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Luxe-for-less leader MCoBeauty talks international expansion

Inside Retail

Founded in 2016, luxe-for-less beauty brand MCoBeauty has seen massive growth over the past several years, and is expecting revenue growth of up to 90 per cent in 2023. With international expansion on the horizon, we sat down with founder and CEO Shelley Sullivan to talk through the brand’s journey, as well as what makes it tick.

Expansion 245
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Oakberry eyes Australian expansion after $100 million capital infusion

Inside Retail

Brazilian-founded Acai brand Oakberry is planning to expand its store network across many markets, including Australia, after raising $100 million (US$67 million) in Series C funding. The brand is now exploring co-investment opportunities in Australia and Portugal as additional priority markets for funding allocations.

Expansion 162
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VIDEO: How streetwear unicorn StockX keeps one step ahead of customers

Inside Retail

The Detroit-based platform first launched in 2016 as an online marketplace and now sells into more than 200 countries and territories. Earlier this year, it entered the Australian market and in May, it opened an authentication hub in Melbourne.

Expansion 242
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US entrepreneur snaps up Pizza Hut Australia

Inside Retail

The investment marks Flynn’s first international expansion beyond its US network of franchisee operations. Over time, Flynn looks forward to expanding its global reach further with new concepts and markets.” Brands in 2016, Allegro has grown Pizza Hut Australia’s franchised store network to nearly 260.

Concept 246
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Carl’s Jr. new master franchise plans 27 new stores this year

Inside Retail

The burger brand’s parent company CKE Restaurants Holdings has signed an agreement with CJ’s QSR (Franchise) Group, which will now oversee expansion of the US brand across the country. We already have a support office in Victoria, a construction manager, marketing manager and head of franchise. Since introducing Carl’s Jr.

Planning 246
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Korean beauty industry giant Amorepacific charts new course in global markets

Inside Retail

South Korea’s beauty conglomerate Amorepacific announced at its recent Investor Day that it is shifting focus from China to the US and European markets while seeking new brand acquisitions. China, which generated half of the company’s Asian revenue in 2023, has diminished as a key market. billion won (US$85.3

Marketing 130
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7-Eleven reveals new CEO, Angus McKay exits for $1.9m Bapcor role

Inside Retail

Angus McKay, 7-Eleven CEO since 2016, is moving into the automotive world as executive chair and CEO at Bapcor. Hayes’ remit was to grow the business through store operations and new channels to market. Throughout his career he has brought a strategic approach to expansion and operational efficiency.

Expansion 237