Rare Beauty | |
Company type | Private |
Industry | Cosmetics |
Founded | September 3, 2020 |
Founder | Selena Gomez |
Headquarters | 222 N Pacific Coast Hwy, , United States |
Area served | Worldwide |
Key people |
|
Products | Cosmetics |
Revenue | US$ 300 million (2023) [1] [2] |
Owner | Selena Gomez |
Website | rarebeauty |
Rare Beauty is an American makeup and cosmetics company founded and owned by Selena Gomez. Inspired by her third studio album, Rare (2020), the company aims to "break down unrealistic standards of perfection" by promoting inclusivity and addressing mental health initiatives and education. [3] [4]
Rare Beauty launched on September 3, 2020, exclusively through their official website and in Sephora stores in North America. [5] Since then, it has been made available to countries in Europe, Asia, and the Middle East. One percent of all sales are donated to the Rare Beauty Impact Fund, a part of their "commitment to give people access to the resources they need to support their mental health." [6]
The current price of Rare Beauty is over US$2 billion, as of 2024. [1] [2] In 2023, the estimated revenue for the line reached US$300 million, up approximately 50 percent from 2022. [1] [7] Rare Beauty crossed US$400 million in net sales in the 12 months ending in February 2024. [8] The brand is one of the best-selling brands at Sephora. [9] Additionally, Rare Beauty is the fastest-growing celebrity beauty brand on social media. [10]
Rare Beauty was founded on February 22, 2019, by American singer and actress Selena Gomez. [11] On February 4, 2020, she formally announced her company on social media. [12] In its accompanying video, Gomez revealed that she had been working on the cosmetics line for the last two years and that she had "found the right partners and the right team — we now have 28 amazing people that are working for the brand." On the new venture, Gomez explained that Rare Beauty would encompass an entire lifestyle and that it "isn’t about how other people see you — it’s about how you see yourself. I want us all to stop comparing ourselves to each other and to start embracing our uniqueness. You are not defined by a photo, a like, or a comment.” [13] In an interview with Allure, Gomez stated that "beauty doesn’t have to be defined by a like or a comment, or your body. We were always under the notion that this would also be about mental health and creating a safe place for people to connect." [14] She also emphasized that her "main purpose when I started Rare Beauty was to break down the unrealistic standards of beauty we see in society today," motivated by the "pressure on us to be “perfect.” [15]
In August 2020, Gomez revealed on Instagram that Rare Beauty would be launching on September 3 on its official website and in Sephora stores across North America. [16] [17] Its original included 48 shades of foundation, matte lip creams, eyebrow definers, liquid blush, and lip balms. [18] The cruelty-free and vegan products were packaged with recyclable materials certified by the Forest Stewardship Council (FSC), and was printed with water-based ink. [19] As the company grew, Rare Beauty expanded its markets to the Middle East, Europe, and Southeast Asia. [20] [21] In February 2022, the company launched in the United Kingdom exclusively through Space.NK. [22] [23] Going viral on TikTok, the Rare Beauty blush has made a significant impact on the brands imaging, some even say the product is "too pigmented." [24]
As part of her commitment to mental health awareness and education, Gomez created the Rare Impact Fund to help "young people gain access to mental health resources" and is committed to raising US$100 million over the next ten years. [25] To achieve that goal, a percentage of all Rare Beauty sales, along with "philanthropic foundations, corporate partners, and individuals in our community" will be donated towards the fund. [26] In its first year, the non-profit affiliate provided $1.2 million in grants to eight mental health and education-focused organizations, including the Yale Center for Emotional Intelligence and Didi Hirsch Mental Health Services. [27] For Mental Health Awareness Month, Rare Beauty launched its first GoFundMe campaign and pledged to match $200,000 of donations. The company also launched an education and advocacy initiative called Mental Health 101, which is "dedicated to supporting mental health education and encouraging financial support for more mental health services in educational services." [28] [29]
In honor of World Mental Health Day, Gomez announced that Sephora donated 100 Percent* of the sales of Rare Beauty by Selena Gomez products to the Rare Impact Foundation for Mental Health services within 24 hours. [30] [31]
1st Rare Impact Foundation Benefit: A Night of Radiance & Reflection in Los Angeles | |
---|---|
Genre | Fundraising gala |
Date(s) | October 4, 2023 |
Location(s) | Nya Studios Los Angeles, California, U.S. |
Country | United States |
Years active | 2023 [32] |
Founder | Selena Gomez |
Most recent | October 4, 2023 |
Organized by | Rare Impact Foundation |
Website | rareimpactfund |
On October 4, 2023, Gomez held her first the inaugural Rare Impact Foundation Benefit: A Night of Radiance & Reflection in Los Angeles. [32] The charity event supported the Rare Impact Foundation's mission to raise money to reduce mental health-related stigma and expand access to mental health services and education for young people around the world. [33] [32] Many celebrity attended this charity event, and Martin Short served as emcee for the evening, and H.E.R. also had a special performance and a Marshmello DJ set. [32]
Rare Beauty aims to be inclusive [34] by offering a diverse range of 48 foundation and concealer shades. [35] The packaging is also made to be easy to use by people with disabilities with a sphere shape at the top of the applicators which prove to be disability-friendly. [36] [37]
In December 2023, Rare Beauty launched The Find Comfort Body Collection includes four products: The Find Comfort Hydrating Body Lotion, Hydrating Hand Cream, Body & Hair Fragrance Mist and Stop & Soothe Aromatherapy Pen. [38]
The current price of Rare Beauty is over US$2 billion, as of 2024. [1] [2] In 2023, the estimated revenue for the line reached US$300 million, up approximately 50 percent from 2022. [1] [39] Rare Beauty crossed US$400 million in net sales in the 12 months ending in February 2024. [8]
According to a Bloomberg report, the brand's star product is the best-selling liquid blush, the product retails for US$23, which in 2022 sold over 3.1 million units. [40] [10] Rare Beauty has already sold US$70 million worth of liquid blush in 2022 alone, and expects to triple the company's overall sales from last year. [40] [10] Additionally, Rare Beauty is the fastest-growing celebrity beauty brand on social media. [10] The company gained 400,000 TikTok followers and more than 600,000 Instagram followers in February 2023. [10] The brand has more than 6.4 million followers on Instagram, [41] and more than 3.4 million on TikTok. [42]
In 2023, Rare Beauty launched its Soft Pinch Tinted Lip Oils, they sold out within 12 hours on RareBeauty.com, generating a wait-list of more than 20,000 customers. [43]
As of 2023, Rare Beauty emerged as the top index brand on TikTok and Instagram, with a combined media impact value of US$313,198,657 on the two platforms alone. [44]
Award | Year [lower-alpha 1] | Recipient(s) and nominee(s) | Category | Result | Ref. |
---|---|---|---|---|---|
Allure Best of Beauty Awards | 2021 | Rare Beauty by Selena Gomez | Best New Brand [lower-alpha 2] | Won | [45] |
Best Cream Blush | Won | [46] | |||
2022 | Best Blush [lower-alpha 2] | Won | [47] | ||
Best Mascara [lower-alpha 2] | Won | ||||
Best Blush (Liquid) | Won | [48] | |||
2023 | Best Blush [lower-alpha 2] | Won | [49] | ||
Best Highlighter [lower-alpha 2] | Won | ||||
Best Mascara [lower-alpha 2] | Nominated | [50] | |||
Best Powder Highlighter | Won | [51] | |||
Anthem Awards | 2024 | Diversity, Equity & Inclusion | Pending | [52] | |
Beautycon's The Beauties Awards [lower-alpha 3] | 2023 | Brand of the Year | Won | [54] | |
CEW Beauty Awards | 2021 | Face Product [lower-alpha 4] | Nominated | [55] | |
2023 | Best New Face Makeup – Prestige [lower-alpha 5] | Won | [56] | ||
Cosmopolitan Beauty Awards (UK) | 2022 | Best Bronzer [lower-alpha 6] | Won | [57] | |
Best Lip Liner [lower-alpha 7] | Won | [58] | |||
2023 | Best Gel Eyeliner [lower-alpha 8] | Won | [59] | ||
Cosmopolitan Holy Grail Beauty Awards | 2021 | Best Blush | Won | [60] | |
2022 | Best Liquid Lipstick | Won | [61] | ||
2023 | Best Highlighter | Won | [62] | ||
Cosmopolitan Readers’ Choice Beauty Awards | 2022 | Best Highlighter | Won | [63] | |
Best Mascara | Nominated | [64] | |||
Best Blush | Nominated | ||||
Best Lip Balm | Nominated | ||||
2023 | Best Celebrity Brand | Nominated | [65] | ||
Best Setting Powder | Nominated | ||||
Best Bronzer | Won | ||||
Best Blush | Won | ||||
Best Highlighter | Nominated | ||||
Elle Beauty Awards | 2023 | Best Foundation and Blush [lower-alpha 9] | Nominated | [66] | |
The Highlighter [lower-alpha 10] | Won | [67] | |||
Glamour Beauty Awards | 2021 | Best Makeup Products of the Year [lower-alpha 11] | Won | [68] | |
2022 | Best Lipstick [lower-alpha 12] | Won | [69] | ||
Best Powder | Won | [70] | |||
Best Breakthrough [lower-alpha 13] | Won | [71] | |||
2023 | Best Highlighter [lower-alpha 14] | Won | [72] | ||
Best Lipstick [lower-alpha 14] | Won | ||||
Best Highlighter [lower-alpha 15] | Won | [73] | |||
Best Blush [lower-alpha 15] | Won | ||||
Best Highlighter [lower-alpha 14] | Won | [74] | |||
Best Lip Gloss [lower-alpha 14] | Won | ||||
Harper's Bazaar Awards | 2022 | Best Blush [lower-alpha 16] | Won | [75] | |
Best Fake Flush [lower-alpha 17] | Won | [76] | |||
Best Blush - Cream [lower-alpha 18] | Won | [77] | |||
2023 | Best Liquid Liner [lower-alpha 19] | Won | [78] | ||
Best Highlighter [lower-alpha 18] | Won | [79] | |||
Best Concealer for Under Eye [lower-alpha 18] | Won | ||||
InStyle Awards | 2021 | Best Concealer [lower-alpha 20] | Nominated | [80] | |
Favorite Celebrity Brand [lower-alpha 20] | Nominated | ||||
2023 | Best Highlighter [lower-alpha 21] | Won | [81] | ||
Marie Claire's Beauty Game-Changers Awards | 2023 | Makeup | Won | [82] | |
National Council for Mental Wellbeing | 2023 | Mental Health First Aid Impact Award – Partnership of the Year | Won | [83] | |
People's Beauty Awards | 2023 | Best Powder Highlighter | Won | [84] | |
PETA's Libby Awards | 2020 | Heroes — Favorite Vegan Makeup Line | Won | [85] | |
2022 | Lifestyle — Favorite New Vegan Beauty Product | Nominated | [86] | ||
Prevention Beauty Awards | 2022 | Best Skin Tint | Won | [87] | |
Real Simple Smart Beauty | 2021 | Best Beauty Products | Won | [88] | |
Shape Beauty Awards | 2022 | Best Blush | Won | [89] | |
Shop Today Beauty Awards [lower-alpha 22] | 2023 | Best Cream Lipstick | Won | [91] | |
Best Curling Mascara | Won | [92] | |||
Stylist Best Beauty Awards | 2023 | Best Pencil Eyeliner | Won | [93] | |
The Beauty Awards (Canada) [lower-alpha 23] | 2022 | Makeup — Best Highlighter | Won | [95] | |
2023 | Makeup — Best Lip Oil | Won | [96] | ||
The New Zealand Herald | 2022 | The Flirt | Won | [97] | |
The Sunday Times' Style Beauty Awards | 2022 | Best Celebrity Brand | Nominated | [98] | |
2023 | Runner-up | [99] | |||
Best Complexion Make-up | Runner-up | [100] | |||
Vogue Beauty Awards | 2023 | Celebrity or Influencer Beauty Mogul [lower-alpha 24] | Won | [101] | |
Best Highlighter [lower-alpha 25] | Won | [102] | |||
Webby Awards | 2021 | Rare Beauty by Selena Gomez — Makeup Made to Feel Good In | Fashion & Beauty — Social [lower-alpha 26] | Won | [103] |
2022 | Rare Beauty by Selena Gomez | Fashion & Beauty — General Social [lower-alpha 26] | Won | [104] | |
2023 | Community Engagement — Features (Social) | Nominated | [105] | ||
Fashion & Beauty — General Social (Social) | Won | [106] | |||
Won [lower-alpha 26] | [107] | ||||
WWD Beauty Inc Awards | 2020 | Startup of the Year | Won | [108] |
Award | Year | Recipient(s) and nominee(s) | Category | Result | Ref. |
---|---|---|---|---|---|
Halo Awards [lower-alpha 27] | 2022 | Rare Impact – Mental Health 101 – Rare Beauty | Best Health Initiative (Physical or Mental Health) | Nominated | [110] |
Shorty Awards [lower-alpha 28] | 2022 | Your Words Matter from Rare Impact by Rare Beauty | Best in Mental Health | Nominated | [111] |
Rare Impact by Rare Beauty - Mental Health Awareness Month 2022 | Best in Corporate Social Responsibility | Nominated |
Publisher | Listicle | Year(s) | Result | Ref. |
---|---|---|---|---|
Glamour | 31 Best Female-owned Beauty Brands | 2023 | Placed | [112] |
Fast Company | 165 Brands That Matter In 2023 | 2023 | Placed | [113] |
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