Revolve Group reappoints Jennifer Baxter Moser to board

By

Benjamin Fitzgerald

Published
Jan 20, 2024

Revlon Group announced on Friday the reappointment of Jennifer Baxter Moser to its board of directors, effective immediately. Baxter Moser will also serve as a member of the audit committee and compensation committee.

The executive previously served on the Los Angeles-based fashion company's board of directors during "a period of significant growth and value creation" from December 2012 through July 2020.

In 2012, Baxter Moser led a strategic investment in Revolve by TSG Consumer Partners, a firm she joined in 2007 and served as partner from 2013 through 2023. During her 16-year tenure at TSG, Baxter Moser led investments in and served on the board of several companies, including E.L.F. Cosmetics, Paige Denim, Smashbox Cosmetics, Backcountry and Scopely.

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Prior to TSG Consumer Partners, she was a consultant at Bain & Company.

"We are excited to welcome back Jenny to Revolve's board of directors," said co-founder and co-CEO Mike Karanikolas.

"She made pivotal contributions to our success in her initial tenure as a board member, including playing a key role in developing our owned brand strategy and in the launch of Revolve Beauty, our fastest growing product category." 

Baxter Moser's appointment comes as the owner of fashion platforms Revolve and Fwrd looks to offset a series of disappointing sales quarters in the last twelve months.

In its most recent trading update, Revolve Group announced revenues for the third quarter were $257.6 million, a decrease of 4%, on the back of decline in average spend per active customer, and dips across both brands, and regions.