One other magnificence model is seeing its founder depart.
Holly Thaggard, who based SPF model Supergoop in 2005 and subsequently bought a majority stake of it to Blackstone in 2021, has left the model.
Though she’s going to keep her passive funding within the model, she’s stepped away from day-to-day operations and the corporate’s board, she confirmed to WWD.
“Entrepreneurship additionally runs deep in my DNA, and as I’ve stepped again, it’s been so extremely enjoyable to see our son step up and dive into constructing one thing new, impressed by his grandfather’s knowledge: to do one thing completely different and to make the world a greater place,” learn a submit from Thaggard on LinkedIn. “I’m so thrilled to see what awaits us as he makes his dream come to life.”
She supplied no additional particulars.
On the time of Supergoop’s enlargement into the U.Ok., Europe and the Center East, it had reached a gross sales quantity of $250 million.
“After almost 20 years of visionary management, Supergoop founder Holly Thaggard is transitioning from her function as chairwoman to that of a strategic investor within the enterprise,” learn an announcement from the corporate. “Holly will proceed to help Supergoop as an investor, adviser and lifelong advocate for our mission.
“We’re grateful to Holly for lighting the way in which and for persevering with to consider within the energy of SPF and what’s forward for this unimaginable model,” the assertion continued.
Final 12 months, the corporate named Lisa Sequino chief government officer; she joined from JLo Magnificence. She succeeded Amanda Baldwin, who then grew to become the CEO of Olaplex.
