The cofounders of Macy’s-owned Bluemercury, Marla and Barry Beck, are exiting the company.
Barry Beck, BlueMercury’s chief operating officer, will step down Sept. 20 “to pursue a new entrepreneurial venture.” Marla Beck, the company’s chief executive officer, will stay on during a transition period.
The Beck’s opened Bluemercury 20 years ago with one shop in the Georgetown neighborhood of Washington, D.C. and built it up into a network of neighborhood-based beauty stores that carried high-end brands normally seen in department stores. The duo sold the company to Macy’s in 2015 for $210 million.
Macy’s is conducting a search for the next chief executive officer, and will consider internal and external candidates, the company said in a statement.
“Bluemercury has experienced robust growth since becoming a part of Macy’s Inc. in 2015, in large part due to the vision and leadership of Marla and Barry Beck. Beauty is one of Macy’s six destination businesses, and we will continue to leverage Bluemercury’s successful formula to learn from and drive growth,” said Jeff Gennette, chairman and chief executive officer of Macy’s, in a statement.
“When we founded Bluemercury 20 years ago, we could never have imagined having nearly 190 locations across 26 states. We are grateful to have joined a company that has given us the independence and runway to grow so aggressively. I know Macy’s will continue to guide and support this brand into the future,” Marla Beck said in a statement.
“Bluemercury has accomplished so much as part of Macy’s. We have successfully scaled our neighborhood store model across the country as we stayed in the forefront of beauty innovation. I know we’re leaving the company in good hands, and I look forward to continuing to watch the brand grow and fulfill its enormous potential,” said Barry Beck, in a statement. A spokesperson for Beck declined to provide comment on his new venture.
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