In this episode of Daily Dispatch powered by HSBC, Rishi Vasudev, Co-founder and Director of G.O.A.T Brand Labs, discusses the company’s recent acquisition and its plans for future growth. G.O.A.T Brand Labs recently acquired Label Life, a strong D2C brand in the online women’s western wear space, and is enthusiastic about scaling it to new heights.
2022 holds promising opportunities for G.O.A.T Brand Labs, with plans to acquire 10-12 more brands in the next few months and a pipeline of brands in discussions for potential acquisition. The company aims to invest in and raise funds for these brands to further drive growth in the D2C space.
Rishi Vasudev emphasizes the immense potential in the online fashion market, with e-commerce penetration expected to grow significantly over the next decade. He identifies the challenges faced by D2C brands in scaling up, such as limited bandwidth and resources, and highlights G.O.A.T Brand Labs’ role in supporting these brands to realize their growth potential.
In terms of key metrics, G.O.A.T Brand Labs sets ambitious revenue targets, aiming to achieve a turnover of a billion dollars in three years and two billion dollars in five years. Additionally, the company plans to acquire over 150 brands and drive at least 2x growth for each brand within the first year of acquisition.
The conversation concludes with an insightful discussion on leveraging economies of scale to bring about profitability benefits to the brands under G.O.A.T Brand Labs. The episode provides valuable insights into the D2C industry and the growth strategies employed by G.O.A.T Brand Labs.
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