Plus, a farewell to Cushnie.
The cosmetics conglomerate will acquire a 20% stake in the KKW Beauty business and help it expand into new categories.
The funding will help Hearst go global.
The direct-to-consumer stalwart plans to use this cash to grow its brick-and-mortar presence.
The e-commerce platform also garnered new shareholders, including leading investment company Eurazeo.
The deal, which sees Paltrow taking on the role of creative director for makeup, is a step forward in Goop's business evolution.
The private equity firm seems to think there's a market for chemical-free products.