By  on February 7, 2020

Peach & Lily has its first big investor — Sandbridge Capital, which also backs Derek Lam and Youth to the People.

Peach & Lily was founded in 2012 by Alicia Yoon as a means to bring Korean-beauty trends into the U.S. market. The business also has two owned brands — Peach & Lily, a prestige brand that makes products like Glass Skin Refining Serum for $39, and Peach Slices, a mass brand sold at CVS. It also acts as a third-party distributor to certain brands.

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