Happi Staff10.31.20
The subscription beauty business contracted a bit this week when Ipsy agreed to acquire Boxycharm. A purchase price was not disclosed. The combined companies will have sales in excess of $1 billion, more than 4.3 million subscribers, and will operate under a new umbrella: Beauty for All Industries.
The combined company could go public in the next 18 months, said Ipsy Chief Executive Officer Marcelo Camberos, who will lead the new company. Management will also look for more acquisitions in the subscription commerce sector, he said.
“For us, it’s about really just creating an undisputed leader in subscription, where we have such a large percentage of the market,” he said.
The combined company could go public in the next 18 months, said Ipsy Chief Executive Officer Marcelo Camberos, who will lead the new company. Management will also look for more acquisitions in the subscription commerce sector, he said.
“For us, it’s about really just creating an undisputed leader in subscription, where we have such a large percentage of the market,” he said.