This past summer, IPSY – the largest beauty subscription service revealed that they would be committing “$5 million to the development and amplification of Black-owned beauty brands within the new year.”
CEO of IPSY and BFa (Beauty for All Industries), Marcelo Camberos revealed in a statement to Essence, “It’s no secret that Black-owned brands have long-faced systemic racism. Black founders receive half the bank financing of their Caucasian counterparts and just 1% of venture capital funding. As an entrepreneur, I recognize and acknowledge that we would not have a thriving business had I never received the funding to build and grow it.”
Well, it was recently revealed that this month’s Glam Bags would feature Buttah, Briogeo, Uomo by Sharon Chuter, Basic Beauty, BeautyStat, Twisted Sista, Mischo Beauty and more.
Camberos continued, “From day one our mission has been to inspire self-expression and make beauty accessible to all. IPSY is a platform for discovery built on our incredibly passionate beauty community.”
Adding, “We want to facilitate discovery of these amazing brands and nurture brand advocates that will continue to support them beyond the Glam Bag.”
For more information on this program, click here.
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