Key Takeaways:
- Glossier secured a $45 million revolving credit facility from Tiger Finance.
- There were few specifics on how Glossier would deploy the capital,
- Glossier, which launched in 2014 amid the DTC craze, last raised $80 million in 2021.
Tiger Finance has provided a $45 million flexible line of credit to global skincare and beauty brand Glossier.
WHO: Launched in 2014, the brand traces its roots to "Into The Gloss," a beauty-dedicated editorial site created by Glossier founder Emily Weiss celebrating individuality and freedom. Glossier offers a curated selection of skincare, makeup, bodycare, and fragrance products that are intuitive, effective, and easy to use. It operates flagship stores in New York, Los Angeles, and London in addition to cultivating its highly engaged social media community of over 4 million followers. Following 2023’s omnichannel transformation of Glossier, the brand launched into 650 US Sephora stores, replatformed their website, opened new Glossier freestanding stores, and launched global e-commerce.
Tiger Finance relies on deep asset knowledge to meet the complex capital needs of borrowers from across industries. The secured lending platform unlocks the strategic value of assets such as working capital, machinery and equipment, fixtures, real estate, and intellectual property. Its intelligent capital solutions for middle-market companies include first-lien, second-lien, and split-lien facilities, typically structured as term debt. Tiger Finance is a division of Tiger Capital Group that specializes in secured debt financing and equity investments, as well as comprehensive appraisals for the ABL industry and the disposition of consumer and...
