Argentinian fragrance house, Fueguia 1833, has received an equity investment from Ilwaddi WLL, an investor based in the Middle East, per News Break.
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Fueguia 1833 plans to use the funds to accelerate the development of the brand’s distribution network globally, both online and offline, in addition to expanding its product range and in-house manufacturing capabilities.
Founder Julian Bedel said, “The fund will be supporting the expansion of the team, the opening of new locations and especially the ingredients’ production and plants research, because we’re investing heavily in a lot of technology that is more associated with pharmaceutical [businesses] for the extraction from plants and for the separation of the aromatic molecules to use as actives in our products."
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