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Raiders of the Glossier Ark

The sudden departure of C.E.O. Kyle Leahy is merely the latest setback for the decade-old Millennial beauty brand, which is struggling to raise fresh capital at even half the valuation it achieved in 2021. “Everyone is balking at the price,” said a person with knowledge of the situation. And the private equity vultures are beginning to circle.

Kyle Leahy
The writing had been on the wall for some time: Leahy joined Glossier in 2022, following a major restructuring in which a third of corporate staff were laid off, but she struggled to create new momentum for the company. Photo: Rowben Lantion/BFA.com
Rachel Strugatz
June 25, 2025

Amid a stalled fundraising process and a series of underwhelming product launches, Glossier has never looked more tarnished. C.E.O. Kyle Leahy, who stepped in three years ago to stabilize the Millennial D.T.C. beauty brand, announced on Tuesday that she would exit Glossier later this year. She’ll follow the departure of C.M.O. Kleo Mack, who left in April for a similar role at SharkNinja. A few months earlier, longtime creative director Marie Suter and her deputy, Adriana Deleo, both resigned simultaneously.