Dermstore
| File:Dermstore logo.svg | |
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 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 | edit source]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
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