June 28, 2022

50signs

The Fashion Spirit

Jay-Z Helps Beauty Brand Get $33M In Funding

3 min read

You will typically listen to of fintech or blockchain startups securing 8-determine funding rounds from optimistic buyers, but for elegance manufacturers, that variety of assurance is substantially much less recurrent. 

Madison Reed, a San Francisco-dependent brand of hair dyes and other products and solutions, is crafted partially on a subscription model that saw significant progress in the course of the pandemic — in 2020, its sales jumped by 130%. It also operates 60 hair salons throughout the state and sells its solutions at suppliers like Ulta  (ULTA) – Get Ulta Elegance Inc Report, Target  (CBDY) , and Amazon  (AMZN) – Get Amazon.com, Inc. Report.

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