The global tourism market is growing steadily, outperforming the global economy, with both arrivals and inbound receipts set to grow. The tourism industry fulfills the longing for foreign countries and cultures and is one of the most important economic factors. Low-cost airlines allow shopping trips into international markets and accessories are gladly bought abroad, in order to make the own wardrobe even more individual and more unusual. For the consumer, brands play an important role in the purchase of accessories. However, brand awareness has changed in recent years, especially through social media and bloggers, who play an important role in how the brand is perceived and what target group it addresses.
industries
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Retail
Accessories
— Statista
Revenue
Select Advertising M&A Transactions
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sold
Rebecca Minkoff Brands
retail — Accessories
The Rebecca Minkoff brand launched in 2005, and developed a following for its leather handbags. The company has been at the forefront of technology experimentation in fashion; launching rental, NFTs and even an OnlyFans account. In a 2019 interview, Minkoff said the brand had “north of $100 million” in gross sales, according to CNBC. However, the company was hit hard during the pandemic and struggled with its wholesale accounts cancelling orders.
Acquired by Sunrise Brands
sold
Rocksbox
retail — Accessories
Rocksbox was launched in 2012 by Rose, a jewelry lover and former strategy consultant, with an inspiring mission: "To bring the joy of jewelry to every person." Rocksbox invites monthly members to rent and swap exclusive and designer jewelry styles, using its intuitive online platform. Today, the company's growing customer base consists of women who are stylish and tech savvy. Rocksbox is a leader in the circular economy, ensuring customers have the latest trending jewelry at an affordable price point while also delivering sustainability benefits as items are circulated and re-used throughout the marketplace.
Acquired by Signet Jewelers
sold
S'well
retail — Accessories
Founded in 2010, S’well is a global designer, wholesaler and retailer of reusable, vacuum-insulated products. It is best known for creating the first, reusable hydration fashion accessory. S’well's products can be purchased through omnichannel retail partners, specialty stores, co-branded partnership opportunities, and its own direct-to-consumer website.
Acquired by Lifetime Brands