News Formal

Jay-Z’s Firm Backs $33 Million Investment in Madison Reed

  • 📰 WSJ
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

Sandbridge Capital and Jay-Z’s venture capital business are investing $33 million in beauty brand Madison Reed, which will use the money to expand its hair color bar presence, the firms said

Sandbridge Capital and Jay-Z’s venture capital business are investing $33 million in beauty brand Madison Reed.

Madison Reed will use the money to expand its hair color bar presence, the firms said in their announcement Thursday. The company plans to use the funding to expand in New York City, Washington, D.C. and Chicago, hire 850 new colorists and expand its omnichannel offerings.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Aww, man, I thought Hov was trending because of a surprise album release :(

💯

That's cool

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

JPMorgan's crypto veteran Christine Moy joins investment firm ApolloApollo Global Management has hired Christine Moy, a former crypto executive at JPMorgan, as it looks to invest in the web3 industry.
Source: TheBlock__ - 🏆 464. / 53 Read more »