Glossier has secured a $45 million revolving credit facility from Tiger Finance, according to a Thursday press release. The financing closed on June 8.
There were few specifics on how Glossier would deploy the capital, though CEO Colin Walsh said the financing would support “the next chapter of Glossier’s growth, enabling us to deepen our connection with customers and continue creating meaningful experiences that inspire lasting brand love around the world.”
The company did not immediately respond to a request for additional details on its plans.
Glossier, which launched in 2014 amid the DTC craze, last raised $80 million in 2021. At that time, the retailer was still pursuing growth, including a larger offline presence and expansion into international markets.
The next year, Glossier laid off about a third of its team after founder Emily Weiss admitted the brand had “made some mistakes” on its path to scale, including prioritizing projects outside of its core business. Weiss stepped down from the CEO post in May 2022 and appointed then-commercial chief Kyle Leahy to the top spot.
Under Leahy, Glossier entered its first wholesale deal with Sephora, laid off more staff tied to that transition and reorganized the executive team. She announced her departure from the brand in June 2025, saying Glossier was “more profitable than ever before” and prepared for a new growth phase.
Once an it-girl beauty brand, Glossier has lost some of the cultural cachet that helped push it to unicorn status back in 2019. Product reformulations and other missteps have plagued the brand’s previously high-growth trajectory. It now runs about 12 stores, per the company’s website, down from its previous plans for “dozens.” Walsh, with prior experience at Ouai and Procter & Gamble, took on the CEO job in September last year — and with it, the task of furthering the brand’s turnaround.
