Chalhoub Sustainability Report 2021
PARTNERS
Partnering for
innovative & diverse
business growth
Our main incubators, the Retail Tech Accelerator, and the Greenhouse
provide a nurturing environment for emerging and disruptive fashion
and beauty brands. Their objective is to promote diverse economic
growth while keeping us current with disruptors in our sector.
Our main incubators, the
Retail Tech Accelerator, and the Greenhouse provide a nurturing environment for emerging and disruptive fashion and beauty brands. Their objective is to promote diverse economic growth while keeping us current with disruptors in our sector.
HIGHLIGHTS
14
BRANDS AND STARTUPS
SELECTED FROM 16 WHO
JOINED THE PROGRAMS
4
BEAUTY BRANDS
5
FASHION BRANDS
5
RETAIL TECH START UPS
Our first beauty incubator was launched in 2021 to help discover innovative and disruptive emerging brands from the Middle East and North Africa. We also launched our fashion brand incubator with a focus on identifying innovators and disruptors in Saudi Arabia.
Both initiatives have helped support young talents while enhancing our brand offerings.
This was most palpable on faces.com, where brands emerging from the beauty incubator reaped excellent results. We are also in negotiations regarding investment into MZN Body Care which emerged from our beauty incubator.
The launch of Saudi Arabia’s first Fashion Lab provides local designers with a viable and trusted platform to grow their businesses. It builds on Chalhoub Group’s commitment to identify and boost innovative Saudi fashion brands.
Our Fashion Lab is promoting innovation in Saudi Arabia’s fashion industry and creating young fashion champions from the Kingdom, who are getting access to mentorship, funding, and end- to-end support from fashion experts.
This year, the Chalhoub Greenhouse supported emerging brands focused on streetwear, sustainable fashion, contemporary design, and accessories with a unique story to tell.
In 2022, we are launching our Start-up Studio with the aim of inviting entrepreneurs to join us as our ‘Entrepreneur in Residence’ for two months every year.
Our Startup Studio is set to become a platform of co-creation with the region’s best and brightest entrepreneurs creating start-ups the customers of tomorrow desire most. The partnerships we forge under the umbrella of our Greenhouse help promote a competitive landscape where small enterprises can compete on a more even playing field with larger brands.