359
Fashion Jobs
ADIDAS
Senior Specialist, Buying & Trading, E-Commerce
Permanent · SEOUL
ADIDAS
Manager, Personalization & Apps, E-Commerce
Permanent · SEOUL
ADIDAS
Senior Manager, Legal Counsel, Legal
Permanent · SEOUL
HENKEL
Finance Business Controller For Shiseido Professional Brand
Permanent ·
L'OREAL GROUP
[l'Oreal Korea] Kiehl's - CRM & Trade Mkt sr. Specialist~Manager
Permanent · SEOUL
L'OREAL GROUP
[l'Oreal Korea] (jr.) Claim Substantiation Specialist - Corporate Regulatory Affairs
Permanent · SEOUL
L'OREAL GROUP
[l'Oreal Korea] (sr.) Product Manager - Kerastase Marketing Team, Ppd
Permanent · SEOUL
UNDER ARMOUR
Associate, HR Administration
Permanent · SEOUL
ARKET
Visual Merchandising Manager
Permanent · BUSAN
PUIG
Marketing Manager
Permanent · SEOUL
JAEGER
[Jaeger Lecoultre] Marketing & Communication Director
Permanent · SEOUL
ESTÉE LAUDER COMPANIES
Corporate Account Executive For Travel Retail Korea, Estee Lauder Companies
Permanent ·
ESTÉE LAUDER - BRAND
Assistant Education Manager, Estee Lauder
Permanent · SEOUL
L'OREAL GROUP
[l'Oreal Korea] Luxe Div. - Lancome E-Commerce Specialist
Permanent · SEOUL
COS
Instore Visual Merchandiser Manager_seoul/Gyeonggi
Permanent · SEOUL METROPOLITAN AREA
AESOP
Shinsegae Gwangju - Retail Consultant
Permanent · GWANGJU
COACH
Manager, Ecommerce
Permanent · SEOUL
ADIDAS
Manager, Business Planning & Analysis, Wholesales
Permanent · SEOUL
HENKEL
Adhesive Key Account Manager For Sports And Fashion Market
Permanent · BUSAN
HENKEL
Consumer Brands General Manager Assistant
Permanent ·
HYPEBEAST
Brand Partnership Manager
Permanent · SEOUL
ADIDAS
Manager, Retail Marketing - Originals, Brand Adidas
Permanent · SEOUL
Published
May 2, 2018
Reading time
2 minutes
Download
Download the article
Print
Text size

Birchbox acquired by Viking Global Investors

Published
May 2, 2018

US firm Birchbox has taken on a new majority stakeholder in the form of Viking Global Investments, according to media reports, after months of acquisition talks for the online beauty retailer.


Birchbox


Already an investor in the beauty start-up, Viking Global has now acquired a majority stake after agreeing to invest around $15 million of new cash into the businessaccording to a report by technology website Recode.

Fellow investors in the beauty e-tailer  -- Accel Partners and First Round Capital -- will relinquish their stakes, the sources told the tech site on Tuesday.

Co-founder and chief executive, Katia Beauchamp, will retain her role in the company, releasing a statement on the investment news.

“As an independent company with renewed investment, we are in a position to actively pursue plans that help further our mission and fuel our ambitious goals in the U.S. and in our global markets,” said Beauchamp.

“As part of that strategy, we are prioritising product innovation, the evolution of our digital experience, and scaled partnership opportunities.”

Birchbox, which has a subscription-based model, has raised more than $80 million from investors since it was founded in 2010, in addition to previously undisclosed venture debt that the startup secured in 2015.

In August last year, the online cosmetics retailer was in discussion for a potential sale with several retailers including Walmart, but a deal was not struck.

The investment comes on the back of a senior management reshuffle at Birchbox, after President and COO Philippe Pinatel, who was in charge for two years, left the company to head M.A.C Cosmetics, the make-up brand belonging to the Estée Lauder group.

Birchbox boasts 2.5 million active customers and is operating in six countries. 
 

Copyright © 2024 FashionNetwork.com All rights reserved.