Satisfy has redefined the intersection of fashion and running, establishing a distinctive niche over the past decade. Founded by Brice Partouche, formerly of April 77, Satisfy combines high-performance designs with a grunge-inspired aesthetic, catering specifically to long-distance runners. This ethos has shaped the brand’s business strategy, enabling the steady development of a meticulously curated global distribution network. Following an initial €2.5 million funding round backed by Bpifrance and notable investors such as Ian Rogers, Olivier Cantet, and Tony Fadell, Satisfy is now entering a new phase of accelerated growth. Antoine Auvinet, who officially joined the company as CEO at the end of 2024, has now told FashionNetwork.com the brand has successfully completed an €11 million Series B funding round. Auvinet talked about the ambitious vision for the French brand, which exceeded €10 million in revenue in 2024.
FashionNetwork.com: You recently took on the role of CEO at Satisfy. Could you share more about your background and your goals for the brand?
Antoine Auvinet: I met Brice [Partouche, founder of Satisfy] and the team in February last year. A few months later, we started working together to build a business plan and secure funding. By the end of December, we closed a Series B round worth just over €11 million. My mission now is to shape and guide the team, bringing in specialists to cement Satisfy as a strong brand with a compelling community and message.
FNW: Satisfy is celebrating its 10th anniversary this year. What are your thoughts on its evolution so far?
AA: Over the past decade, Satisfy has achieved something remarkable by fully realising its creative vision and establishing a brand with real depth. It’s incredibly impressive.
FNW: Especially considering that the concept Brice developed—a fusion of running and high-end fashion—didn’t exist at the time.
AA: Exactly. Satisfy was ahead of its time, pioneering the hybridisation of sport and lifestyle. Now, we’re perfectly positioned to capitalise on that vision. The market is ready, and the brand’s maturity has aligned with this moment.
FNW: How do you plan to use the newly raised funds to fuel growth?
AA: Over the past year, we’ve expanded from a team of 20 to nearly 45 employees. This growth reflects a focused effort, particularly in hiring senior-level talent to drive our expansion and structure the organisation. We’ve created new roles in merchandising and built a network of agents. Crucially, we’ve recruited high-calibre profiles that startups usually can’t afford. For instance, Elliott Leppard, former CFO at Palace Skateboards, and Jean-Marc Djian, a leader in the footwear industry, have joined us. Siidaa Aberra, who joined before I did, has already streamlined our supply chain. These hires not only strengthen our capabilities but also bring credibility to our vision when presenting it to investors.
FNW: This is Satisfy’s second funding round. Given the current challenges in the sector, how did you convince investors to back the brand by injecting fresh capital?
AA: Satisfy’s appeal lies in its unique positioning at the intersection of sport and fashion. Securing €11 million in today’s climate is no small feat. This round brought together both existing investors who continue to believe in our vision and a new European investment fund specialising in lifestyle industries. Importantly, Brice remains the majority shareholder and creative director, ensuring the brand’s identity and authenticity are preserved.
FNW: What are your growth objectives?
AA: Our fiscal year ends in February, and we’re on track to double our revenue year-on-year, reaching €11–€12 million. We’re confident we can maintain this momentum over the next two years, with the ultimate goal of multiplying our revenue tenfold within five years. The brand is still in its early stages, and we have the space and potential to scale up. Topping the €10 million mark was a significant milestone, and we’ve built a strong community of 250,000 Instagram followers, which enhances our visibility and momentum. Recently, we hosted a run in Paris—a long slow distance (LSD) session—on a Saturday morning at -1°C, and 250 participants showed up. It’s a clear indication of how deeply people connect with the Satisfy story.
FNW: How will you scale up without compromising the brand’s exclusivity?
AA: Coming from the fashion industry, I’ve seen many brands lose their essence by trying to appeal to everyone. However, some manage to retain the aura that resonated with people from the start. For Satisfy, this means unwavering dedication to product quality, innovation, and craftsmanship. Our range will always offer technical excellence and added value for athletes and pro runners. We’re deeply involved with our pro athlete teams and broader community, integrating their insights directly into product design and testing. Between €10 million and €100 million in revenue, the key challenge isn’t staying true to our values—it’s ensuring flawless execution.
FNW: What are your product and distribution plans?
AA: In July, we’ll launch our first trail running shoe, The Rocker. Footwear is a significant growth opportunity because, for most sports brands, it represents a larger share of revenue than apparel. Shoes also enhance brand visibility in retail environments. We’re also unveiling a women’s collection specifically tailored to female athletes, while maintaining Satisfy’s distinctive aesthetic. Additionally, we’ve introduced a climbing-inspired line that expands our narrative, allowing us to tell stories beyond running—such as what happens before or after a run. In terms of distribution, we’re fortunate to have relevance across multiple channels, including running stores, outdoor retailers, high-end boutiques, and department stores.
FNW: Are there plans to open standalone stores?
AA: While we’re continually optimising our e-commerce platform in multiple languages, we feel the time is right to explore retail. We’re currently evaluating a project to open 10–12 standalone stores over the next five years in culturally significant cities.
FNW: How do collaborations fit with Satisfy’s strategy?
AA: Brice is in charge of creativity, and we’re always looking for interesting collaborations. In the past, we’ve had great success partnering with footwear brands. However, now that we’re entering the footwear market ourselves, we’ll shift our focus to new product categories. We already have several promising collaborations in the pipeline, but we’ll approach them selectively, ensuring they align with our brand story and ethos. Long-term partnerships that genuinely resonate with both brands are what we value most.
FNW: Satisfy already has an international presence. What are your geographic priorities?
AA: The U.S. is our largest market, contributing 40% of our e-commerce revenue. South Korea has recently become our second-largest market, and we’ll continue focusing efforts there. Europe, the UK, and Scandinavia are also key regions. Our e-commerce-driven model enables us to scale up efficiently across these markets.
FNW: What is the biggest challenge for Satisfy?
AA: Our main challenge is executing this ambitious growth plan effectively. We’re a tight-knit team that includes the founder and core members who have been with us from the start. The rise of sportswear as the new streetwear, now capturing the attention of luxury players, presents a unique opportunity for Satisfy. Our challenge is to seamlessly blend performance innovation with premium fashion while remaining rooted in culture and maintaining a bold, authentic perspective on running and performance.
Burberry announced a key appointment on Friday with the luxury business saying it will soon have a new chief information officer.
It has appointed Charlotte Baldwin to the role and she’ll join the business at the end of March. Baldwin will be responsible for leading Burberry’s global technology team and will join the executive committee. She’ll report directly to Burberry CEO Joshua Schulman.
He described her as “a highly experienced technology and digital leader with a track record of leading large-scale digital transformation”.
She hasn’t previously worked in the luxury fashion sector but has wide-ranging experience across some major-name businesses in Britain.
She’s currently the global chief digital and information officer at coffee chain Costa Coffee where she oversees the company’s technology, digital and data organisation.
Prior to joining that firm, she was the chief information, digital and transformation officer at private healthcare giant Bupa’s Bupa Insurance unit. She’s also held senior roles at Freshfields Bruckhaus Deringer, Pearson and Thomson Reuters.
Burberry has been navigating a tough period of late and Schulman joined in the top job last year, tweaking the firm’s strategy. His approach seems to be paying off with the company last week porting improved results, although the turnaround is still undeniable a work in progress.
Another day, another shopping centre delivering a “record-breaking” performance in 2024. This time it’s Gloucester Quays “capping off another year of considerable growth”, for the owner/operator Peel Retail & Leisure.
That included record Christmas trading at the key Gloucester mall, which helped overall sales for the year finish 6.7% ahead of the national average. Across November and December, retail sales grew 3.6% compared with 2023.
Looking at 2024 in total, an overall 7.4% year-on-year sales increase across its tenants was split between 6.1% for retail, and 8.5% for F&B.
But there was also double-digit growth from leading fashion, homewares, and outerwear brands including Next, Skechers, All Saints, Mountain Warehouse, Puma, Crew Clothing and Suit Direct.
It said sustained growth was seen across all categories “points to the increasing relevance of the Gloucester Quays experience”.
Paul Carter, asset director at Peel Retail & Leisure, added: “There have been various headlines this month about how challenged retail was around Christmas, so to have Gloucester Quays performing so well is a real credit to our team and our brands.
“These results also serve as a reminder of how relevant and in demand this outlet is. We have experienced consistent growth for several years, and that success can be put down to the quality of our offer and waterside environment. There is no doubt our catchment is responding to how we have evolved Gloucester Quays, as an urban outlet that combines a compelling shopping environment with dining and leisure to fit all tastes and needs, benefitting from a heritage waterside setting that few regionally can match.”
Italy’s Give Back Beauty, which makes perfumes for luxury brands such as Chopard and Zegna, on Friday said it had agreed to buy domestic rival AB Parfums to grow its distribution operations and add licensing deals.
Fragrances have been outperforming the broader beauty sector and Give Back Beauty founder and Chairman Corrado Brondi told Reuters his company did not rule a possible bourse listing in the future, adding it had no financial need for it at present.
Brondi said AB Parfumes had sales of around €100 million, which would add to Give Back Beauty’s net revenues that totalled around €300 million in 2024.
Give Back Beauty, which was founded in 2019 and has a distribution deal with Dolce & Gabbana and a beauty license with Tommy Hilfiger, has a core profit margin currently a little over 15%, it said.
AB Parfums is being sold by Italy’s Angelini Industries, a family-owned group that is mostly active in the pharmaceutical sector.
Give Back Beauty’s business is currently focused on fragrances, which represent roughly 70% of its revenues, but it aims to grow its skincare, make-up and haircare product lines, Brondi said.