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.
Rising room rates have prompted hotel owners to raise the bar on travel-sized toiletries as the industry contends with changing realities, like the move away from single-use plastics.
While 2020′s racial reckoning promised sweeping industry change, progress has been slow. Today, Black beauty brands are hoping to court their consumers in more creative ways.
BoF Careers provides essential industry insights for beauty professionals this month, featuring roles from Burberry, Fashion Nova and Chalhoub Group.
At the second session of The Business of Beauty Global Forum, speakers including Sephora Americas chief executive Jean-André Rougeot and Mielle Organics founder Monique Rodriguez charted beauty’s next stage of growth.