Marla Malcolm Beck Explained

Marla Malcolm Beck
Birth Date:May 22, 1970
Birth Place:Oakland, California
Education:University of California Berkeley Harvard Business School Harvard Kennedy School
Occupation:Entrepreneur
Known For:Co-Founder, CEO Bluemercury
Spouse:Barry Beck

Marla Malcolm Beck is an entrepreneur based in the United States.[1] She co-founded the beauty company Bluemercury in Washington, D.C. alongside her husband, Barry J. Beck in 1999.[2] Bluemercury was acquired by Macy's in 2015.[3] [4] [5] Beck retained her position as CEO until 2021.[6] [7]

Early life and education

Beck is the daughter of a real estate developer.[8] In 1993, she graduated from the University of California, Berkeley with a Bachelor of Arts in political economy and later was hired by the global management consulting firm McKinsey & Company as an analyst.[9]

Several years later, she quit her job to get a joint graduate degree at Harvard University, earning both her Master of Business Administration and Master of Public Administration from the Harvard Business School and Harvard Kennedy School, respectively, in 1998. After briefly entering the field of private equity, Beck exited the field to create Bluemercury with her husband.[10] [11]

Career

In 1999, Beck and her husband founded Bluemercury as an online-only cosmetics boutique,[12] and in the fall of that same year, the duo opened their first store in Georgetown (Washington, D.C.).[13] [14] By 2006, the company had grown to 12 stores across the country, supported by New York private equity firm, Invus Group LLC.[15]

In March 2015, Bluemercury joined Macy's, Inc. through acquisition for $210 million. Beck remained Chief executive officer.[16] [17] At the time of the sale, Bluemercury had a little over 60 stores.[18] In September 2019, Bluemercury Chief operating officer Barry Beck announced he would be leaving, while Marla Beck would stay on during a transition period until a new CEO was named.[19] [20] During the COVID-19 pandemic, Beck remained in her position at Bluemercury and moved the company towards skincare.[21] [22] Beck left the company in 2021.

M-61 Labs

In 2006, Beck began Bluemercury's own vegan skincare line, M-61, which launched in 2012 and refuses to use more than 100 chemicals common to the industry.[23]

Lune+Aster

In 2015, Beck launched her own makeup line similar to M-61 in the brands commitment to vegan, gluten free, and paraben free formulas.[24]

Appointed Positions

Beck currently serves in the following positions: The Children's Place Independent Director,[25] Advisory Board of Harvard Business School Rock Center for Entrepreneurship,[26] Leadership Council of Harvard Kennedy School Center for Public Leadership,[27] Board of Trustees, Sidwell Friends School,[28] Director Nominee Chobani,[29] Board of Directors for Evenly Technologies, Board of Directors Beauty Health.[30] She previously served as a Board Member for the National Retail Federation[31] and as a member of the Global Leadership Board for EdX.[32]

Awards and honors

2014 - Appointed Entrepreneur in Residence at the Harvard Business School

2014 - Goldman Sachs' 100 Most Intriguing Entrepreneurs

2015 - Ernst and Young Entrepreneur of the Year National Finalist

2016 - Cosmetic Executive Women Achiever Award Recipient[33] [34]

2017 - BeautyCares Dream Ball Honoree alongside husband Barry Beck[35]

2019 - Inducted into the Washington Business Hall of Fame[36]

2019 - Harvard Business School Alumni Achievement Award[37]

Personal life

Beck resides in Bethesda, Maryland with her husband and their three children, Ariel, Sophie, and Luc.[38]

Notes and References

  1. Web site: Marla Malcolm Beck . 2022-08-14 . cpl.hks.harvard.edu . en.
  2. Web site: Fine . Jenny B. . 2019-06-04 . Bluemercury: 20 Years of Growth . 2022-08-14 . WWD . en-US.
  3. Web site: Macy's, Inc. Completes Bluemercury Acquisition . 2022-08-14 . Macy's, Inc. . en.
  4. Web site: 2015-02-03 . Macy's, Inc. Agrees to Acquire Bluemercury . 2022-08-14 . www.businesswire.com . en.
  5. Web site: Decker . Vivienne . Marla Malcolm Beck Sold Bluemercury To Macy's For $210 Million, Now She's Betting On Vegan Cosmetics . 2022-08-14 . Forbes . en.
  6. Web site: Hansen . Drew . July 22, 2022 . Marla Beck exits CEO role at Bluemercury, the beauty company she founded in 1999 . 2022-08-14 . www.bizjournals.com.
  7. Web site: Wassel . Bryan . 2021-07-26 . Macy's Picks New Bluemercury CEO as Rightsizing and Revitalization Efforts Continue . 2022-08-14 . Retail TouchPoints . en-US.
  8. Web site: Profile — Entrepreneurship — Harvard Business School . 2022-08-14 . entrepreneurship.hbs.edu.
  9. Web site: Marla Beck, MBA/MPA 1998 - Alumni — Harvard Business School . 2022-08-14 . www.alumni.hbs.edu.
  10. News: Irwin . Neil . 2016-09-09 . How to Become a C.E.O.? The Quickest Path Is a Winding One . en-US . The New York Times . 2022-08-14 . 0362-4331.
  11. News: Bryant . Adam . 2015-01-10 . Marla Malcolm Beck's Three Keys to Hiring: Skill, Will and Fit . en-US . The New York Times . 2022-08-14 . 0362-4331.
  12. Web site: Bluemercury founder taking neighborhood approach to luxury beauty, spa service sales . 2022-08-14 . Chicago Tribune.
  13. Web site: Wu . Sarah Y. . 5 Tips On Business And Beauty From Bluemercury CEO Marla Malcolm Beck . 2022-08-14 . Forbes . en.
  14. 2013-03-13 . An Inside Look at Bluemercury with Marla Malcolm Beck . 2022-08-14 . Vanity Fair . en-US.
  15. Web site: Fernandez . Chantal . Macy's Buys Sephora Competitor Bluemercury . 2022-08-14 . Fashionista . en.
  16. Web site: US . FashionNetwork com . Macy's announces acquisition of Bluemercury . 2022-08-14 . FashionNetwork.com . en-US.
  17. News: Pollock . Suzanne Kapner and Lauren . 2015-02-03 . Macy's Buys Skin-Care Chain, Hunts for Growth . en-US . Wall Street Journal . 2022-08-14 . 0099-9660.
  18. Web site: Bluemercury's Marla Beck on selling her company to Macy's . 2022-08-14 . www.washingtonpost.com.
  19. Web site: Collins . Allison . 2019-09-16 . Bluemercury Founders Marla and Barry Beck to Exit . 2022-08-14 . WWD . en-US.
  20. Web site: Founders of beauty retail giant Bluemercury exit the business . 2022-08-14 . cosmeticsbusiness.com . en.
  21. News: Dagher . Veronica . 2020-08-22 . Three Questions With Bluemercury's Marla Beck on How Covid-19 Is Changing the Beauty Business . en-US . Wall Street Journal . 2022-08-14 . 0099-9660.
  22. Web site: Davis . Dominic-Madori . The CEO of Bluemercury explains how her luxury beauty company adapted its innovative, hands-on retail strategy to survive in a digital-first world amid the pandemic . 2022-08-14 . Business Insider . en-US.
  23. Web site: 2018-10-03 . Bluemercury Launches a New Skincare Category: M-61 Serum Pads . 2022-08-14 . www.businesswire.com . en.
  24. Web site: Interview With Marla Beck, Founder of Bluemercury Makeup.com by L'Oréal . 2022-08-14 . makeup.com . en-US.
  25. News: Vill . Robert . The Children's Place Appoints Marla Malcolm Beck, Founder & CEO of Macy's, Inc. Upscale Beauty Retailer Bluemercury, to Its Board of Directors . Press Release — Children's Place, Inc. .
  26. Web site: Rock 100: The Summit — Entrepreneurship — Harvard Business School . 2022-08-14 . entrepreneurship.hbs.edu.
  27. Web site: Leadership Council . 2022-08-14 . cpl.hks.harvard.edu . en.
  28. Web site: Leadership — Sidwell Friends . 2022-08-14 . www.sidwell.edu . en-US.
  29. Web site: S-1 . 2022-08-14 . www.sec.gov.
  30. News: 2022-06-06 . BeautyHealth Appoints Bluemercury Founder Marla Beck to Board of Directors . en . Financial Post . 2022-08-14.
  31. Web site: Q&A: Bluemercury Inc. co-founder and CEO Marla Beck . 2022-08-14 . NRF . en.
  32. Web site: Marla Beck — Global Leadership Board Member at edX . 2022-08-14 . THE ORG . en.
  33. Web site: cosmeticsdesign.com . CEW Achiever Awards celebrate the beauty industry's top leaders . 2022-08-14 . cosmeticsdesign.com . en-GB.
  34. Web site: 1,200 Strong Attend CEW Achiever Awards . 2022-08-14 . Beauty Packaging.
  35. Web site: Collins . Allison . 2017-09-28 . Dream Ball Honors Don Loftus, Marla and Barry Beck . 2022-08-14 . WWD . en-US.
  36. Web site: Learn about the 2019 Laureates: Marla Beck . 2022-08-14 . Junior Achievement of Greater Washington . en-US.
  37. Web site: 2019-05-28 . Harvard Business School Honors Five Graduates with Alumni Achievement Award . 2022-08-14 . Harvard Business School . en.
  38. News: What's inside the home owned by Bluemercury's founders? Many beautiful shades of blue. . 2022-08-14 . Washington Post . en-US.

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