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.

ROYALS | Wedding Gown Of U.K.’S Princess Beatrice Goes On Show

The gown worn by Britain’s Princess Beatrice at her scaled down wedding two months ago goes on display to the public on Thursday at Windsor Castle where her ‘secret’ marriage took place. Beatrice, Queen Elizabeth granddaughter, tied the knot with Edoardo Mapelli Mozzi at the castle to the west of London in July in a … Continue reading ROYALS | Wedding Gown Of U.K.’S Princess Beatrice Goes On Show

PARIS FASHION WEEK | Audemars Piguet To Debut At Paris Fashion Week With Ralph & Russo

Paris Fashion Week is set for September 28 to October 6 in both digital and physical form, and luxury watch brand Audemars Piguet is all set to make its debut on the catwalk. The brand is partnering with London couture fashion house Ralph & Russo as it unveils its Spring / Summer 2021 Pret – … Continue reading PARIS FASHION WEEK | Audemars Piguet To Debut At Paris Fashion Week With Ralph & Russo

BACK 2 SCHOOLS | CNN Launches Abu Dhabi Academy For Journalists

The First CNN Academy in the world has opened its doors for applications for journalists of the future to learn about multiplatform storytelling. Starting in January 2021, the intensive learning program will offer a fulltime five-week course with a combination learning sessions and in – person workshops that will take place at CNN at Twofour54 … Continue reading BACK 2 SCHOOLS | CNN Launches Abu Dhabi Academy For Journalists

EMPOWER OF WOMEN | Iranian Actor Golshifteh Farahani Joins Dior Beauty’s Empowering New Initiative

French fashion house Dior has launched its new initiative dedicated to remarkable women from around the world. Inspired by its rich history and extraordinary women, the house of Dior, alongside Christian Dior Parfums, has created its #DIORSTANDSWITHWOMEN and #DIORCHINUP initiatives, to celebrate the impact women have on the world. The initiative, marked by a series … Continue reading EMPOWER OF WOMEN | Iranian Actor Golshifteh Farahani Joins Dior Beauty’s Empowering New Initiative

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