These days, in the retail landscape, brands tend to expand into new categories via collabs or strategic partnerships first. Ordinarily, creating a new beauty product can take at least 18 months of testing, learning, iterating, etcetera. But working with a partner can shorten the royal route to market, all while minimizing capital risk—duh, yes, I know you know this. Anyway, these moves illustrate how companies are carefully testing new markets to gain intel before making a more significant investment, themselves.
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