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15 Dec

Inside Relevant, Nyakio Grieco’s Recent Beauty Brand – WWD

Nyakio Grieco is a girl on a mission.

The serial entrepreneur, who launched her first brand, a namesake skincare line, in 2002, and the purpose-led retailer Thirteen Lune in 2020, is readying her third effort for launch.

Grieco’s newest brand, called Relevant; Your Skin Seen, launches June 10 with One & Done On a regular basis Cream SPF 40, with a gentle stream of skincare introductions slated through the autumn. The debut product is $38.

Relevant is the primary brand to be incubated by Thirteen Lune, the retailer that Grieco co-created with Patrick Herning  to create a platform for BIPOC-founded and allied brands. Since its introduction, it has since expanded into 10 JCPenney doors, and plans call for a further 600 doors to be open by the top of 2023. Relevant will probably be distributed in all doors as they open all year long. Industry sources estimate Relevant’s sales could reach $10 million during its first yr in the marketplace, with more runway as Thirteen Lune’s footprint grows.

Grieco joins a crop of ’90s founders who exited from their original firms and are leveraging their experience within the creation of next-gen brands, including Bobbi Brown with Jones Road, Wende Zomnir with Caliray Beauty and Jeanine Lobell with Nene.

“My vision for Relevant is to take my twenty years of experience as a beauty founder, and now a retailer, to seek out ways to higher serve all people on our beauty shelves,” Grieco said, during an exclusive interview with Beauty Inc. “I saw the whitespace out there by doing a deeper dive into ingredients which can be secure for all skin tones, and never to depart anyone out with regards to treatments, percentages and levels that impact people probably the most with more melanated skin.”

“As a retailer, I’m capable of discover a distinct segment where we will do higher, and we will serve more,” she continued. “That’s what’s exciting about Relevant, and this experience with Thirteen Lune.”

Driving inclusivity — not only following it — is the aim behind each Thirteen Lune and Relevant as well.  “As a Black woman, a Black woman founder, and just as a Black female consumer, all of us need to see ourselves reflected on shelves for the sweetness selections we seek. That’s at the center of Thirteen Lune, and moreover, at the center of Relevant,” she said. “It speaks to making sure that every one of each skin tone, age, background and experience feels seen and relevant.”

That viewpoint affected every stage of the brand’s ideation. Grieco worked with Best Formulations’ Lewis Bealer and Dawit Tecle, two Black chemists, to develop Relevant’s robust innovation pipeline. “In my 20 years, I very rarely got here across chemists of color, after which was capable of meet two,” she said. “They’ve been credited with developing a few of an important formulations with the largest selling brands out there, they usually hadn’t quite been elevated to the role I felt they deserved. We worked very closely, and we were coming at this from the lens of serving the underserved.”

Relevant One & Done On a regular basis Cream SPF 40.

Photo courtesy of Thirteen Lune

In the course of the product development stages, Grieco also relied on her own skincare journey and experiences with different ingredients. “I might do these deep dives with my formulators, and we’d consult with one another from the lens of our own experience in skin and as consumers,” she said. “Once I would go and do the research to see who else is fascinated by that when it got here to acids, or sunscreens with skincare advantages that don’t leave a white forged — it was about how we will take that a step further.”

In that vein, Grieco is launching with an SPF due to misconceptions she saw within the marketplace. “We’re seeing melanoma numbers in all races, but especially in additional melanated skin, rising each day,” she said. “I believed I could make it easy for people to wear a each day moisturizer that provides all of them the skincare advantages that they’re searching for, and has SPF 40.”

While Nyakio Beauty, which Grieco sold to Sundial Brands within the latter’s bid for the prestige beauty shopper in 2017, was more naturally minded, Relevant goals to mix heritage ingredients with science-led innovation.

“My heritage played such a vital role in Relevant. My grandmother was a Kenyan coffee farmer and my grandfather was a medication man. Their teachings passed down taught me about using ingredients that come from the earth and its treasures, and the way it advantages our health, our well-being and our beauty,” Grieco said. “With Relevant, from our R-Rev Complex to the emphasis on actives and clean, multitasking formulas which can be science-led, I take with me every thing they taught me about holistic health and living, and I get to marry it truly with the best advancements in science.”

The brand’s proprietary ingredient, the R-Rev Complex, is an antioxidant compound including kigelia fruit extract, buriti oil and plum oil. Other ingredients include hyaluronic acid and niacinamide, alongside green tea extract and green coffee oil. It’s formulated without sulfates, parabens, phthalates, petrolatum, mineral oil, synthetic fragrance and artificial coloring, and is cruelty-free, vegan- and gluten-free.

Plans call for eight more stockkeeping units to launch by October. Slightly than introduce the entire line directly, Grieco has opted for a more cadenced approach. “Recent products are coming every couple of months in order that we may give each product its moment,” she said. “The patron goes to have the prospect to actually do a deep dive into adding them into their current regimens, and we’re definitely going to be a multicategory brand.”

Grieco mentioned the “skinification” of makeup, in addition to tremendous fragrance, as areas of non-public interest. “I’ve never had the access to do this,” Grieco said. “Discipline comes from being attentive to what’s out there, and fascinated by how I could make others feel seen with whatever product is next.”

Accessibility is top of mind for Grieco, who turned down advice to lift the products’ price points. “We’re in such unknown times with the economy, I believed $38 can be accessible for many,” she said. “I do know a $38 each day moisturizer might still be out of others’ budgets, but we’re pondering ahead to numerous sizings and things we will do to share Relevant with everyone.”

Nyakio Grieco

Nyakio Grieco

Julien James/WWD

To that end, Grieco is open to distribution beyond Thirteen Lune, noting, “I actually have many allies on this industry which can be also within the specialty retail space. There’s nothing I might love greater than to share Relevant with them as well.”

She’s also not ruling out international expansion. “The brand has been formulated to be globally compliant, so we’re already in conversations with various global retailers and stay up for expanding internationally,” she said. “The reality is, Thirteen Lune, and what we’re doing with Relevant, is a world beauty story. We’re taking inspiration from the worldwide ingredients we source, and the worldwide experience I actually have with different formulators,” said Grieco.

Even with ambitions beyond her own retail platform, incubating Relevant via Thirteen Lune has given Grieco an unprecedented supply of brand-building resources. “This journey has been so different from after I began in the sweetness industry as an indie brand 20 years ago. I used to be a one-woman show,” she said. “I’m capable of show the industry that once you give a Black female founder the autonomy, the runway, and the support to create, you’re capable of output the literal brand of your dreams.”

Thirteen Lune rewrote much of the retail playbook — it was only 90 days post-launch that JC Penney Co. Inc. inquired about partnership — but Grieco, and Thirteen Lune cofounder Patrick Herning, had envisioned brand constructing as a key a part of the business model.

“After we ideated Thirteen Lune, there have been two businesses ideated at the identical time. The primary was the business as we comprehend it today, and at the exact same time, it was our first brand,” Herning said, adding that it’s not his first foray in private-label brands. He also founded 11 Honoré, which e-tailer Dia & Co. acquired on June 1. “I now have the experience of exiting a retailer that has a really successful private label brand. It’s really vital when you concentrate on margin health and scale that you will have that vertically integrated product,” he said.

Each Relevant and Thirteen Lune are expected to grow exponentially because the JC Penney shop-in-shop rollout continues. The primary 10 doors opened within the Fall of 2021, and starting in September, 75 doors will open per thirty days until all 600 doors are live.

“Now we have approached our growth through the lens of profitability,” Herning said. “Every decision has been rooted in that, and what happened overnight with the JC Penney partnership was that we went from zero to 1,000 overnight… it’s a vehicle to amplify our BIPOC-founded beauty founders and construct those businesses alongside ours. Nevertheless it’s also turn out to be an incredible distribution partner for Relevant.”

Despite scaling up so quickly, Thirteen Lune “touches profitability without delay,” Herning said. “We will probably be meaningfully profitable the second half of next yr, which is inside 18 months of launching.

“We’re seasoned entrepreneurs who’ve each had successful exits. With that, you only have a special playbook to follow, and that playbook all the time wins: marching towards profitability, and even if you happen to don’t hit it immediately, you will have your clear path to it. It just informs every decision you make along the best way,” he said.

Data is driving lots of those decisions, especially where the evolution of Relevant is worried. “Now we have an amazing amount of name data from Thirteen Lune due to the entire brands we supply, so we all know which categories are vital, which products inside those categories are vital, and more importantly, tips on how to not cannibalize any existing brand partner of ours,” Herning said. “Now we have an amazing amount of knowledge and visibility into the landscape, after which get to work out the white space inside that landscape. That’s how we’re taking a look at the 2 businesses.”

Thirteen Lune

Thirteen Lune

Photo courtesy of Thirteen Lune

Herning didn’t rule out a future for Thirteen Lune that involved multiple vertically integrated brands, whether or not they select to amass brands or incubate more. “You desire to walk before you run, and you desire to walk very well. When you’ve got that perfected, you possibly can start determining how that business scales.” Herning said, adding the only real brand focus will probably be Relevant not less than through the primary half of 2023. “Once we get Relevant launched and our 600 doors open, there may be tremendous opportunity to tap into product development in a more meaningful way, whether it’s wholly owned brands, brands we manufacture or develop through the lens of inclusivity on behalf of third parties, like influencers, celebrities or beauty experts.”

Echoed Grieco, “We’re getting lots of inbound, whether it’s from corporations that aren’t in the sweetness industry yet and wish to explore it, or from celebrities, artists, and other people who need to test out having a brand without wholly owning an organization. But without delay, we’re very focused on constructing Thirteen Lune, growing these brands, giving our founders the support they need, and now, Relevant.”

Thirteen Lune’s strategy ⁠— bringing in anchor brands to draw consumers, driving discovery of the more area of interest brands in its matrix ⁠— appears to be working. “We’ve brought some key brands to the platform, like Pattern by Tracee Ellis Ross and Olaplex, and it’s bringing more eyeballs to a few of our more area of interest brands,” Grieco said. “Our mission at Thirteen Lune is to create generational wealth through the lens of beauty. The more brands you onboard, you’re truly helping others achieve.”

For more from WWD.com, see:

Thirteen Lune Raises $3M, Led by Fearless Fund

EXCLUSIVE: Thirteen Lune to Launch In-store at J.C. Penney

Updated: All of the Beauty M&A Deals of 2022

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