Summer Fridays Announces Strategic Growth Investment From TSG Consumer
Summary
Partnership to expand the brands product offerings and consumer reach Prelude Growth Partners to exit investmentLOS ANGELES & SAN FRANCISCO, July 25, 2024-- 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. We are honored to partner with Marianna, Lauren and the entire Summer Fridays team to build upon the Companys success and to help further expand the brand globally.