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.
The start-up, known for its customisable shampoo and hair treatment formulas, said it would use the cash to double down on product development, international expansion and manufacturing capabilities. Existing investors CircleUp and GGV also participated in the funding round.
Founded in 2015, Function of Beauty expanded into skin care and body care earlier this year, and currently has a team of 400 employees and a presence in 45 markets.
Former Estée Lauder executive Raffaella Cornaggia has been named CEO of the unit, which will develop beauty for the French group’s brands, including Bottega Veneta, Balenciaga and Alexander McQueen.
The LVMH-owned beauty retailer asked a federal judge to dismiss a lawsuit alleging its “Clean at Sephora” designation is false advertising.
Overtly sexual marketing has long been a selling point in beauty, but the makeup artist is pushing boundaries with a new collection of lip colours in anatomically correct tubes.
The publisher will bring its youth-centric POV to the beauty space with a dedicated section, launching Feb. 2.