No Images? Click here Here's a real example of a self-made boss. Pat McGrath’s cosmetic company, Pat McGrath Labs, has reached an estimated valuation of $1 billion, outpacing the figure for Kylie Jenner’s Kylie Cosmetics. McGrath launched her brand in 2016 after she’d been a mainstay in the fashion world as the creative force behind iconic makeup looks on the runways. Almost immediately after the launch of Pat McGrath Labs, it became a hit at Sephora stores. As of this week, the brand accepted an investment from Eurazeo Brands, an investment division of global investment firm Eurazeo, in a $60 million deal. McGrath said in a statement that it had been her “dream to create an iconic beauty brand that goes beyond the usual limitations, that lives outside the parameters of what is expected.” In case you missed it What's trendingDee-Ann Kentish-Rogers made history on Saturday.Kentish-Rogers, 25, is the first black woman to be crowned Miss Universe Great Britain since the pageant’s inception in 1952. The newly crowned beauty queen hails from Anguilla, a British territory, and will go on to represent Anguilla and the United Kingdom at the international Miss Universe competition, which will take place in the Philippines in December.“It’s really humbling and I think it’s also a privilege for me to become the first black woman who is crowned Miss Universe Great Britain,” she said. “I believe that this is the direction that the pageant has been going in for the last couple of years because Britain is a diverse nation, we are a multicultural society and it is time that that diversity is seen on a stage where other young black girls and girls of all ethnicities can see that this is something for everybody not just some of us.”HuffPost is now a part of Oath and a part of Verizon. On May 25th 2018 we will be introducing a new Oath Privacy Policy which will explain how your data is used and shared. Learn More. Stay plugged in with the stories on black life and culture that matter. Does somebody keep forwarding you this newsletter? Subscribe here! Want more? Check out Black Voices.©2018 HuffPost | 770 Broadway, New York, NY 10003 |
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