The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
The clean beauty brand, which was valued at $1 billion in 2021 after private equity The Carlyle Group took a majority stake, will be available on Ulta.com starting Feb. 26, and in 500 stores nationwide on Mar. 5.
”Our partnership with Ulta Beauty is an exciting step toward achieving Beautycounter’s mission of getting safer products into the hands of everyone,” said Marc Rey, Chief Executive Officer, Beautycounter in a statment.
The move marks Beautycounter’s first big retail presence since doing a pop-up concept with Sephora in 2020. Beautycounter is known for operating on a direct sales model — where customers market and sell its products to other customers.
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What Does the Beautycounter Acquisition Mean For Its Future?
The deal, which sees Carlyle Group take a majority stake in the clean beauty brand and value it at $1 billion, sets Beautycounter up for future growth.
Joan Kennedy is Editorial Associate at The Business of Fashion. She is based in New York and covers beauty and marketing.
L'Oréal reported a 9.4 percent rise in first quarter sales on a like-for-like basis on Thursday, beating expectations and easing concerns about a slowdown in the two biggest beauty markets; the United States and China.
The founder, who was ousted and recently came back to the line as CEO, will regain control of the company.
Beauty labels hope to court the concert set for both brand awareness and trendsetting opportunities.
Black founders carry a markedly higher burden when it comes to educating investors on the value and viability of their business ideas — but there is an art and science behind knowing when your brand is ready and what kind of investors will be the best fit.