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Ipsy Buys Makeup Box Rival BoxyCharm in $500 Million Deal

  • CEO says company could go public in the next 18 months
  • Combined company will generate $1 billion in revenue
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Two of the top beauty products subscription services are merging.

Ipsy has agreed to buy Miami-based rival BoxyCharm Inc., a pairing that will create a combined business with more than 4.3 million subscribers and $1 billion in revenue this year, according to the company.