American Exchange Group (AXNY Group), an industry leader in accessories design, licensing, and manufacturing, has acquired the beauty incubator HatchCollective.
WHO: Los Angeles-based beauty incubator HatchCollective was founded in 2009, supporting its retail partners across channels from trend intelligence and brand ideation to product launch and brand support. The current brand portfolio includes NatureWell, Found Active, Orlando Pita Play, TXTUR, and Paint & Petals.
WHY: This deal marks another strategic milestone for American Exchange Group, as it is a significant step into the beauty and personal care space. Over the past two years, American Exchange Group has acquired footwear brands Aerosoles and White Mountain as well as creative services and digital marketing company Giant Propeller. These acquisitions align with American Exchange Group’s overarching growth and lifestyle strategy to identify brands, partnerships, and opportunities that provide value to a wide range of consumers.
IN THEIR OWN WORDS: "I have always believed in a head-to-toe approach when building our brand portfolio, seeking out opportunities that genuinely enrich and enhance the lives of our consumers and HatchCollective along with their range of trusted and science-backed beauty and personal care products fits perfectly into that strategy,” said Alen Mamrout, CEO of American Exchange Group. “Just like the recent addition of Aerosoles and White Mountain footwear brands to our portfolio, both of which are celebrated for their comfort and innovation, we've consistently aimed to provide our customers with trend right products that offer a value at an affordable price point. This acquisition is a tremendous opportunity for us to not only expand our footprint but also to deepen our commitment to delivering products that resonate with our customers' evolving needs. By integrating HatchCollective's exceptional offerings, we are poised to carve out an even more impactful presence in the beauty and personal care space, maximize market share and gain the trust of a broader audience.”
“In today's consumer marketplace, there's an undeniable surge in demand for health and wellness products that enhance our everyday lives. Beauty and personal care are one of the fastest growing categories and with this acquisition we are positioned to be the next dominant leader in the space. We are not only embracing a strategic opportunity for expanded growth but also aiming to introduce HatchCollective and their internationally recognized and amazing product lines to our well-established retailer portfolio,” said Steve Velasquez, Chief Strategy Officer at American Exchange Group.
“We are excited to embark on this journey with American Exchange Group, combining our resources and expertise to create something truly extraordinary in the beauty industry. This partnership will enhance our ability to innovate, expand into new markets, and deliver exceptional experiences to our valued customers,” said Hatch’s President and Chief Commercial Officer Kristin Bibb. “We look forward to a future filled with shared success and continued excellence in the beauty industry.”
DETAILS:
