Report: IL Makiage Sells 9% Stake

Jan 10th, 2022

Jacquelyn Mueller, associate editor, Global Cosmetic Industry

IL Makiage now has a valuation of nearly $1.5 billion.

IL Makiage now has a valuation of nearly $1.5 billion.

IL Makiage has sold 9% of its shares for $130 million to generate investment funds, according to a report at Globes.

Previously: Il Makiage Names Lindsay Drucker Mann as CFO

The company now has a valuation of nearly $1.5 billion.

Globes reports that the sale of shares is intended to help the brand "become better known ahead of a potential IPO on Wall Street." The funds raised will reportedly be used to purchase the shares held by Holtzman and Catterton.

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SymFeel Quat Green®: 100% naturally derived alternative to polyquats

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