How Ari by Ariana Grande Made $1B — No Ownership

$1B in sales… and Ari by Ariana Grande barely owns it. • Why Ari by Ariana Grande scaled to $1B through licensing instead of ownership • How “Cloud” became a hero SKU by riding luxury fragrance dupe demand • The real unit economics behind a $70 perfume bottle • How Sephora and Ulta distribution turned it into a global brand Aaron Alpeter is a supply chain operator who has worked with 200+ brands.…