Latest Entries

Glossier Reaches $100M, Raises $100M

Glossier — which reached $100 million in sales in 2018 — has raised $100 million in a Series D round.

A tube of lip balm selling for $12 is one of Glossier’s most popular products.

The funding was led by Sequoia Capital, a venture firm that is also invested in Charlotte Tilbury, with participation from Tiger Global Management, Spark Capital and existing investors Forerunner Ventures, Thrive Capital, IVP and Index Ventures.
The business has also appointed tech veteran Vanessa Wittman chief financial officer, following the departure of Henry Davis, who served in the role for roughly five months after a much longer stint as president and chief operating officer. Wittman has served as cfo for companies like Oath, Dropbox, Motorola Mobility and Marsh & McLennan.
Glossier has hired Edith Chen as vice president of supply chain operations, and Nick DeAngelo as vice president of operations. Chen joined from LF Beauty, part of Li & Fung, and DeAngelo joined from Jet.com, now owned by Wal-mart.
Glossier founder and chief executive officer Emily Weiss was not made available for interviews Tuesday, but reiterated the company’s stance on the importance of owning its distribution channel and relationships with consumers in a company statement.
Those points were also crucial to

Follow WWD on Twitter or become a fan on Facebook.

Read More…

Via:: https://wwd.com/beauty-industry-news/beauty-features/glossier-reaches-100m-raises-100m-1203087253/