LONDON — Charlotte Tilbury Beauty has a new minority investor, venture capital firm Sequoia Capital. The Welsh-born billionaire Sir Michael Moritz, a partner at Sequoia Capital, will join the board. Both brands declined to comment further on the investment and how the new funds will be allocated.Sequoia, which is based in Menlo Park, Calif., has previously backed Airbnb, Alibaba, Apple, Dropbox, Google, Instagram, JD.com, WhatsApp and YouTube, while Tilbury’s other minority investors include Venrex Investment Management, run by Mark Esiri. Venrex’s other investments include Samantha Cameron’s new brand Cefinn, Orlebar Brown, Astley Clarke and Lyst.com.Sequoia said, in aggregate, the companies it backs account for more than 20 percent of NASDAQ’s total value. It said the vast majority of money it invests is on behalf of nonprofits and schools, such as the Ford Foundation, Mayo Clinic and MIT.Charlotte Tilbury Beauty is a rapidly growing hybrid skin-care, makeup and scent brand. As reported, the company launched its Instant Magic Facial Dry Sheet Mask last month. “Skin is hugely psychological. Every woman wants to feel like the best version of themselves in their skin every day,” Tilbury said in an interview. “I knew I needed to create a mask that was like an expert facialist in your handbag."A single mask sells for 30 euros, or $32, and a box of four masks costs 110 euros, or $116. In the U.K., they’re priced at 18 pounds and 60 pounds, respectively; in the U.S., a single mask sells for $22; the set of four costs $80.Charlotte Tilbury cosmetics products are carried in more than 70 doors globally; the fragrance can be found in more than 100 global doors. The company said it had a “fantastic 2016, delivering strong triple-digit growth." In February, the brand entered Berlin’s KaDeWe department store in a soft launch, and sells in the U.S., Canada, U.K., Ireland and the Netherlands.The brand has won more than 80 industry awards, and is recognized for its social, community-based marketing strategies. It is also big on innovation, introducing the augmented reality “Magic Mirror” to Westfield London and the brand's Covent Garden shop, launching a virtual reality perfume experience involving Kate Moss, and creating the "Hot Lips x Women for Women" lipsticks. A percentage of proceeds from the sales go to the Women for Women charity.
"'Dynasty' is all about gowns, the diamonds and the scandal, so it's a bit like the fashion industry. When we come to Cannes it's all about the red carpet dresses too, so it all fit really well," said designer @philippplein78 on the theme of his high-glamour resort 2019 show at his mansion in Cannes. #wwdfashion #cannes (📷: @zefashioninsider)
"I think Spike is such a brilliant director because he holds up a mirror to society and reflects these issues, yet he doesn't shove it down your throat, he doesn't tell you what to think," says @lauraharrier on her latest film @Blackkklansman. Harrier was at the Cannes Film Festival – for the very first time – with @officialspikelee. #wwdeye #cannes (📷: @zefashioninsider)
“I would think to myself, Are you happy? Yes, I’m wildly happy. I go to this studio every day and, in my inside voices, I’m giggling; I’m singing. Yes, it’s a lot of work, it’s a [huge] volume of material. It wouldn’t be for everybody. But I was very happy,” said soap opera star @therealsusanlucci of checking in throughout the years with her career trajectory. Lucci spoke to WWD about her decades-long career, love for pilates, motherhood and her QVC activewear line. Read Bridget Foley’s full piece on Lucci on WWD.com #wwdfashion (📷: @celestesloman)
@balmain has taken a stand at the #cannes Film Festival, dressing 16 actresses at a press call for the project “Noire N’est Pas Mon Metier,” or “Black Is Not My Profession.” The multimedia project includes a book, photo exhibit and documentary, which aims to expose discrimination in the French and American entertainment industries. “The moment I was asked to participate, I knew it was right for me, and for this brand, to form a part of this moment,” Balmain creative director @olivier_rousteing told WWD. #wwdnews #wwdfashion
"I always feel curious and I feel like there's more to learn. But I think being relevant, feeling relevant, I personally always feel that there's just so much more to know. And maybe that's the key.” — @themarcjacobs #wwdsummits #wwdbeauty (📷: @patrickmacleodphoto )
“The most amazing thing about her is that, regardless of all the things that have happened to her, her spirit is so undaunted by all of it. She is the most cheerful person you will ever meet. She doesn’t see problems, she only sees solutions,” said @ajanaomi_king of activist Ifrah Ahmed, who she plays in a new film “A Girl from Mogadishu.” WWD caught up with King at Cannes — Head to WWD.com to read more about her new role, personal style and how she uses social media for causes like Time’s Up and Black Lives Matter #wwdeye
WWD asked a number designers to share their thoughts on what Meghan Markle’s wedding gown will look like this Saturday. Here, Valentino’s Pierpaolo Piccioli sketches his look. #wwdfashion #royalwedding #meghanmarkle