×
63 344
Fashion Jobs
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Madison
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · Mansfield
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · Lafayette
KOHLS
Full-Time Loss Prevention Officer
Permanent · Fremont
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · Cape Coral
NIKE
Senior Product Manager, Line Planning And Merchandising
Permanent · Beaverton
NIKE
Business Success Manager – Multi-Node Inventory Planning
Permanent · Beaverton
NIKE
Product Manager – Multi-Node Inventory Planning
Permanent · Beaverton
NIKE
Product Manager, Line Planning And Merchandising
Permanent · Beaverton
NIKE
Live Consumer Direct Marketing, Global Store Marketing Manager
Permanent · Beaverton
CONVERSE
Product Integrity Manager
Permanent · Boston
NIKE
Director, Omni-Channel Marketing Solution Engineering
Permanent · Beaverton
NIKE
Product Manager, Global Sourcing Manufacturing Data Product & Reporting
Permanent · Beaverton
NIKE
Manager, Analytics & Operations, Nike Athlete Experience
Permanent · Beaverton
ULTA BEAUTY, INC.
General Manager
Permanent · Johns Creek
ULTA BEAUTY, INC.
Retail Operations Manager
Permanent · Virginia Beach
ULTA BEAUTY, INC.
Retail Operations Manager
Permanent · Mount Laurel Township
ULTA BEAUTY, INC.
co - Sales Manager
Permanent · Schaumburg
ULTA BEAUTY, INC.
General Manager
Permanent · Conway
ULTA BEAUTY, INC.
Retail Sales Manager
Permanent · Gilbert
ULTA BEAUTY, INC.
Retail Sales Manager
Permanent · Lakewood
ULTA BEAUTY, INC.
co - Sales Manager
Permanent · Pasadena
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.