Cult Beauty appoints Carmen Busquets as chairperson
Cult Beauty has appointed Net-a-Porter co-founder Carmen Busquets as non-executive chairperson.
Busquets has been an investor in Cult Beauty since 2012 and also has stakes in The Business of Fashion, Lyst, Farfetch, Maison De Mode, Moda Operandi, Tagwalk, Flowerbx, Sana Jardin, Dr Jackson’s and others. She is also the largest individual private shareholder in Net-a-Porter.
Alexia Inge, co-founder and co-chief executive of Cult Beauty, said: “Carmen has built a reputation in the beauty and fashion industry as a true leader and innovator, supporting great ideas at all stages of growth. The fact that she has seen her own ideals mirrored in the mission and ethos of Cult Beauty to such an extent as to join us as chairperson gives us a great boost. Her reputation, network and experience are unmatched in the luxury space and we look forward to working together to take Cult Beauty to the next stage of its growth story.”
Founded in 2008, Cult Beauty has been growing its international presence and in its last financial year saw over half of its revenue come from outside the UK. In addition, its number of new customers grew by 134% from April to July 2020.
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