BeautyX Capital Summit opens Monday in New York City
Each year when BeautyX comes to New York City, the topic is capital. In Dallas, the summit is all about retail. And in Los Angeles, BeautyX focuses on media and influencers. The BeautyX events series is hosted by the Indie Beauty Media Group (IBMG), the same venture that puts on the Indie Beauty Expo in 3 US and 2 European cities each year.
“Poor capitalization and lack of funding is one of the top reasons why brands fail or fail to reach their potential,” IBMG co-founder Nader Naeymi-Rad tells Cosmetics Design. “So whether you are thinking of launching a beauty brand or scaling an existing one, you must have a clear and realistic capitalization strategy that supports your vision.”
“And,” he believes, “there is no better place to learn the basics, delve into more advanced topics and meet, network, and hear from the top experts in beauty finance and deal-making than at the BeautyX Capital Summit.”
The concept
This year’s BeautyX Capital event will take place at Convene – One Liberty Plaza in Lower Manhattan on Monday August 19th and Tuesday the 20th, making it one year since this topic was last covered at BeautyX. “We have 12 months of robust investor activity in beauty and wellness to parse,” notes Claire McCormack, thought leadership for IBMG.
“By putting a focus on how the latest round of deals might affect independent brands in the immediate future, we are able to keep this important topic fresh every year,” says McCormack.
And there will be new features at this year’s summit. “We have added ‘Investor Time’ satellite events to our schedule. During Investor Times, attendees can sign up to join small group sessions with individual investors, enabling more intimate and personalized conversations. And for those who don’t feel comfortable asking their questions even in a small group setting, there is the option to forward… 2-3 questions to the moderator ahead of time to be included in the discussion guide,” points out Naeymi-Rad.
“What has remained the same [for the 2019 BeautyX Capital Summit],” promises Naeymi-Rad, “is our true and tested 360-degree learning methodology that, over two days, combines instructor-led courses, case studies, workshops, expert panel discussions and live learning to ensure key content is properly introduced to and investigated and internalized by attendees.”
The content
“The BeautyX Capital Summit is one of our best-attended events, not just in terms of quantity, but also in terms of quality and diversity of presenters, panelists, speakers and attendees that join us,” Naeymi-Rad tells Cosmetics Design.
This year’s event will include panel talks on finding funding, angel investment, venture capital, and private equity. There will be sessions covering the cost of launching a brand, company valuation, and much more.
Notable guest experts at the 2019 edition of BeautyX Captial include, both Annie Jackson, founder and COO, and Dawn Dobras, CEO of Credo; Brandon Ford, chief accelerator director at The Lubrizol Corporation; Ashleigh Barker, senior advisor at Michel Dyens & Co.; Alexandra Fine, co-founder and CEO of Dame; Sonya Brown, general partner at Northwest Venture Partnership; Janet Gurwitch, operating manager at Castanea Partners; and Carol Hamilton, group president of acquisitions at L’Oréal USA.
To learn more about next week’s BeautyX Capial Summit, click here.
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Deanna Utroske, CosmeticsDesign.com Editor, covers beauty business news in the Americas region and publishes the weekly Indie Beauty Profile column, showcasing the inspiring work of entrepreneurs and innovative brands.
