Selena Gomez's Rare Beauty brand could potentially explore an initial public offering or sale, sources told WWD.
has hired investment banks Goldman Sachs and Raymond James, but don’t expect anything to happen anytime soon, according to sources.brand is understood to be evaluating potential options for the business, but has not begun a formal process to explore deal options, sources said.Gen Alpha Is Driving 49 Percent of Drugstore Skin Care Sales Growth, per NIQ
At the end of 2023, Rare Beauty had raised $12 million of the $100 million it has committed to mental health causes over the next decade through its Rare Impact Fund, which has partnered with 25 global organizations, and provided support and resources to the brand’s Millennial and Gen Z customers. One percent of annual sales go to the fund.
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