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Search resuls for: "Alliance Consumer"


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July 12 (Reuters) - Investment firm Wellington Management is in talks to lead a new funding round for Skims, which could value the underwear clothing company owned by Kim Kardashian at about $4 billion valuation, according to people familiar with the matter. Skims and Wellington did not respond to comment requests. Women's Wear Daily reported on the Skims funding round earlier on Wednesday without naming Wellington. Other investors included D1 Capital Partners, as well as existing investors Thrive Capital, Imaginary Ventures and Alliance Consumer Growth. Kardashian is also actively raising funds for her new private equity firm SKKY Partners, which focuses on consumer and media investments.
Persons: Kim Kardashian, Skims, Kardashian, Carlyle, Jay Sammons, Abigail Summerville, Krystal Hu, Diane Craft Organizations: Investment, Wellington Management, Wellington, Lone Pine Capital, D1 Capital Partners, Imaginary Ventures, Alliance Consumer, SKKY Partners, Thomson Locations: Wellington, Boston, Lone, New York, Austin
InnBeauty Project is a startup that seeks to make affordable, sustainable skin and beauty products. InnBeauty Project's founders, Alisa Metzger and Jen Shane, first met working together at the skincare brand Tula in 2017. "Beauty and skincare were talking about what they weren't including in their formulas, and how clean they were," Metzger said. So, Metzger and Shane set out to find a way to make skincare products at a more affordable price point. Check out the 14-slide pitch deck that InnBeauty Project used to raise $12 million in Series A funding:
The investment gives Keurig a minority position in the beverage startup, which controls over half of the $328.6 million nonalcoholic-beer market. He quit his position at Point72 Asset Management in 2017 and cofounded Athletic Brewing a year later with the head brewer John Walker. Athletic Brewing now controls 45% of the non-alcoholic craft beer market. Athletic Brewing said it distinguishes itself from big beer brewers by being the only brewery in the country dedicated solely to nonalcoholic craft beer. The restaurateur Danny Meyer and Chang serve Athletic Brewing in Eleven Madison Park, Gramercy Tavern, The Modern, and Momofuku Ko.
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