Glossier Will Open Its First Permanent Retail Location
Glossier is going global.
Last Tuesday, the beauty retailer’s Founder & CEO Emily Weiss announced in a letter on Into the Gloss that the company had recently raised $24 million in a round of Series B funding. As a result, the company is gearing up to expand in three key areas — product, retail and shipping. “That means launching products in two new categories, opening permanent retail ([sic]—more on that soon), and yes, finally going international,” Weiss wrote, teasing an image of the brand’s first-ever brick-and-mortar store in the post.
This latest round was led by IVP, a San Francisco-based venture capitalist firm that’s invested in Dropbox and Slack, with additional support from Index Ventures, which, Weiss noted, “wrote the very first check” for Jessica Alba’s The Honest Company prior to its founding in 2011. Details of the store’s location and launch date, have not been confirmed. But rest assured that as soon as word gets out, we’ll have the first draft in the Middle East!G