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Estée Lauder acquires Becca Cosmetics for a reported $200 million

becca cosmetics

The Estée Lauder Companies Inc. just announced it has signed an agreement to acquire Becca Cosmetics from beauty incubator Luxury Brand Partners. Financial terms of the deal were not disclosed, although many speculate the acquisition falls in the $200 million scope. UBS served as financial advisor to Estée Lauder while Lowenstein Sandler LLP served as legal counsel. Becca received financial …

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Sequoia Capital appoints Jess Lee as first U.S. female investment partner

Image screenshot courtesy: The Hustle

Jess Lee, has joined Sequoia Capital as its 11th investing partner at the U.S. leg of the firm. In a historical turn, this is the first time the firm has hired a senior female partner in the 44 years it has been in existence, TechCrunch reports. Lee joins the firm from Yahoo, which acquired Polyvore in August 2015, the fashion …

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Anicka Yi beats out five artists to win Hugo Boss Prize


The winner of the Hugo Boss Prize has just been announced. Thursday evening, Richard Armstrong, director of the Guggenheim Museum, and Hugo Boss CEO, Mark Langer, awarded Anicka Yi this year’s prize. In its 20th year, the Hugo Boss Prize is granted by the Solomon R. Guggenheim Foundation in New York and awards standout artists contributions to contemporary art. Yi …

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Makerist raises $5.4 million for online DIY video platform


Makerist, a Berlin, Germany DIY video platform, has raised €5 million ($5.4 million at current exchange) in Series B funding. New investors G+J Digital Ventures and Ringier Digital Ventures contributed to the investment with participation from existing investors High-Tech Gründerfonds and OZ Verlag. Axel Heinz and Amber Riedl, co-founded Makerist in June 2013 as an online DIY handcrafts school. Viewers …

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