×
83 622
Fashion Jobs
NIKE
ta Project Manager, Global Operations And Logistics
Permanent · Memphis
NIKE
Territory Recruiting Manager (Northeast) - Open to Remote in: Maine, Vermont, New Hampshire, Massachusetts, Rhode Island, Connecticut, New Jersey, Delaware, Maryland, New York And Pennsylvania
Permanent · New York
ESTÉE LAUDER
Executive Director -Finance & Strategy, Lab Series
Permanent · New York
ESTÉE LAUDER
Macy's Account Coordinator - Estee Lauder - 40 Hours - Palm Beach-Broward, fl
Permanent · Palm Beach
ESTÉE LAUDER
HR Manager, Corporate Functions
Permanent · New York
ESTÉE LAUDER
Senior Financial Analyst, Finance North America, Bobbi Brown And Bumble & Bumble
Permanent · New York
HOMEGOODS
Loss Prevention Customer Service Associate
Permanent · Fairfax
TJ MAXX
lp Detective - Duluth, ga
Permanent · Duluth
MACY'S
Asset Protection Detective, Franklin Park - Part Time
Permanent · Toledo
MACY'S
Asset Protection Detective, Sherman Oaks Fashion Square - Part Time
Permanent · Los Angeles
ULTA BEAUTY, INC.
Retail Sales Manager
Permanent · Fort Walton Beach
ULTA BEAUTY, INC.
Retail Sales Manager
Permanent · Tulsa
NEIMAN MARCUS
CRM vp
Permanent · New York
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Roosevelt Field - Part Time
Permanent · Garden City
ROSS STORES
Inventory Control/Quality Assurance Supervisor
Permanent · Perris
ROSS STORES
Store Protection Specialist
Permanent · Hyattsville
ROSS STORES
Inventory Controls And Quality Analysis Specialist ii (Icqa)
Permanent · Brookshire
ROSS STORES
Store Protection Specialist
Permanent · Houston
ROSS STORES
dc Operations Manager
Permanent · Fort Mill
ROSS STORES
Store Protection Specialist
Permanent · Sacramento
MACY'S
Asset Protection Captain, Westshore - Full Time
Permanent · Tampa
MACY'S
Asset Protection Detective, Naples - Part Time
Permanent · Naples
Published
Sep 14, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Katherine Power's Merit beauty brand secures $20 million investment led by L Catterton

Published
Sep 14, 2021

Merit, the minimalist beauty brand launched by Who What Wear co-founder Katherine Power earlier this year, has announced that it has completed a $20 million Series A funding round led by L Catterton, the private equity firm backed by French luxury giant LVMH.


Merit is intending to expand into new product categories - Photo: Merit

 
According to Merit, the new funds will be used to help accelerate its development into an omnichannel, cross-category beauty brand, a process which will include the further development of its color cosmetics collection and expansion into new product categories.
 
L Catterton vice president Courtney Nelson will also join the brand’s board of directors. Other investors that participated in the funding round included Marcy Venture Partners and Sonoma Brands.

Merit launched in January 2021, offering a “five-minute morning” color cosmetics assortment and promising a simplified approach to beauty. The label has been experiencing rapid growth ever since, as it pursues both a comprehensive direct-to-consumer strategy and aggressive retail expansion. Since its launch, the brand has been rolled out across Sephora stores in the U.S. and Canada, as well as at Sephora at Kohl's locations.
 
“At Merit, we aim to serve our consumer in many aspects of their beauty and self-care routines,” said Power in a release. “Our team is looking forward to collaborating with L Catterton and our other partners as we leverage their collective expertise scaling consumer brands to support the development of new products within and beyond clean color.”
 
Power has previous form in digitally native businesses, having previously founded online trend platform Who What Wear and skincare brand Versed, as well as natural wine label Avaline, on which she collaborated with actress Cameron Diaz.
 
As for L Catterton, the firm also has its fair share of experience in beauty and personal care. The fund’s past and current investments in the category include Tula, Il Makiage, Function of Beauty, Elemis and Jessica Alba’s The Honest Company.

Copyright © 2021 FashionNetwork.com All rights reserved.