Target Corporation launches Haeze fragrance brand in partnership with Very Great
What happened
Haeze, a new fragrance brand, is launching exclusively at Target stores and target.com on November 1. The brand was codeveloped with Target and is the first beauty brand from Very Great. The fragrances were created in partnership with Swiss fragrance house Givaudan.
From wwd.com
Why it matters
The launch allows Target to expand its presence in the beauty market. Haeze challenges the traditional concept of a signature scent, encouraging consumers to build a fragrance wardrobe. This move increases competition within the beauty retail space.
From wwd.com
Who's involved
- Target CorporationAmerican retailer launching the Haeze fragrance brand.
- AndersonCreative director who helped develop the Haeze brand.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Ulta BeautySpeculative
Ulta Beauty might face increased pressure on sales and market share from the new fragrance line.
- Kim BakerSpeculative
Kim Baker's existing beauty partners might face increased competition for consumer demand.
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The entities involved
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Target Corporation
American retailer and supermarket chain