The Rise and Fall of Birchbox, the Once-Buzzy Startup That Was Sold off Twice in 2 Years and Has Recently Resumed Shipping Boxes

September 13, 2023

Birchbox, the pioneer of monthly beauty subscription boxes, has made a comeback after a series of challenges, including being sold off twice in recent years. Once valued at nearly $500 million, the brand was acquired in 2021 for just $45 million. After a period of dormancy, it recently resumed shipping boxes, but some customers have expressed disappointment with the changes in offerings and pricing.

Recent News

China’s Property Market Boost: Stocks Surge, Copper Hits Highs

The Chinese government unveiled a comprehensive support package that has sent ripples through financial markets. This initiative includes a slew of measures aimed at stimulating housing demand and addressing the excess inventory burdening developers. The immediate impact was a significant rally in Chinese stocks and a surge in commodity prices, notably copper, which hit record highs.