Assembled Brands and Agility Capital have provided Violet Grey with a $1.35 million credit facility. The funds will be used to help scale the luxury beauty retailer. Assembled Brands is home to Samuel Hubbard, Fellow Products, Burst, Khaite, Juneshine, Buffy and Richer Poorer.
“This investment is truly remarkable in that it brings together not two, but three parties working towards the same goal,” said Adam Pritzker, founder & CEO at Assembled Brands. “Assembled Brands and Agility Capital’s combined efforts shows the financing community’s continued commitment to the success of small businesses.”
Neil Kee, CFO and COO at Violet Grey, added, “We’re thrilled to team up with two partners who share and support our vision to take Violet Grey to the next level. The combined facility will enable the company to invest in critical areas of growth while providing the necessary capital to continue to scale the business.”
“We are proud to add Violet Grey to our portfolio of companies,” said Daniel Corry, co-founder and managing director at Agility Capital. “By combining forces with Assembled Brands we were able to offer a debt facility that will facilitate Violet Grey’s growth during this difficult time.”