The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
Seun Sodipo, who was previously the head of product finance and strategy at Stripe, will take over as chief financial officer at the digitally focused beauty retailer next spring, Glossier said Tuesday. Sodipo will take over from Vanessa Wittman, who has served in the role since 2019 and is retiring.
In addition, Glossier hired Kyle Leahy as chief commercial officer from Cole Hahn, and Kristy Maynes was named senior vice president of retail, coming from Lululemon. In July, Glossier announced an $80 million Series E fundraising round that valued the company at $1.8 billion. The company has raised $266 million in total.
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Glossier Raises $80 Million Series E, Valuing Company at $1.8 Billion
The direct-to-consumer beauty brand ramped up its operations in the last month ahead of its reentry into physical retail.
Please join us on Tuesday, June 6 at 16:00 BST / 11:00 EDT for a special BoF Masterclass as BoF’s Executive Editor of The Business of Beauty Priya Rao and McKinsey & Company’s Senior Partner Kristi Weaver explore findings from the report, share their insight and answer your questions about how beauty players from around the world can arm themselves for success in the years ahead.
Speakers including John Legend and TooD Beauty founder Sharareh Siadat laid out their vision for a more inclusive beauty industry during the first session of The Business of Beauty Global Forum.
Beauty megadeals may be few and far between over the near term, but M&A will still be critical for buyers and sellers seeking growth, innovation and competitive product portfolios, reports The State of Fashion: Beauty.
The British beauty retailer is doubling down on its growth focus with more stores, brand exclusives and Gen-Z shoppers .