Frank Fazzinga Jr., the founder of Grace Beauty Capital and veteran fragrance distributor, died on Jan. 8. He was 77.
Fazzinga started his career with Frank’s Beauty Supply in Passaic, N.J., before founding Grace Beauty in New York, N.Y. He died in Hawthorne, N.J., after a hard-fought battle with cancer, a company representative told WWD.
Frank Fazzinga Jr.
Fazzinga was the brains behind a twofold business with Grace Beauty — one side handles distribution, and the other, Grace Beauty Capital, makes investments in consumer businesses.
Grace Beauty Capital has gone on to provide early-stage capital for a variety of companies, including some in the fashion and beauty sectors. The firm has backed a variety of well-known start-ups, including Harry’s, ThirdLove, Supergoop!, Glamsquad, Warby Parker and Eloquii. Grace Beauty generally provides between $100,000 to $500,000 per transaction.
Before establishing the financial side of the business, Fazzinga was known for his fragrance distribution operation. There, he helped to establish fragrance as a category in the food, drug and mass channel, working with retailers like Walmart, Sam’s Club, Target, Walgreens and CVS.
He was also known for his relationship building.
“What my father believed in more than anything else was the power of relationships,” said Frank Fazzinga III,