Investment – Page 3 – Beautifaire

17 May

Investment in the wonder services space continues to heat up, with Skin Pharm, an aesthetic skincare practice that has its own product line, receiving a minority investment from Prelude Growth Partners. The $15 million investment from the female-founded growth equity firm will fund the corporate’s clinic expansion plans nationwide and contribute to ongoing product development, each parties said in an announcement. As a part of the deal, chief executive officer Maegan Griffin, a board-certified nurse practitioner with cosmetic surgery and dermatology experience who founded Skin Pharm in 2017, will proceed to guide the corporate. “Now's the right time to take this investment because we now have this amazing team, we built a trustworthy brand, and we now have a loyal community of consumers...

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26 Apr

Dibs Beauty Gains L Catterton Investment – WWD

by Beautifaire101

Beauty, Featured

L Catterton is betting once more on the founders of Tula Skincare. The private equity firm has just made a “significant” growth investment in color cosmetics brand Dibs Beauty, launched in September 2021 by Tula Skincare founders Ken Landis (who also cofounded Bobbi Brown Cosmetics) and Dan Reich, with Austin, Texas-based influencer Courtney Shields and former chief operating officer of A-Rod Corp Jeff Lee. Terms of the transaction weren't disclosed. “L Catterton has the expertise and agility to assist us turn into the leader in multifunctional, effortless makeup,” said Lee, chief executive officer of Dibs. “Our makeup goes where our customers go, and we intend to fulfill them each across our rapidly expanding digital channels and in brick-and-mortar retailers.” Shields added: “The explanation this...

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22 Apr

Skin Care Brand Naturium Said Considering Sale, Investment Options

by Beautifaire101

Beauty, Featured

Naturium’s owners are evaluating the brand’s deal options, in accordance with industry sources. The botanical-oriented masstige skincare brand is an element of The Center, founded by Ben Bennett in 2020, and is within the very early stages of working with investment bank Raymond James to contemplate its options, sources told WWD. Naturium sales are said to be around $70 million. Each The Center and Raymond James didn't reply to request for comment. Along with incubating Naturium, The Center acquired Make Beauty in 2021 and fragrance line Phlur in 2021. Last yr, it launched Saltaire, a private care brand created in collaboration with Iskra Lawrence, the U.S.-based British model and influencer. In 2021, The Center received a $15 million minority investment from Prelude Growth Partners. On the time...

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4 Jan

Deloitte US Pronounces $1.5B Investment For a More Equitable

by Beauty Tips

Hair, Featured

Pervasive opportunity gaps have widened the already vast racial wealth chasm between Black Americans and other racial groups. Sweeping motion is required to alter this, and it looks like Deloitte is putting money where its mouth is. The leading financial firm recently announced in a news release the launch of a $1.5 billion social impact investment to handle three critical areas of disparity that plague the Black community: workforce development, financial inclusion, and health equity. “Our three focus areas are inextricably linked to one another and to the chance for people to have prosperous lives in our society,” said Kwasi Mitchell, chief purpose officer at Deloitte in a news release. “Deeply-rooted inequities are larger than any single entity can...

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