The funding comes on the heels of category expansion for Caliray and a year of growth for the brand, which is anticipating more than a doubling in sales this year, according to sources.
With the new funding, the brand, which is focused on creating products with clean formulas, recycled packaging and innovation in sustainability, will continue to invest heavily in Sephora in the U.S. and Canada. While makeup is at the forefront, Zomnir thinks of Caliray as a lifestyle brand, and there will be a few more launches in the wellness category.
“We are thrilled to increase our investment in Caliray and believe in Wende as a visionary, second time beauty founder who previously built and successfully grew
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Sherman Oaks man found guilty of participating in investment schemeProsecutors said the two brothers conned investors out of millions of dollars through a sham investment company
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DeSantis unveils more crackdowns on 'woke' investment practicesFlorida Gov. Ron DeSantis on Monday announced a series of new proposals aimed at cracking down on the use of Environmental, Social, and Governance criteria in investment decisions involving state and local funds. Semafor's Liz Hoffman joins Morning Joe to discuss. Awesome As long as the people of Florida vote for this, they deserve it. Floriduh's filthy beaches are already under severe threat from a variety of deadly flesh-eating bacteria through overuse and trash, red tide, and massive fish kills. He really can't say anything realistic about how 'caring about the environment is 'woke'', can he?
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