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 hair products maker — which fetched a valuation of more than $13.6 billion in an upsized initial public offering on Sept. 30 — posted net sales of $161.6 million and almost doubled its net income, at $56.6 million. Olaplex projected net sales for the fiscal year between $580 million and $588 million, and adjusted net income between $263 million and $268 million.
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Advent-Owned Haircare Firm Olaplex Valued at $13.6 Billion in Upsized IPO
The Santa Barbara, California-based company said it offered 73.7 million shares, raising about $1.55 billion.
Joan Kennedy is Editorial Associate at The Business of Fashion. She is based in New York and covers beauty and marketing.
Excitement for its IPO is building, but in order to realise its ambitions, more acquisitions and operational expenses might be required.
In an increasingly crowded space, makeup brands that prioritise natural ingredients are finding new ways to get their message across.
Shana Randhava, Priya Venkatesh, Heela Yang and Robin Tsai will join Imran Amed and Priya Rao to identify the entrepreneurs shaping the future of the beauty industry.
By selling existing formulas under their own name, retailers can tap into the lucrative beauty market without investing in custom formulations. But that doesn’t mean the private label model is an easy win.