The fastest-growing skincare brand at Sephora just named a new CEO
Gen Z favorite skincare brand Topicals has appointed a new chief executive officer to lead the company to new heights. Sukiana Chancy will lead Topicals into a next chapter, the company exclusively told The Business of Fashion . Founder Olamide Olowe will step down from her role as CEO and will remain involved in day-to-day operations. Prior to her appointment, Chancy worked as general manager of…
Sekinan Chancy, a young and emerging CEO, has been named to lead the fast-growing skincare brand, Topicals, within Sephora. Founder Olamide Olowe will relinquish her role as CEO but will continue to play a role in overseeing daily operations. Chancy previously served as the general manager for Fenty Beauty's skin, hair, and fragrance sections.
In a statement on Instagram, Chancy expressed her excitement for the opportunity to work alongside Olowe and further propel the brand forward. Olowe spoke to The Business of Fashion, noting that the company has reached a stage of expansion where external guidance is needed to continue its growth trajectory. Topicals, a brand founded in 2020, specializes in addressing skin concerns such as hyperpigmentation, eczema, and acne.
The company's mission is to cater to deeper skin tones, often overlooked in the beauty and skincare industry. Revenue for Topicals saw a significant increase in 2021, tripling from the previous year, and in 2022, the company managed to sell a product every minute. Olowe became the youngest Black woman to raise over $2 million in venture funding when Topicals secured a $10 million investment round in 2022.
The brand's achievements continue to flourish, with a 12-fold increase in revenue over five years and over $22 million in total funding. In a recent Instagram post, Olowe announced that Topicals aims to expand globally, with plans to launch in Sephora's Middle East and European locations.
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