Between rising interest rates, increased competition and slow-moving M&A dealflow, beauty founders – and their investors – are likely hedging their bets on their eventual exits.
British cosmetics brand Refy is betting that the best is yet to come.
Co-founder and chief executive Jenna Meek thinks the business can achieve a multi-billion-dollar ($2.7 billion to be exact) valuation in around seven years, due in part to an adolescent goal she set herself — hence the specificity of the figure…