Source: Bloomberg
Summary
Miniluxe, a Boston-based company, has secured $23 million in funding, bringing its total funding to nearly $70 million. The company plans to expand its manicure machines across major retail, hospitality, and fitness channels.
Our Reading
The look feels familiar. Miniluxe’s expansion plans echo the automated beauty services trend. Nail bars with robotic manicures have been popping up in shopping malls and airports. Luxury hotels have also started offering high-tech beauty services. The trend returns with a new name: convenient, high-tech pampering. Miniluxe is just the latest iteration.
Author: Evan Null
