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Mented Cosmetics, A Black-Woman-Owned Beauty Brand, Has Been Acquired [Yahoo! Finance]
Last ulta beauty, inc. earnings: 3/12 04:03 pm
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US:NASDAQ Investor Relations: ir.ultabeauty.com/overview/default.aspx
The company, co-founded in 2017 by KJ Miller and Amanda E/J Morrison, offers products that cater to women of all complexions, its website mentions. According to Beauty Independent, Mented Cosmetics' inaugural product was nude lipsticks created for women of color, which is still one of its best sellers. Mented Cosmetics' products have since expanded to include mascara, blush, eyeshadow, foundation, and more, which can be seen on its website. Prices range from $16.50 to $30, the outlet says. The brand first relied on direct to consumer (DTC) distribution before landing in retail stores. As of this writing, its products are being sold in Ulta Beauty, Target, CVS and Walgreens but will shift its focus to DTC, the outlet notes. Over the years, the company has raised $9 million in venture capital funding, Crunchbase lists. However, there have been some growing pains. In January 2024, the company halted the sales on its website due to not having enough inventory to fulfill orders.
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- Will Weakness in Ulta Beauty, Inc.'s (NASDAQ:ULTA) Stock Prove Temporary Given Strong Fundamentals? [Yahoo! Finance][Yahoo! Finance]
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