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Charlotte Tilbury’s namesake brand announced Wednesday that Sequoia Capital has taken a minority investment in the company.
The high-profile British makeup artist launched the brand in 2013 with funding from angel investors and private investment firms Venrex Investment Management and Samos Investments.
Although Tilbury has raised capital in the past, the partnership with Sequoia marks the brand’s first round of funding from a top-tier Silicon Valley venture capital firm and signals its plans for continued growth. Sir Michael Moritz KBE, Sequoia Capital's chairman, will join the company’s board.
Known for her work on fashion editorials and with celebrities such as Kate Moss and Kim Kardashian, Tilbury has over 20 years of experience in the beauty business and is active on social media with 1.3 million followers on Instagram.
So far in 2017, Charlotte Tilbury has launched in Germany and expanded its skincare offerings. It is currently available at 77 department store counters in the US, UK, Canada, Ireland, the Netherlands and Germany, including Nordstrom, Selfridges and Bergdorf Goodman. The brand, which employs 629 people, has two stand-alone stores in London’s Covent Garden and Westfield mall, and its online store ships to to 39 countries.
The brand is currently planning a Middle East expansion: three new store locations are due to open in Kuwait and Doha in 2017 and Dubai in early 2018. — Chantal Fernandez
Will.i.am and Miroslava Duma have joined the speaker line-up for the Copenhagen Fashion Summit.
Duma, founder of Buro 24/7 and Fashion Tech Labs Venture Inc., and musician and entrepreneur Will.i.am, will discuss what fashion can learn from the music industry’s digital disruption.
The event, set to take place from 9-12th May, will be hosted by Tyler Brulé and Amber Valletta. A preliminary schedule reveals a panel discussion between Marie-Claire Daveu and Anne Gedda, the heads of sustainability at Kering and H&M respectively, along with Kelly Caruso, Target’s global sourcing president, Rick Darling, the executive director of government and trade relations at Li & Fung Trading and the chief executive of the Sustainable Apparel Coalition Jason Kibbey, calling for industry-wide collaboration to tackle today’s critical sustainability issues.
The summit will also include a presentation on the ‘Pulse of the Fashion Industry’, given by Javier Seara, partner and managing director of The Boston Consulting Group. The presentation will outline the top priorities in capturing the €160 billion opportunity from sustainability in fashion, building on a wealth of data, including case studies and best practices from industry leaders, economic impact figures by brands and manufacturers.
Previously the fashion summit announced speakers including Julie Gilhart, the sustainability focused creative business consultant who previously led the Barneys buying team and Mark Langer, chief executive of Hugo Boss, Prabal Gurung, Public School's Dao-Yi Chow and Maxwell Osborne and the former dean at Parsons School of Design, Simon Collins. — Robin Mellery-Pratt
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