Female entrepreneurship in Europe is accelerating. According to a recent study, conducted by Rose Review in 2019, £250 billion of new value could be added to the UK economy if women started and scaled new businesses at the same rate as men. Whilst currently only 1 in 3 UK entrepreneurs is female, there’s been great strides made in the last few years to encourage and support female entrepreneurship.
Beahurt’s 2019 gender diversity study proposed that an increased number of support systems in place for female founders — from female-only VC firms to specialist accelerator programs — will help level the playing field over the coming years. Retail in particular is experiencing a female-led boom: With better access to capital and a surge in interest in women-led tech, many women are excelling in product-based businesses.
Here are 10 female retail founders to watch in 2020. With drive, determination and vision, they’re the new industry players challenging the status quo.
1. Valentina Milanova, founder of Daye
2. Karine and Stephanie Coccellato, founders of ARCHIMAN Skincare for Men
Karine started her career by launching URBAN DECAY in Europe and Middle East and positioning the brand in the top five biggest growth cosmetic brands globally. Stéphanie joined her to help with the business and team development, and together they have created a brand that is environmentally-friendly with a cult following.
3. Olivia Wollenberg, founder and CEO of Livia’s
Fast-forward to today, with the support of an ambitious and supportive team of 15, Livia’s has become the UK’s fastest growing free-from treat brand, with distinct product ranges sold online and in 5,000 UK stores. Since launch, Livia’s has seen triple digit growth YOY, with £4 million in retail sales in 2019.
4. Leah Park, cofounder and COO of Cannaray
The only female member of the Cannaray founding team, Park helped secure £7.8 million in the Series A funding round before the products had even launched and acquired a number of other businesses. Cannaray is now worth £28 million — and the company has an ambitious plan to IPO in the next 18 months.
5. Pippa Murray, founder of Pip & Nut
As a self-confessed peanut butter addict, Murray had the inspiration for the brand after searching, unsuccessfully, in the supermarkets for a range of peanut butters that were free from palm oil. With no options available, she started making her own natural range of products in her kitchen, before trailing them at Maltby Street Market. Today, Pip & Nut can be found in over 5,500 stores around the UK and Ireland.
6. Delia Lachance, founder & CCO of Westwing
Westwing is now present in 11 European countries and generated €267 million in revenue in 2019. Lachance has been voted one of the 100 most influential business women in Germany, and shares her eye for design with 158,000 followers on Instagram.
7. Leanne Kemp, CEO & cofounder of Everledger
Everledger recently raised a $20 million series A, led by Chinese tech giant Tencent, and is working with a number of notable brands including Alexander McQueen, WeChat, and Alrosa. Kemp is cochair of the World Economic Forum’s Global Future Council on the Future of Manufacturing, and takes part in the Global Future Council on Blockchain. She also leads work streams at the Global Blockchain Business Council, cochairs the World Trade Board’s Sustainable Trade Action Group, and is on the IBM Blockchain Platform Board of Advisors.
8. Lea-Sophie Cramer, CEO of AmoreLie
The online retailer stocks over 20,000 sex toys and has delivered to over 1.5 million customers across Europe. In 2017, the company’s reported revenue was €56 million, giving the company a good slice of the sex toy industry.
9. Cassandra Stavrou MBE, cofounder & CEO of PROPER
Listed by The Financial Times as the 5th fastest-growing company in Europe in 2018 and with retail sales last year of £30 million, Cassandra and the PROPER team of 50 passionately believe that business growth should not come at the expense of building a dynamic and responsible company.
10. Corinne Vigreux, cofounder of TomTom
Based in Amsterdam, Corrine sits on many notable boards, including the Board of the French Chamber of Commerce and is cochair of the Dutch Chapter of Women Corporate Directors. She has also been bestowed the highest honour in France, the Legion d’Honneur.