Summer Fridays Announces Strategic Growth Investment From TSG Consumer
Summary
Partnership to expand the brands product offerings and consumer reachLOS ANGELES & SAN FRANCISCO, July 25, 2024--(BUSINESS WIRE)--Summer Fridays (or "the Company"), a clean, premium skincare and hybrid makeup brand, today announced it has received a strategic growth investment from TSG Consumer Partners ("TSG"), a leading private equity firm. The two co-founders, Marianna Hewitt and Lauren Ireland, will retain a significant stake and continue to lead the Company along with the rest of the Summer Fridays management team. We look forward to accelerating our innovation and global distribution alongside a partner that shares our values and supports our commitment to delivering effortless, gentle options for our customers. "We are confident that this new partnership with TSG will enable us to enhance our current product assortment whilst exploring exciting new avenues for growth and innovation," said Kim Natale, President. ""Summer Fridays is truly one-of-a-kind in the beauty industry," said Colin Welch, Managing Director and Head of New York and London Offices at TSG.