Glossier – Beautifaire

17 Sep

EXCLUSIVE: Glossier Teams Up With WNBA For Latest Lip

Courtesy of Glossier Throughout the 2024 Paris Olympics, the world’s biggest brands bet on athlete partnerships to call beauty to the forefront of sports. Ahead of the curve nevertheless, Glossier staked their claim with USA’s WNBA well before the trend, because the division’s first-ever beauty partner back in 2020. Now, the 2 are teaming up for a campaign in celebration of three latest Glossier Lip Gloss shades—bronze, brown, and pink—marking them as the most recent athlete-approved must-haves on and off the court. “The WNBA and Glossier are leading the conversation across the intersection of beauty and sports,” Glossier’s VP of product development Emily Trillaud tells ESSENCE. “We wish to vary how the world thinks about beauty and champion female empowerment.” With...

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30 May

Glossier on the IPO Path

by Beautifaire101

Beauty, Featured

The stage is about for a Glossier IPO. With a fresh round of funding and sky-high valuation, Glossier’s debut on the general public markets seems more an issue of when, not if. The quintessential Millennial beauty business just accomplished its third round of funding — $52 million — valuing the business at about $390 million, based on industry sources. The raise follows a $24 million Series B in late 2016, and $8.4 million Series A in 2014. The investments and the valuation are major for a business that beauty sources say shouldn't be yet profitable and that has an estimated $40 million in sales. Weiss said in an e-mail to Glossier subscribers that the brand new capital will keep the corporate doing “more...

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17 May

Glossier Opens Las Vegas Store

by Beautifaire101

Beauty, Featured

Glossier is refocusing by itself stores — and is entering a recent market with its latest opening.The brand, which hit sales highs after its 2023 debut at Sephora, can be doubling down on its brick-and-mortar stores. That's culminating within the opening of Glossier’s store in The Forum Shops in Caesars Palace in Las Vegas, Glossier’s thirteenth store up to now, opening Thursday. And though the Sephora volume is impressive — last yr, sales were said to achieve around $275 million — Glossier’s own channel stays a top strategic priority. Glossier’s Las Vegas store. “There isn't a higher expression of the brand than a retail store, and that’s all the time been true,” said Chitra Balireddi, Glossier’s chief industrial officer. “In wholesale, we express...

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26 Mar

Glossier Potential IPO, Merit Potential Sale Kick Off Makeup

by Beautifaire101

Beauty, Featured

Glossier Potential IPO, Merit Potential Sale Kick Off Makeup

Industry speculation that makeup can be 2024’s hottest M&A goal is quickly becoming a reality. The category, now years right into a post-pandemic rebound and still prestige beauty’s largest segment within the U.S., has seen a plethora of entrants — most of whom have grown each the general pie and their slices of it — exploring exit options. Industry sources told WWD that Glossier, roughly a 12 months after its Sephora debut, has hired Morgan Stanley to explore options, including an initial public offering. Sources also say they’re not alone — Merit Beauty has reportedly tapped Goldman Sachs because it looks at a possible sale. Glossier, Merit and Morgan Stanley declined to comment. Goldman Sachs didn't immediately reply to requests for comment. Products from Merit. Makeup...

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