David Yi and KimChi, Beauty Brand Owners Who are Breaking the Mold
Entrepreneurs David Yi and KimChi are breaking the mold of who a beauty brand owner can be and what they can accomplish.
Entrepreneurs David Yi and KimChi are breaking the mold of who a beauty brand owner can be and what they can accomplish.
General Atlantic will acquire a majority stake in Morphe alongside existing investor Summit Partners and co-founders Chris and Linda Tawil.
On average, content about “Pride” made up 11 percent of the Top 10 brands’ June totals, with Morphe, NYX Professional Makeup, ColourPop, and Anastasia Beverly Hills seeing the highest impact from Pride content.
In cosmetics, Morphe jumped one spot to claim the No. 2 rank in the Top 10, partially due in part to the buzz around its James Charles Palette. In skin care, several Top 10 brands capitalized on launch momentum by introducing skin-soothing, cannabis-based products into their lineups. And, in hair, Briogeo entered the Top 10, stemming almost entirely from the brand’s inclusion in Boxycharm’s January box.
Fenty Beauty is gearing up to expand its shade range with 10 new foundation color offerings, and 50 new shades of its new Pro Pro Filt’r Concealer. Morphe will be releasing its first complexion product, Fluidity Foundation, in 60 shades. And, Physician’s Formula has tapped Casey Holmes for its first-ever influencer collaboration.