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Rodan + Fields Commits 5 Million USD in Philanthropic Funding

August 20, 2021 Leave a Comment

Rodan + Fields (R+F) announced their commitment of $5 million in philanthropic funding over the next three years to advance the company’s life-changing mission to support causes that directly impact young people.

The R+F Youth Empowerment Fund will enable the company’s philanthropic investments to reach more youth in historically underserved communities.

“Our community investments are a fundamental part of our mission to Do Good and together with our Consultants to create a life-changing impact,” said Dr. Tim Falla, Chief Scientific Officer, Rodan + Fields and Chairman of the Board, R+F Prescription for Change Foundation. “Giving back is a big part of our brand DNA and we are proud that we made our first grant before we even sold our first product. This Fund is another example of our commitment to making a difference and investing in the communities where we live and work.”

R+F Youth Empowerment Fund Grantees will be announced in September 2021.

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This Month in History

On June 9, 2017, The Body Shop’s owner L’Oreal announced it had received an offer from Natura Cosméticos to acquire The Body Shop. The proposed transaction would value The Body Shop at EUR 1.0 billion.

This acquisition was completed in September in the same year and The Body Shop joined the Natura group.

The Body Shop, the iconic brand focusing on innovative, nature-inspired products, was founded in 1976 by Anita Roddick in England. It was acquired by L’Oreal in 2006.

In 2020, The Body Shop increased its revenue by 32% within the Natura group. Its 2021 revenue increase was 9%.

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