// Workers AI · dad joke modeWhy did Dermstore go to therapy? It had a lot of skin issues.
 | |
Type of site | Online shopping |
|---|---|
| Founded | 1999 |
| Headquarters | , United States |
| Area served | United States and Canada |
| Owner | THG plc |
| Founder | Craig A. Kraffert |
| Products | Cosmetics |
| Parent | THG Beauty |
| URL | dermstore |
| [1][2] | |
Dermstore is a US web store which sells cosmetics and skin care products. In 2021, it was acquired by THG plc from Target Corporation for £260.9m and migrated onto the company's Ingenuity e-commerce platform.[1]
History
[edit]Dermstore was founded by dermatologist Craig Kraffert in 1999.[3] In 2008, Dermstore launched a subscription service called BeautyFIX. The monthly subscription service offered beauty boxes containing skin care, hair care and makeup products for a fee.[4] In 2012, the company expanded from distributing professional skin care to consumer cosmetics brands,[5] and on March 19, 2013, the company opened its flagship store in Hermosa Beach, California.[6]
On August 6, 2013, Target Corporation acquired the Dermstore Beauty Group.[7] Dermstore became a wholly owned subsidiary of Target which operated as a separate entity under its online name, Dermstore.com.[8] Dermstore's product offering consisted of over 350 brands[9]
In December 2020, THG plc announced it would buy Dermstore from Target Corporation for $350 million.[10] The deal closed on February 2, 2021 and Dermstore was migrated onto THG's Ingenuity e-commerce platform.[1]
References
[edit]- 1 2 3 "THG Annual Report 2021" (PDF). THG plc. 9 May 2022. Retrieved 25 September 2022.
- ↑ Craig Kraffert Bio
- ↑ Craig Kraffert Bio
- ↑ Deem, Megan. "Makeup Subscription Boxes". Harper's Bazaar. Retrieved August 30, 2019.
- ↑ "Dermstore.com Expands Into Beauty Space". happi.com. 2012-05-09. Retrieved 2015-07-15.
- ↑ "Dermstore Opens Flagship Store In Southern California". beautystorebusiness.com. Retrieved 2015-07-15.
- ↑ Target Press Release on Dermstore Acquisition
- ↑ Michael Carney (2015-08-07), Target buys Dermstore and Sensa is on the block. Intelligent Beauty focuses on JustFab's $1B potential, PandoDaily, retrieved 2015-07-15
- ↑ Target Press Release on Dermstore Acquisition
- ↑ "UK's Hut Group to buy online retailer Dermstore from Target for £249 million pounds". Reuters. 29 December 2020. Retrieved January 8, 2021.