FASHION | Huda And Mona Kattan Champion Sustainability By Investing In This Luxury Resale Platform

Following its launch in 2012, The Luxury Closet has gone on to become one of the world’s leading luxury resale platforms. A celebration of circular-fashion, the brand’s business model is centered around an aspirational dream in which value – oriented shoppers can make purchases rooted in both, quality and sustainability. Now, in a strategic partnership founded on harnessing the combined knowledge of consumer behavior in fashion and beauty. The Luxury Closed has welcomed Huda Beauty Investment (HBI) onto their board of shareholders.

As a principal shareholder in the business, HBI will apply their expertise to areas such as brand development and social media. In a bid to expedite growth across markets, the partnership will also drive awareness towards the concept of resale. Alongside the brand’s existing board of shareholders; including Middle East Venture Partners (MEVP), Wamda Capital, Knuru Capital, and Precinct Partners, HBI will be represented by Mona Kattan, Co-Founder and Global President of Huda Beauty.

In a statement released today, CEO and Founder of The Luxury Closet, Kunal Kappor said, ‘Given the economic situation, people are increasingly valuing circular businesses as they are an affordable and sustainable way to refresh their wardrobes’. Going  on to address the partnership he continued, ‘HBI’s investment in The Luxury Closet is excellent news for our company. The partnership will help us bring the concept to a whole new audience.’ Also commenting on their new investment Chairperson of HBI Mona Kattan said, ‘I have always been an advocate of circular fashion, and I am very excited about our endeavors with The Luxury Closet’. ‘At the beginning of our entrepreneurial journey, we did not have the means to purchase fashion Luxury items and thus opted for vintage and second-hand shops’, said Kattan. ‘I’m very pleased to be part of the board alongside likeminded individuals and a business that offers a unique service that fills a major gap in the board alongside likeminded individuals and a business that offers a unique service that fills a major gap in the market’.

As the private investment office of the founders of Huda Beauty, HBI intends to incubate and invest in early-stage businesses. Through the application of their unique marketing and distribution platforms, the office helps brand such as The Luxury Closet grow and expand. Led by Huda Beauty founders, Huda, Alya and Mona Kattan, and Christopher Goncalo, the office is based in Dubai and headed by CEO Karan Wats.

Spain Lauds Queen Letizia’s Modernizing Role As She Turns 50

PARIS, France – Spain’s Queen Letizia turned 50 on Thursday. It’s only a birthday but Spain is taking the opportunity to assess its scarred monarchy and ponder how the arrival of a middle-class commoner may help shake up one of Europe’s most storied royal dynasties into a modern and more palatable institution. Divorced and a … Continue reading Spain Lauds Queen Letizia’s Modernizing Role As She Turns 50

‘Important Work Can’t Wait For Tomorrow’: Meghan’s First UK Speech Since Royal Departure

LONDON – The Duchess of Sussex made her first public address in the UK yesterday since stepping down as a senior royal in 2020. Meghan addressed audience at the opening ceremony for One Young World in Manchester, where young leaders from more than 190 countries were present to listen to a number of notable figures … Continue reading ‘Important Work Can’t Wait For Tomorrow’: Meghan’s First UK Speech Since Royal Departure

Your Taste Preferences Could Be Down To Your Genes, A New Study Reveals

Olives, chilies, anchovies, tofu, sushi, liquorice, blue cheese, mushrooms and mayonnaise. Are you a fan of all these foods? It would be very surprising if you were. But why do people love certain foods and turn their noses up at others? A new study reveals that the reason is not just to do with people’s … Continue reading Your Taste Preferences Could Be Down To Your Genes, A New Study Reveals

Prince William And Kate’s Children To Start New School Near Windsor

LONDON – The three young children of Britain’s Prince William and his wife Kate are to start at a new school next month, his office announced on Monday, as the family prepare to move to a new home on his grandmother Queen Elizabeth’s Windsor Castle estate. Prince George and Louis, aged 9 and 4, and … Continue reading Prince William And Kate’s Children To Start New School Near Windsor

3 Surprising Bad Things That Can Happen If You Eat Many Nuts

PARIS, France – You already know nuts are incredibly healthy. The crunchy snack is associated with better heart health, lower cholesterol, and even weight loss. ‘The benefits of nuts definitely outweigh any other drawbacks or cons’, says Jerlyn Jones, R.D.N., L.D., spokesperson for the Academy of Nutrition and Dietetics and owner of The Lifestyle Dietitian. … Continue reading 3 Surprising Bad Things That Can Happen If You Eat Many Nuts

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