Marla Malcolm Beck

Last updated
Marla Malcolm Beck
Marla Malcolm Beck.jpg
BornMay 22, 1970
Oakland, California
Education University of California Berkeley Harvard Business School Harvard Kennedy School
OccupationEntrepreneur
Known forCo-Founder, CEO Bluemercury
SpouseBarry Beck

Marla Malcolm Beck is an entrepreneur based in the United States. [1] She is co-founder the beauty company Bluemercury in Washington, D.C. alongside her husband, Barry J. Beck in 1999. [2] Bluemercury was acquired by Macy's in 2015. [3] [4] [5] Beck retained her position as CEO until 2021. [6] [7]

Contents

Early life and education

Beck is the daughter of a real estate developer. [5] [8] In 1993, she graduated from the University of California, Berkeley with a Bachelor of Arts in political economy and later was hired by the global management consulting firm McKinsey & Company as an analyst. [5] [9]

Several years later, she quit her job to get a joint graduate degree at Harvard University, earning both her Master of Business Administration and Master of Public Administration from the Harvard Business School and Harvard Kennedy School, respectively, in 1998. [1] [9] After briefly entering the field of private equity, Beck exited the field to create Bluemercury with her husband. [10] [11]

Career

In 1999, Beck and her husband founded Bluemercury as an online-only cosmetics boutique, [12] and in the fall of that same year, the duo opened their first store in Georgetown (Washington, D.C.). [13] [14] By 2006, the company had grown to 12 stores across the country, supported by New York private equity firm, Invus Group LLC. [15]

In March 2015, Bluemercury joined Macy's, Inc. through acquisition for $210 million. Beck remained Chief executive officer. [3] [4] [16] [17] At the time of the sale, Bluemercury had a little over 60 stores. [18] In September 2019, Bluemercury Chief operating officer Barry Beck announced he would be leaving, while Marla Beck would stay on during a transition period until a new CEO was named. [19] [20] During the COVID-19 pandemic, Beck remained in her position at Bluemercury and moved the company towards skincare. [21] [22] Beck left the company in 2021. [6]

M-61 Labs

In 2006, Beck began Bluemercury's own vegan skincare line, M-61, which launched in 2012 and refuses to use more than 100 chemicals common to the industry. [5] [23]

Lune+Aster

In 2015, Beck launched her own makeup line similar to M-61 in the brands commitment to vegan, gluten free, and paraben free formulas. [24]

Appointed Positions

Beck currently serves in the following positions: The Children's Place Independent Director, [25] Advisory Board of Harvard Business School Rock Center for Entrepreneurship, [26] Leadership Council of Harvard Kennedy School Center for Public Leadership, [27] Board of Trustees, Sidwell Friends School, [28] Director Nominee Chobani, [29] Board of Directors for Evenly Technologies, Board of Directors Beauty Health. [30] She previously served as a Board Member for the National Retail Federation [31] and as a member of the Global Leadership Board for EdX. [32]

Awards and honors

2014 - Appointed Entrepreneur in Residence at the Harvard Business School [9]

2014 - Goldman Sachs' 100 Most Intriguing Entrepreneurs

2015 - Ernst and Young Entrepreneur of the Year National Finalist

2016 - Cosmetic Executive Women Achiever Award Recipient [33] [34]

2017 - BeautyCares Dream Ball Honoree alongside husband Barry Beck [35]

2019 - Inducted into the Washington Business Hall of Fame [36]

2019 - Harvard Business School Alumni Achievement Award [37]

Personal life

Beck resides in Bethesda, Maryland with her husband and their three children, Ariel, Sophie, and Luc. [38]

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References

  1. 1 2 "Marla Malcolm Beck". cpl.hks.harvard.edu. Retrieved 2022-08-14.
  2. ↑ Fine, Jenny B. (2019-06-04). "Bluemercury: 20 Years of Growth". WWD. Retrieved 2022-08-14.
  3. 1 2 "Macy's, Inc. Completes Bluemercury Acquisition". Macy's, Inc. Retrieved 2022-08-14.
  4. 1 2 "Macy's, Inc. Agrees to Acquire Bluemercury". www.businesswire.com. 2015-02-03. Retrieved 2022-08-14.
  5. 1 2 3 4 Decker, Vivienne. "Marla Malcolm Beck Sold Bluemercury To Macy's For $210 Million, Now She's Betting On Vegan Cosmetics". Forbes. Retrieved 2022-08-14.
  6. 1 2 Hansen, Drew (July 22, 2022). "Marla Beck exits CEO role at Bluemercury, the beauty company she founded in 1999". www.bizjournals.com. Retrieved 2022-08-14.
  7. ↑ Wassel, Bryan (2021-07-26). "Macy's Picks New Bluemercury CEO as Rightsizing and Revitalization Efforts Continue". Retail TouchPoints. Retrieved 2022-08-14.
  8. ↑ "Profile — Entrepreneurship — Harvard Business School". entrepreneurship.hbs.edu. Retrieved 2022-08-14.
  9. 1 2 3 "Marla Beck, MBA/MPA 1998 - Alumni — Harvard Business School". www.alumni.hbs.edu. Retrieved 2022-08-14.
  10. ↑ Irwin, Neil (2016-09-09). "How to Become a C.E.O.? The Quickest Path Is a Winding One". The New York Times. ISSN   0362-4331 . Retrieved 2022-08-14.
  11. ↑ Bryant, Adam (2015-01-10). "Marla Malcolm Beck's Three Keys to Hiring: Skill, Will and Fit". The New York Times. ISSN   0362-4331 . Retrieved 2022-08-14.
  12. ↑ "Bluemercury founder taking neighborhood approach to luxury beauty, spa service sales". Chicago Tribune. Retrieved 2022-08-14.
  13. ↑ Wu, Sarah Y. "5 Tips On Business And Beauty From Bluemercury CEO Marla Malcolm Beck". Forbes. Retrieved 2022-08-14.
  14. ↑ "An Inside Look at Bluemercury with Marla Malcolm Beck". Vanity Fair. 2013-03-13. Retrieved 2022-08-14.
  15. ↑ Fernandez, Chantal. "Macy's Buys Sephora Competitor Bluemercury". Fashionista. Retrieved 2022-08-14.
  16. ↑ US, FashionNetwork com. "Macy's announces acquisition of Bluemercury". FashionNetwork.com. Retrieved 2022-08-14.
  17. ↑ Pollock, Suzanne Kapner and Lauren (2015-02-03). "Macy's Buys Skin-Care Chain, Hunts for Growth". Wall Street Journal. ISSN   0099-9660 . Retrieved 2022-08-14.
  18. ↑ "Bluemercury's Marla Beck on selling her company to Macy's". www.washingtonpost.com. Retrieved 2022-08-14.
  19. ↑ Collins, Allison (2019-09-16). "Bluemercury Founders Marla and Barry Beck to Exit". WWD. Retrieved 2022-08-14.
  20. ↑ "Founders of beauty retail giant Bluemercury exit the business". cosmeticsbusiness.com. Retrieved 2022-08-14.
  21. ↑ Dagher, Veronica (2020-08-22). "Three Questions With Bluemercury's Marla Beck on How Covid-19 Is Changing the Beauty Business". Wall Street Journal. ISSN   0099-9660 . Retrieved 2022-08-14.
  22. ↑ Davis, Dominic-Madori. "The CEO of Bluemercury explains how her luxury beauty company adapted its innovative, hands-on retail strategy to survive in a digital-first world amid the pandemic". Business Insider. Retrieved 2022-08-14.
  23. ↑ "Bluemercury Launches a New Skincare Category: M-61 Serum Pads". www.businesswire.com. 2018-10-03. Retrieved 2022-08-14.
  24. ↑ "Interview With Marla Beck, Founder of Bluemercury | Makeup.com by L'Oréal". makeup.com. Retrieved 2022-08-14.
  25. ↑ Vill, Robert. "The Children's Place Appoints Marla Malcolm Beck, Founder & CEO of Macy's, Inc. Upscale Beauty Retailer Bluemercury, to Its Board of Directors". Press Release — Children's Place, Inc.
  26. ↑ "Rock 100: The Summit — Entrepreneurship — Harvard Business School". entrepreneurship.hbs.edu. Retrieved 2022-08-14.
  27. ↑ "Leadership Council". cpl.hks.harvard.edu. Retrieved 2022-08-14.
  28. ↑ "Leadership — Sidwell Friends". www.sidwell.edu. Retrieved 2022-08-14.
  29. ↑ "S-1". www.sec.gov. Retrieved 2022-08-14.
  30. ↑ "BeautyHealth Appoints Bluemercury Founder Marla Beck to Board of Directors". Financial Post. 2022-06-06. Retrieved 2022-08-14.
  31. ↑ "Q&A: Bluemercury Inc. co-founder and CEO Marla Beck". NRF. Retrieved 2022-08-14.
  32. ↑ "Marla Beck — Global Leadership Board Member at edX". THE ORG. Retrieved 2022-08-14.
  33. ↑ cosmeticsdesign.com. "CEW Achiever Awards celebrate the beauty industry's top leaders". cosmeticsdesign.com. Retrieved 2022-08-14.
  34. ↑ "1,200 Strong Attend CEW Achiever Awards". Beauty Packaging. Retrieved 2022-08-14.
  35. ↑ Collins, Allison (2017-09-28). "Dream Ball Honors Don Loftus, Marla and Barry Beck". WWD. Retrieved 2022-08-14.
  36. ↑ "Learn about the 2019 Laureates: Marla Beck". Junior Achievement of Greater Washington. Retrieved 2022-08-14.
  37. ↑ "Harvard Business School Honors Five Graduates with Alumni Achievement Award". Harvard Business School. 2019-05-28. Retrieved 2022-08-14.
  38. ↑ "What's inside the home owned by Bluemercury's founders? Many beautiful shades of blue". Washington Post. Retrieved 2022-08-14.
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