Makeup by Mario Hires Investment Bank to Explore Exit Options

Make-up by Mario has employed J.P Morgan to discover its deal choices.

Sources near the corporate beforehand confirmed to The Enterprise of Magnificence that the model would possible discover a sale within the second half of 2024. The model’s estimated retail gross sales for 2023 reached $225 million, and it’s anticipated to achieve $300 million this 12 months. Its last funding round in 2023 valued the model at over $200 million. Subsequent launches such because the growth of its SurrealSkin complexion franchise and new eyeshadow palettes have bolstered its relevance.

Based in 2020 by superstar make-up artist Mario Dedivanovic, greatest recognized for his work with Kim Kardashian, the road has gained followers for main with artistry, not his A-list clientele.

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