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Stock impact report

Studs Raises $20 Million To Be Gen Z’s Hipper Answer To Piercing Chain Claire’s [Forbes]

Warby Parker Inc. (WRBY) 
Company Research Source: Forbes
In 1993, astronomist-turned-jewelry designer Maria Tash opened her first piercing studio in Manhattan’s then gritty East Village. There, and by way of her future eponymous piercing chain, Tash pioneered the mainstreaming of the “curated ear”: the artful arrangement of multiple piercings on an ear’s lobe and cartilage. The trend—once the territory of punks and goths—took hold, and celebrities from Beyoncé to Scarlett Johansson to Gwyneth Paltrow began to exhibit impressively decorated ears.Instagram helped the movement along. The hashtag #CuratedEar currently has more than 129,000 posts, and more than 728,000 people follow Maria Tash. Now, the New York-based startup Studs, which envisions itself as more economical than a Maria Tash but more upscale than the mall mainstay Claire’s, has raised $20 million in new funding, bringing its total capital to over $30 million. Its Series B, announced Tuesday, is led by Spark Capital’s Kevin Thau with participation from Thrive Capital, the firm th Show less Read more
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