R.e.m. Beauty, the wonder brand founded by Ariana Grande, has gained a latest investment.
The round was led by Sandbridge Capital, and Strand Equity, Hybe America, Live Nation Entertainment and Universal Music Group also participated. Terms of the deal weren't disclosed.
“Our latest partners share our same values and strategic vision and I welcome them as we take flight during this latest and exciting era,” Grande said via email. “I'm incredibly inspired and can't wait for everybody to witness what we've got in store. The journey in constructing R.e.m. beauty has only just begun.”
The brand was recently PETA-approved cruelty free, and has launched at Sephora in Europe and Selfridges within the U.K. Michelle Shigemasa, R.e.m. Beauty’s recently anointed chief executive, said...
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