The mass-market beauty company had $96.8 million in sales for the first half of 2016.
Rights groups applaud the decision as a victory for individual and religious freedom.
The publication is launching a biweekly online video series today featuring a large cross section of individual style from all five boroughs.
Terms of the settlement were not disclosed, but both sides are set to return to court on Tuesday to approve the details of the agreement.
The magazine’s editor, Stefano Tonchi, greeted guests including stylist Amanda Ross, Anh Duong, Lisa Phillips, Jeffrey Deitch, Arizona Muse and Karli Kloss.
The lower Manhattan community board chair is gearing up to run for Manhattan borough president next year.