Glossier, the millennial-targeted, digitally-savvy elegance manufacturer that initially introduced in 2014, has already taken about your Instagram feed. And it looks that thanks a new spherical of funding from New York Governor Andrew Cuomo, it is poised to acquire about much extra than that.
On Thursday, Cuomo’s business office issued a press release announcing that the Empire Condition Growth will be delivering the enterprise with $3 million in functionality-dependent tax credits to “stimulate Glossier’s New York expansion” by means of its Excelsior Work System. That cash will permit the enterprise to relocate from its recent headquarters on Lafayette St. (pictured over) to a new business office at 1 SoHo Square — and to produce 282 work opportunities by means of a main expansion. Cuomo will have to be a single hell of a admirer of Boy Brow.
“We are grateful for New York State’s assist in increasing our workforce in New York City,” said Emily Weiss, Glossier’s founder and CEO, in a statement. “It truly is where we have grown from a elegance weblog to a elegance manufacturer and developed our local community. We are exceptionally psyched to carry on building a workforce in downtown New York City who will function to even more Glossier’s mission of empowering women of all ages to experience very pleased of who they are right now.”
Considering that its start, Glossier, Inc. has garnered $forty million in undertaking capital funding. (It most just lately lifted $24 million in a Series B spherical in November of final yr.) The final results of this speedy growth continue to be to be witnessed, but with new solution launches (and fewer inventory challenges than in the earlier), Glossier stays a elegance manufacturer to observe.
Fashionista has reached out to Glossier for remark and will update this submit with extra details as it will become readily available.