D&B Hoovers provides sales leads and sales intelligence data on over 120 million companies like Sugarfina, Inc. around the world, including contacts, financials, and competitor information. Being a leader means being comfortable saying "I don’t know" or hiring someone who knows way more than you in a particular area. Your job should be just a little bit scary and feel just a little bit over your head. I started waking up a little earlier and doing that one gritty task from home. (Both of those products sold out within hours; the latter caused the website to crash three times.) By continuing to browse the site you are agreeing to our use of cookies. So no matter what happens later in the day, you’ve managed to accomplish that one thing. Once you’ve decided to make the leap, have a clear separation of roles and really trust and respect each other to handle your areas. You may opt-out by. Gross: What are the most important skills for doing your job and how did you develop them? Posh candies like Champagne gummy bears for $8.50 and bourbon-and-toffee chocolate bars at $9.50 are part of Sugarfina’s lineup. Not only is it wonderful to support these organizations, but it’s really great for our team culture! The company listed assets and liabilities of up to $50 million in its bankruptcy petition. Then you need to find new, bigger shoes, and keep growing. I'm a reporter at Forbes and the author of What Next? Whether it’s reading stories to kids in the hospital and bringing candy for their parents, or working with Tree People to plant trees, we love to get involved with our community. They now have more than 24 stores across the United States and Canada filled with their best-sellers like Champagne Bears, "Green Juice" Bears, Birthday Cake Caramels, But First, Rosé Roses and Tequilla Grapefruit Sours. Someone who is a drain on your culture and values will impact the whole team very quickly. Rosie O'Neill: My cofounder [and now husband, Resnick] took me to see "Willy Wonka & the Chocolate Factory" on our third date. Working for a couple has challenges, so you want your team to feel that your relationship is healthy and stable. You get one life and you spend most of it at work. Sugarfina launched online … As you can probably tell, I have no life! They use that same recipe today. They’re smart, they’re brilliantly creative, they work hard, keep my spirits up and they inspire me to become better. You know that going in, but you don’t “know that, know that” until you do it. “Like many retail brands, Sugarfina has been negatively impacted by a challenging retail environment, particularly in malls where many of our boutiques are located,” Sugarfina co-founders Rosie O’Neill and Josh Resnick said in an emailed statement. Private equity firm Great Hill Partners LLC provided $35 million of equity financing to the company in 2017, according to a statement at the time. O'Neill: Find something that makes you uncomfortable in a good way. O'Neill: My cofounder [Resnick] and I split up our responsibilities as “front-of-house” versus “back-of-house.” I handle the front-of-house, which includes everything that is visible to our customers, such as product, packaging, branding, marketing, sales, retail stores and the website. Need to check your Sugarfina Gift Card Balance? Locations are scattered around Manhattan landmarks such Rockefeller Center, and other cities that include Los Angeles, Dallas, San Francisco and Toronto, according to its website. View Sugarfina's address, public records, background check, and more for 6268989169 with 411 reverse phone lookup - know who is calling from 626-898-9169. Sort of like having a baby. I have a master’s degree in journalism. Known for its grown-up gummies and sweets – many in alcohol The privately held string of candy boutiques counts rock star Bono (Paul David Hewson) and Goldman Sachs Group Inc. Chief Executive Officer David Solomon among its minority shareholders, court papers show. Just like how you should never settle in a relationship, you should never settle in your career. Gross: What is the best advice you've ever received? We’re in this together. They now have more than 24 stores across the United States and Canada filled with their best-sellers like Champagne Bears, "Green Juice" Bears, Birthday Cake Caramels, But First, Rosé Roses and Tequilla Grapefruit Sours. O'Neill: It’s always different, especially since I travel for work about 30-40% of the time. O'Neill had been the Director of Marketing for Barbie and Resnick was working in video games when they met. It’s important to me not to take life too seriously and to work on things that bring other people happiness, even if just for a small moment of their day. Things break and go wrong all the time. But a typical day at the office is usually filled with working meetings with my team. Never, ever, ever fight, bicker or be unkind to each other in front of your team… it’s like mom and dad fighting in front of the kids. "After the movie, we became obsessed with the question: Where’s the candy store for grownups? It will remind you how lucky you are to have your life partner as your business partner. I pour myself into my work, so I have to do something that I personally love. Representatives for Great Hill Partners and Bono didn’t immediately provide a comment. At the end of the day, you shouldn’t have to work too hard to sell your product. Has giving back always played an important role in your life? US: Private Equity Acquires Sugarfina Brand 11th November 2019 The Bristol Luxury Group has announced the acquisition of the Sugarfina luxury confectionery brand, which filed for Chapter 11 bankruptcy protection earlier this year. In the early days, you’re going to have to do a lot with very few resources, so get good at figuring things out and finding creative ways to make it work. Neither is likely to see his fortunes seriously impaired, which each of them listed as holding less than a 1% stake. Specifically, adults who like gourmet candy, such as gummy bears in green juice, and rosé flavors. O'Neill: My favorite trip was Morocco because that’s where [Resnick] proposed! Why isn’t there a place for people who love and appreciate beautiful, high-quality candies, presented in a fresh and modern way? And I definitely have a big sweet tooth! Once you’ve started, it’s critical to get to a proof of concept early. It’s so cheesy because I get all weepy-eyed talking about them, but they really do bring me so much joy. Why isn’t there a place for people who love and appreciate beautiful, high-quality candies, presented in a fresh and modern way? Sugarfina Inc., the chain of luxury candy shops backed by some of the biggest names in banking and entertainment, filed for Chapter 11 bankruptcy protection as mall-based stores struggle to compete. We met the grandfather who showed us their recipe book from the 1800’s, all in Italian. Gross: What has been the biggest challenge and, on the flip side, the biggest reward of starting Sugarfina? Sugarfina owners, Rosie and Josh Resnick, on their candy shop chain. O'Neill: My role requires a lot of creative skills that I didn’t really possess before Sugarfina. We’ve created a modern, luxury brand and so we constantly have to stay at the forefront of innovation and delivering a premium experience. SUGARFINA. My most productive work time is on the weekends because I can get deep in the "concentration zone" with no interruptions. I typically work through lunch, then leave the office around 6 p.m. to start my “second shift” at home. After the movie, we became obsessed with the question: Where’s the candy store for grownups? It doesn’t work for all couples and that’s okay. U.K. Clears Pfizer Covid Vaccine for First Shots Next Week, Italy Hits Record Deaths; Facebook Misinformation: Virus Update, U.S. Covid Cases Found as Early as December 2019, Says Study, Morgan Stanley’s Wilson Says Stocks Overbought, Risk Correction, The Best Car I Drove in 2020—Plus Eight Runners-Up. O'Neill: First, make sure it’s the right decision for your relationship. Most often they’ll be kind and encouraging, so they’re not a great representation of the real world which can be much tougher. When Rosie O'Neill and Josh Resnick saw "Willy Wonka & the Chocolate Factory" on their third date, their conversation sparked the idea for their future company. I still do a lot of the design work myself, and I still feel like I’m faking it since I never had professional training. And fortunately, I feel we have a team today who really reflects our values and collaborates well. Make it count. This is a mistake I made early on – letting the wrong people stay with the company too long. The couple traveled the world taste-testing thousands of candies to discover the best candies for Sugarfina, the Los Angeles-based boutique candy company they founded in 2012. Every detail matters and you have to stay true to your brand while staying fresh and new. Full name: Rosie Colleen O’Neill. Once you get an early concept out there in the market, listen and react. Resourcefulness, persistence and optimism are also really important. The biggest reward has been building a team. Back in the day, I used to do all of these things personally, but I’m so fortunate now to have a team that does it way better than I ever could! There is definitely a lot of flavor inspiration and packaging inspiration in that part of the world. Sugarfina has been growing really fast, more than triple every year. But as I’ve been building up my team it’s started to get better. Nothing like that existed in the United States, so we had the crazy idea to create it ourselves," O'Neill remembers. Sugarfina, the upscale US confectioner, has touched down in the UK. We live in a world where anyone can start a business, but that doesn’t mean that everyone should. Sugarfina Inc., established in 2012 in Beverly Hills, California, filed a complaint in June 2017 in the U.S. District Court Central District of California claiming it owns a patent on selling candy in clear plastic cubes. Send each other flowers, little gifts or sweet notes. Morocco is one of the most incredible places I’ve ever been, it’s a rainbow of beautiful colors, sights, smells and tastes. Before it's here, it's on the Bloomberg Terminal. Always enjoy free shipping. The fact that we have such a clear split of responsibilities is a big part of what makes our partnership work. Create a sample or prototype of your idea and get it into the "real world" to test it. O'Neill: Hire the right people. Luxury candy store chain files for Chapter 11 protection, Menu of Champagne gummy bears, bourbon-flavored chocolate bars. We feel very privileged to work with artisans who are so committed to their craft. Gross: You and [Resnick] traveled the world to meet with artisan candymakers. Their factory is tiny, and they’ve been making candy the same way for hundreds of years, handed down for generations within their family. If you are comfortable or bored, you’re holding yourself back. I taught myself Photoshop and Illustrator, studied as much as I could about photography and just kept at it until I could “fake” being a creative. O'Neill: First, make sure you really want to take the entrepreneurial path. Gross: You cofounded Sugarfina with your now husband and came up with the idea on your third date. O'Neill: Eat a frog for breakfast. Have a confidential tip for our reporters? Sugarfina, a modern day Willy Wonka Chocolate Factory-esque candy boutique, opens its first storefront in Beverly Hills. According to the documents, Lolli and Pops owes $7m to First Republic Bank in San Francisco, home to the retailer’s headquarters and real estate firm Brookfield Properties, its private equity partner. If selling it is too hard, that’s a clear sign that maybe the product isn’t right…yet. “We wanted to do something that was very different [and] targeted to the adult customer designed around sophistication, creating this beautiful gourmet gift experience,” said Rosie O’Neill, who owns Sugarfina with her partner Josh Resnick. I have a master’s degree in journalism from Columbia University and live in New York City. It’s a totally life-changing experience that is both exhilarating and exhausting. Gr0ss: What is a workday as like? Before I had my talented creative team, I was doing it all myself – photography, graphic design, website and email design, packaging design – and I had never done any of those things before. The candy company Sugarfina, known for its rose-flavored gummy bear candies, has raised fresh funding to expand internationally. Please walk me through a day! Lastly, bring a little romance into the office and try to keep the office away from home. In addition to that, our company’s mission is “Spread Sweetness” and we work with many local organizations to bring some sweetness to their cause. (Our little secret.). Plus I could never in a million years do what he does, nor would I want to! O'Neill: Humility. What were some of your favorite memories from your trip? Gross: What advice do you have for other women who hope to start their own businesses? When Rosie … The couple behind the brand, Rosie O’Neill and Josh Resnick, started the company based on a gap they … Sugarfina, LLC filed as a Foreign Limited Liability Company in the State of New York on Monday, October 19, 2015 and is approximately five years old, according to public records filed with New York Department of State. Every day I feel so lucky to have an incredible team of people who are as passionate about the business as I am. Most importantly, make sure that person is a fit with your values and your company’s values. Gross: What are your responsibilities as cofounder of Sugarfina? The couple traveled the world taste-testing candy for Sugarfina, the Los Angeles-based boutique candy company they founded in 2012. Elana Lyn Gross: What inspired you to start Sugarfina? Sugarfina’s exclusive and innovative line of products is offered in distinctive and iconic packaging. It should meet a need or solve a problem, and it should be intuitive. And their candy certainly sells, they made almost $25 million in revenue in 2016 and raised $35 million in growth financing this year, bringing their total funding to more than $50 million. Then I’d head into the office feeling a lot lighter and more on top of my day. Univision Communications has agreed to sell Gizmodo Media Group, owner of satire website The Onion, to a private equity company after a nine-month sales process. I can’t remember how I first discovered California-based Sugarfina, but I’ve been obsessed with the luxury candy boutique for as long as I can remember. © 2020 Forbes Media LLC. After the movie, we became obsessed with the question: Where’s the candy store for grownups? O'Neill: At Sugarfina, we look for people who are really nice (sadly, this can be somewhat rare), passionate about what they do, and creative problem solvers. Report this profile; About. Don’t just share it with family and friends! This was a game changer for me. A representative for David Solomon didn’t provide a comment. O'Neill: It’s liberating to run your own business, but it’s really, really hard! The case is Sugarfina Inc., 19-11973, U.S. Bankruptcy Court District of Delaware. Hire people who are smarter than you, and empower them to do their best work. I think it’s more of an energy and style thing than a sign of how strong you are as a couple. Shop Alice and Olivia for women's designer clothing, shoes, and handbags, featuring luxe materials and fashion-forward styling. That’s why being an entrepreneur will stretch you like nothing else. But at the end of the day, it’s worth it – you’ve created something that you love in a way you never thought possible. We've got you covered. Read on to see how this sweets company went from a spark of an idea to a bona fide business, selling delicious gourmet candies to sugar lovers everywhere. Be open to making changes and pivoting. Sugarfina teamed up with Nintendo to create a Super Mario Bros. inspired collection of gummies and Candy Bento Boxes, which were inspired by old-school Nintendo Entertainment Systems. Updates with company comment in the sixth paragraph. So I’m particularly passionate about helping women entrepreneurs, both here in the United States and also in the developing world. There are 8 companies in the Sugarfina, Inc. corporate family. Gross: What is one thing that you wish you had known when you were starting out your career? FEMAIL tried them out, and the consensus is … Pick the candies for your candy box today, and shop all candies including Champagne Bears®, the world-famous champagne gummy bears, Sugar Lips lip candy, chocolates and more. Before Sugarfina, I was director of marketing for Barbie for about seven years. Current title/company: Co-Founder, Sugarfina. Make it count. Go into it eyes wide open so you aren’t surprised. O'Neill: When I first started out as an entrepreneur, I received so much great advice and help from women who were further ahead of me. Where most confectioners appeal to kids, Sugarfina is designed for adults. It takes a certain personality to push boulders up a hill on a daily basis, and it will definitely infringe on your personal and social life. O'Neill: Every day presents a new challenge. [Resnick] and I drive together, so I catch up with emails in the car while he drives, then I try to complete at least a few things on my list every evening. Rosé, tequila, and bourbon gummies are proving popular. “We look forward to emerging from this process as a leaner and stronger company, so that we can continue our brand’s mission of spreading sweetness.”. Gross: What are the most important characteristics someone needs to have to be successful in your role? It says a lot about how they’ll perform when faced with the challenges of a startup environment. Sugarfina, Inc. Harvard Business School. taster packets Grab and go snacking never looked to sweet • Minimum order of 150 per flavor • Full color printing $2.50 - $3.00 +$0.75 per label So figuring out how to grow while keeping your brand, your product, your people and your culture intact is really hard. What was your career path? Gross: What are three characteristics you look for when you’re hiring a new team member? Gross: Sugarfina gives back to a number of charitable organizations. Growth is hard. You’ll stretch yourself and grow into those shoes. I’m not going to say I’ve figured it out, but it’s something I work to improve every day. Inspired by Maria Sharapova's search for the world's best sweets, Sugarpova was designed to allow yourself a much-deserved piece of indulgence. And as much as you can, try to have a life as a couple outside of work. Sugarfina is the ultimate candy store and the best tastemaker in the candy industry for candy gifts. We have a group of very caring, passionate individuals and I love that everyone rallies together to do this great work. [Resnick] handles the back-of-house, which includes operations, finance, human resources, business development and legal. The couple traveled the world taste-testing thousands of candies to discover the best candies for Sugarfina, the Los Angeles-based boutique candy company they founded in 2012. Just like how you should never settle in a relationship, you should never settle in your career. You’re constantly being challenged! Private Equity Firm The Bristol Luxury Group has purchased all of the assets of upscale candy brand Sugarfina, Inc. and its affiliates in a sale recently … : Your Five-Year Plan for Life After College published by Simon & Schuster. Nothing like that existed in the United States, so we had the crazy idea to create it ourselves. You need persistence because you’re going to get knocked down over and over, and every day you have to get out of bed and say “Okay, world, I’m going to do this.” And you need optimism because you have to inspire not just your team, but also yourself, on those days when things get really tough. I find that doing active things such as exercise and seeing shows helps take you out of the work mode more easily. It sounds silly, but the basic idea is to do your most dreaded or difficult task at the very beginning of the day. We love supporting organizations like Kiva which provides funding to third world entrepreneurs. Company profile page for IT'SUGAR LLC including stock price, company news, press releases, executives, board members, and contact information : Your Five-Year Plan for Life After College published by Simon & Schuster. Age: 34. Their confections are delicate and delicious and tasting them transports you back in time. You get one life and you spend most of it at work. Please call us at 855-784-2734, or see a sales associate at your local Sugarfina Boutique. I'm a reporter at Forbes and the author of What Next? Private equity firm Great Hill Partners LLC provided $35 million of equity financing to the company in 2017, according to a statement at the time. It’s a delicate balance and one that has to be constantly thought through. Beverly Hills confections brand Sugarfina is set to launch its first overseas boutique in Hong Kong. All Rights Reserved, This is a BETA experience. Although experience is great, I’m much more interested in how someone thinks and solves problems. Why isn’t there a place for people who love and appreciate beautiful, high-quality candies, presented in a fresh and modern way? Sugarfina, Inc. has 2 total employees across all of its locations and generates $1.51 million in sales (USD). As an entrepreneur, you’re going to realize very quickly that there are many things you don’t do well, and that’s okay. And their candy certainly sells, they made almost, EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change, Michigan Economic Development Corporation BrandVoice. Banza, which uses chickpeas as a primary source of protein for its pasta, mac and cheese and rice products, has just raised $20 million in growth funding. LOS ANGELES, August 3, 2017 – Sugarfina, the luxury confections brand, today announced it has closed a $35 million growth equity financing from … I realize I’ve probably had every little girl’s dream career – first dolls, now candy. Sugarfina works with artisan candy makers from around the world to create an exclusive line of candies. Gourmet candy purveyor Sugarfina sold out of two kinds of Whispering Angel Rosé-infused gummies in June. Founded in 2012 by Rosie O’Neill and Josh Resnick, Sugarfina positioned itself as a “candy store for grownups,” offering confections inspired … This site uses cookies. We also loved visiting one of our candy makers in Italy. Branding and marketing skills are also very important. So these working sessions will include things like reviewing new store designs, putting together a marketing campaign for a new product launch, coming up with product concepts for a brand collaboration, calls with our retail partners like Nordstrom and Neiman Marcus and strategy sessions to talk through our next business initiatives. Sugarfina launched online in 2012 and opened its first boutique in Beverly Hills in 2013. Rosie O'Neill and Josh Resnick, founders of Sugarfina, in Morocco Aside from their mutual interest in sugar, the pair was a natural fit because they both injected a bit of fun into their career aspirations. Gross: What's the biggest lesson you learned at work and how did you learn it? In an ongoing effort to help during the COVID-19 pandemic, Jouer has donated 25,000 supplies to Cedars-Sinai Hospital in Los Angeles … Gross: What is your business advice for other young professional women? Nothing like that existed in the United States, so we had the crazy idea to create it ourselves," O'Neill remembers. But growth is both a blessing and a curse. What is your best advice for other people who want to go into business with a significant other?