Glossier Reportedly Fundraising Again

business news

•

8 days ago

Summary

Glossier seeks $100M funding, aims for valuation 'south of a billion', after struggling with profitability and scale

Key Points

Glossier is seeking to raise $100 million in new funding, with a valuation 'south of a billion dollars'.
The brand's previous valuation was $1.8 billion nearly four years ago but has struggled with profitability and scale since then.
Glossier does not necessarily need the money but wants new consumer-oriented investors and a refreshed board.

Why It Matters

Glossier's fundraising efforts are significant as it seeks to revamp its business strategy and expand its reach in the competitive beauty industry

Author

Dominic-Madori Davis

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