November 27, 2022

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Ulta Beauty Launches MUSE Accelerator Program Focused on Early-Stage BIPOC Brands

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Top Retailer’s Inaugural Software Supplies Retail Readiness Assets and Mentorship to Emerging BIPOC Attractiveness Manufacturers

BOLINGBROOK, Sick., June 07, 2022–(Company WIRE)–Ulta Magnificence, the nation’s largest elegance retailer, is now accepting programs for its MUSE Accelerator, its inaugural application devoted to supporting early-stage BIPOC magnificence brand names to launch and prosper in retail. Through the MUSE Accelerator, Ulta Magnificence will teach, inspire and aid contributors with time, methods and mentorship to prepare varied leaders, founders and business people for retail readiness, although nurturing a group to enable empower every single chosen participants’ journey.

This press release characteristics multimedia. See the complete launch listed here: https://www.businesswire.com/news/home/20220607005335/en/

Ulta Beauty’s MUSE Accelerator supports the company’s ongoing DE&I attempts to amplify underrepresented voices while curating and nurturing a varied assortment. (Picture: Ulta Beauty)

“MUSE Accelerator is another way we’re bringing to everyday living our dedication to diversifying our unparalleled assortment so all attendees can see them selves reflected at Ulta Natural beauty,” claims Monica Arnaudo, main merchandising officer, Ulta Splendor. “We feel it is our responsibility to choose tangible techniques to generate foundational sector change. As a destination the place brand names can master, prosper and correctly access unchartered heights, this application can help us further more nurture emerging BIPOC manufacturers and make meaningful effect for the communities we provide, our field and the environment.”

The MUSE Accelerator supports Ulta Beauty’s ongoing initiatives to amplify underrepresented voices although curating a numerous assortment. Launching in September, eight BIPOC attractiveness brand name applicants will receive $50,000 in economical assist to propel model progress in addition to methods designed to get ready each individual for retail readiness and lengthy-term results. This will involve distinctive chances to study from subject make a difference authorities throughout different subjects these types of as merchandising, provide chain, lawful and promoting, as very well as manufacturer founders and business leaders’ engagement during hearth chats and panels.

To be certain a significant, prosperous experience, a sturdy curriculum was developed in partnership with Enterprise Noire, a non-financial gain corporation that specializes in accelerator packages committed to Black and minority entrepreneurs. The 10-week curriculum characteristics digital and in-man or woman classes concentrated on brand advancement together with:

  • Model Strategy & Positioning: An immersive, 360-degree scheduling session that gives tools, assistance, and sources required for lengthy-phrase results.

  • Retail 101: Professional education on how to properly start, expand and prosper in a nationwide, omni-channel retail atmosphere.

  • Supply Chain & Logistics: A important system on setting up for and navigating distribution channels to be certain optimal shopper ordeals.

  • Demo Week & Celebration: A at the time in a lifetime possibility to pitch the brands to likely buyers and merchants.

Mentorship is an a must have providing that will allow contributors the exclusive chance to learn from a focused mentor more than the training course of the system. MUSE Accelerator Mentors Shontay Lundy, founder of Black Female Sunscreen, Ron Robinson, founder and CEO of BeautyStat, Desirée Rogers, CEO of BLK/OPL and Julissa Prado, founder and CEO of Rizos Curls, are amid the varied business-leaders who have properly crafted brand names. They are graciously offering their time and knowledge to help this following generation of magnificence leaders.

“Having created and released a manufacturer from notion to aisle, I comprehend the essential importance of mentors as guides along the way – specifically as a minority navigating new territories,” said Shontay Lundy, founder and CEO, Black Woman Sunscreen. “I was fortunate to have had these types of assistance and honored to have the possibility to fork out it ahead by way of Ulta Beauty’s MUSE Accelerator.”

Ulta Splendor is now accepting apps for the 2022 MUSE Accelerator cohort, with alternatives to be announced September 2022. Eligible early-stage BIPOC brand names are encouraged to utilize currently by viewing ulta.com/muse-accelerator for pointers and to study extra about the system. The deadline to post is June 30th at 11:59pm CT.

About Ulta Attractiveness

At Ulta Splendor (NASDAQ: ULTA), the options are gorgeous. Ulta Elegance is the major U.S. elegance retailer and the leading attractiveness spot for cosmetics, fragrance, skin treatment products, hair treatment merchandise and salon providers. In 1990, the Business reinvented the beauty retail encounter by giving a new way to shop for attractiveness – bringing with each other all matters magnificence, all in one area. Currently, Ulta Beauty operates more than 1,300 retail retailers across 50 states and also distributes its merchandise as a result of its web page, which features a selection of recommendations, tutorials, and social content material. For extra details, check out www.ulta.com.

Ulta Magnificence was not too long ago extra to the Bloomberg Gender Equality Index, which tracks the economic functionality of community corporations committed to supporting gender equality as a result of coverage advancement, representation, and transparency. Much more facts about Ulta Beauty’s company duty attempts can be located at https://ulta.com/trader/esg.

See source variation on businesswire.com: https://www.businesswire.com/news/dwelling/20220607005335/en/

Contacts

Eileen Ziesemer
Vice President, General public Relations
[email protected]
(708) 305-4479

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