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Agenda-setting intelligence, analysis and advice for the global fashion community.

What Happened at Parade

The underwear start-up was once pegged as Gen-Z’s answer to Victoria’s Secret. But investors, executives and founder Cami Téllez couldn’t agree on whether to prioritise growth or profitability. They ended up with the worst of both worlds.
Models wear Parade's gender expansive line in "New Cotton"
Parade’s playful and inclusive sex appeal made it feel like Gen-Z's answer to Victoria's Secret, making its exit to an obscure licensing firm all the more shocking. (Parade )

In December 2021, underwear start-up Parade opened its first store, a 2,300-square-foot holiday pop-up that brought its signature brightly-hued undergarments, a Gen-Z favourite, to New York’s Soho neighbourhood.

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Further Reading

Parade Takes On Victoria’s Secret

The direct-to-consumer lingerie upstart is entering the critical bra category with $10 million of new funding and unique grip on the consumer psyche of Generation-Z. Could it be the one to finally unseat the industry’s dominant player?

The Direct-to-Consumer Reckoning

For fashion start-ups, raising money and growing sales came easily. But with costs rising and profits elusive, securing a happy ending for investors is proving much harder.

About the author
Malique Morris
Malique Morris

Malique Morris is Senior E-Commerce Correspondent at The Business of Fashion. He is based in New York and covers digital-native brands and shifts in the online shopping industry.

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