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Jay-Z Makes Major Investment In Beauty Brand
12 days ago - By Essence
By Jasmine Browley · Updated May 13, 2022 Jay Z is joining his wife in the fashion and beauty investor space. ESSENCE recently reported that Beyonce joined Rihanna and others as an investor in a French women's apparel brand-now it has been reported that Jay-Z is backing premier beauty brand Madison Reed in an investment totaling $33 million, according to Bloomberg. Led by Sandbridge Capital and Jay-Z firm Marcy Venture Partners, the investment totaled nearly $220 million. Madison Reed plans to use the funding to help launch a Hair Color Bar expansion and retail locations such as Ulta and...
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