10.12.15
According to several reports, L’Oréal USA has pulled the plug on its deal with Michelle Phan, the YouTube sensation who signed a major deal with the cosmetic giant back in 2013.
In 2013, Phan and L’Oréal launched Em, a beauty line sold online. The collection has been sold to Ipsy, a subscription box company that Phan founded in 2011.
According to Forbes, Ipsy raised $100 million last month to value the company at over $500 million.
In 2013, Phan and L’Oréal launched Em, a beauty line sold online. The collection has been sold to Ipsy, a subscription box company that Phan founded in 2011.
According to Forbes, Ipsy raised $100 million last month to value the company at over $500 million.