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29 Aug

E.L.F. Beauty Will Acquire TikTok-Viral Brand Naturium for $355

All products featured on Allure are independently chosen by our editors. Nonetheless, whenever you buy something through our retail links, we may earn an affiliate commission.Nature’s body washes flooded TikTok in late 2022 as folks rushed to their local Targets or computers to get their hands on its viral The Glow Getter Multi-Oil Hydrating Body Wash and The Smoother Glycolic Acid Exfoliating Body Wash. The skin- and body-care brand can be known for its other best-sellers, Vitamin C Complex Serum and Dew-Glow Moisturizer SPF 50. After making such big waves in such a brief period of time, the brand will likely be joining Well People and Keys Soulcare under the E.L.F. Beauty umbrella; the parent company announced on August 29...
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4 Jul

ShopZetu Secures $1 Million in Pre-seed Funding

The Kenya-based e-commerce start-up ShopZetu has lined up $1 million in pre-seed funding. The concept for the corporate was created in 2019 and the corporate was launched two years later by founders Marvin Kiragu and Wandia Gichuru. ShopZetu offers fashion, footwear, beauty and accessories from an array of brands for ladies, men and kids. The extensive assortment features global, in addition to African-owned brands. Its recent capital infusion was led by Chui Ventures, which supports tech-driven start-ups across Africa which are being led by local founders. Launch Africa, a Pan-African VC fund that goals to assist close the funding gap within the seed and pre-Series A investment landscape in Africa, also participated, as did Roselake Ventures and Logos Ventures and angel investors...
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27 Jun

Stephanie Linnartz’s $11.3 Million Pay Day at Under Armour

Under Armour Inc. has loads riding on Stephanie Linnartz’s Protect This House 3 plan to reinvigorate the corporate — and so does the newly appointed president and chief executive officer.  Linnartz, a former Marriott executive who moved into the corner office in late February, received stock awards valued at $11 million, in addition to a complete salary of $125,000 and a bonus of $175,000 for the fiscal yr ended March 31.  Stock awards, even unvested awards, are valued as of the grant date in corporate Proxy statements — so how much of the worth in those stock awards Linnartz ever sees will rely upon just how well Under Armour’s stock performs.  Shares of the corporate rose 1.5 percent to $6.74 on Tuesday, however...
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21 Jun

Fashion Gaming App Drest Raises 15 Million Kilos in

LONDON — Drest, the mobile gaming company that permits players to turn out to be fashion stylists and types to appeal to recent audiences, has raised 15 million kilos in fresh funding from its longstanding investor. The cash has been earmarked for the event of a recent product proposition, Drest Game 2.0, which guarantees to supply a more sophisticated user experience and a bigger, global marketing platform for fashion, luxury, beauty and jewellery brands. The corporate said the brand new funds will allow Drest to grow and scale within the fields of gaming, media, data and e-commerce with the ambition of becoming the leading creative platform for fashion, entertainment and lifestyle gamification. The updated plaform is being rolled out progressively in numerous...
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