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Morphe Cosmetics information


Morphe Holdings LLC
Trade name
MORPHE, Morphe Cosmetics
Company typePrivately Held, Subsidiary
IndustryCosmetics
FoundedNovember 2008; 15 years ago (2008-11)
Los Angeles, California, U.S.
FoundersChris Tawli & Linda Tawli, Summit Partners
HeadquartersLos Angeles, California, U.S.
ProductsCosmetics
ParentGeneral Atlantic Forma Brands LLC
Websitewww.morphe.com

Morphe Cosmetics, also known as Morphe Brushes,[1] legally known as Morphe Holdings (stylized as MORPHE), is a Los Angeles cosmetics and beauty manufacturer founded in 2008. The company specializes in the digital retail direct-to-consumer distribution of beauty and personal care products using partnerships with social media influencers.[1][2] Morphe has cut ties with multiple partners after many influencers became embroiled in controversy.[1]

In August 2019, Morphe Holdings announced the company had formed new partnership with General Atlantic, who would acquire a majority stake.[3] Additional terms of the deal were not disclosed, however, Morphe's existing shareholders would continue to be investors in the company.[4][5]

On January 5, 2023 Morphe announced on social media that all stores in the US would close immediately after facing criticism for employee working conditions, and to focus more on their digital storefront. Seven days later, on January 12, 2023, Morphe′s parent company Forma Brands filed for Chapter 11 Bankruptcy.[6] At the time, Morphe owed YouTube stars and beauty gurus Jaclyn Hill $2 million and Jeffree Star $1.4 million, respectively, in unsecured claims.[7] That March, Morphe′s main creditors bought Forma for $690 million. [8]

  1. ^ a b c Tenbarge, Kat. "Makeup lovers are boycotting Morphe as the brand stays silent on James Charles sexting allegations". Business Insider. Retrieved 21 May 2021.
  2. ^ "Morphe LLC". Bloomberg.com. Bloomberg. Retrieved 19 October 2019.[primary source]
  3. ^ Cite error: The named reference :1 was invoked but never defined (see the help page).
  4. ^ "Morphe Holdings and General Atlantic Announce Partnership and Strategic Growth Investment". General Atlantic. Retrieved 19 October 2019.
  5. ^ Brumpton, Harry (18 July 2019). "General Atlantic nears acquisition of beauty brand Morphe". Reuters. Retrieved 19 October 2019.
  6. ^ "Morphe parent company Forma Brands files for bankruptcy". 2023-01-12. Retrieved 2023-01-12.
  7. ^ "Morphe's parent company has filed for bankruptcy after influencer-fueled rise alongside Jeffree Star, James Charles in the late aughts". Insider.com.
  8. ^ "Bankrupt Morphe Owner Acquired by Lenders for $690 Million". 29 March 2023.

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