Cos Bar Plans To Open 35 New Beauty Stores

Cos Bar plans to open 35 new stores in key markets across the US over the next 4‒5 years, according to company co-founder and chief merchandising officer Lily Garfield. Now on its 40 years of business operations, the 14-store chain is one of the first specialty cosmetics retailers. Private equity firm Tengram Capital Partners acquired a majority stake in the company in December 2015, paving the way for the proposed expansion. With Cos Bar valued by industry sources at about $25 million, the company aims to quadruple sales in the next several years. Also, the company, which carries brands, including La Mer, Tom Ford, and Bobbi Brown, is also expanding its cosbar.com online store.