorns\/540153\/\"><span style=\"font-weight: 400\">ThirdLove<\/span><\/a><span style=\"font-weight: 400\"> and <\/span><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-02-12\/this-near-1-billion-startup-is-led-by-a-27-year-old-female-ceo\"><span style=\"font-weight: 400\">Singapore-based fashion platform, Zilingo<\/span><\/a><span style=\"font-weight: 400\"> are near the $1B mark and are likely to reach unicorn status soon. With the unicorn trend on the rise, one thing is for sure \u2013 companies that are functioning at high momentum are likely to have investors wanting to pour funds into them because of the rising interest to invest in the next big winner. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\">7<\/span> <span class=\"rt-label rt-postfix\">minutes<\/span><\/span> As of the beginning of 2019, CB Insights revealed that the global unicorn club, which comprises all private companies valued at $1 billion or more, has more than 300 members. This includes a decacorn with a value of over $10 billion and a hectocorn valued at over $100 billion. Globally, the number of unicorns has  &#8230;<\/p>\n","protected":false},"author":23,"featured_media":4410,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1160,1522],"tags":[209,256,88,23],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>6 Fashion Retail Brands To Grow Into Billion Dollar Enterprises This Year | Vue.ai Blog<\/title>\n<meta name=\"description\" content=\"The fashion and beauty industries have been embarking on their journey from unknown start-ups to established brands in the span of a few years.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.vue.ai\/blog\/leaders-in-retail\/6-fashion-retail-brands-to-grow-into-billion-dollar-enterprises-this-year\/\" 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