>>
Industry>>
Retail>>
Glamsquad Acquires Susanna Qui...Glamsquad, a beauty and lifestyle company, announces the acquisition of Veluxe, the DC-based beauty and wellness service.
The acquisition will help Glamsquad to build up its involvement in the Washington, D.C. market in many different ways. As Glamsquad has already started to expand in the D.C. market, the brand is looking forward to focus more on producing authentic and world-class products and services.
The deal was announced on Wednesday.
Amy Shecter, chief executive officer, Glamsquad, says: “The partnership was a natural alignment for us as we share the same philosophy when it comes to our commitment to both our clients and our beauty professionals. Susanna Quinn (founder Veluxe) has built a strong, loyal clientele base as well as beauty professional network in the D.C. market and we are thrilled to invite them into our community.”
On the decision to sell Veluxe, Susanna Quinn explains: “I was really impressed with the trajectory of Glamsquad and I also loved the brand. Glamsquad has worked to build a business in which their employees and service providers are as valuable to them as their clients. Their passion for building the company inspired me to want Veluxe and myself to be a part of it. Together, we will now be the clear leaders in the beauty services business in Washington.”