default-output-block.skip-main
BoF Logo

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

Waldencast Acquisition Corporation Goes Public via SPAC

Waldencast Acquisition Corporation goes public as a SPAC.
Makeup bag with beauty products. Shutterstock.
Makeup bag with beauty products. Shutterstock.

The multi-brand beauty and personal care company formed by beauty investment from Waldencast Ventures and former Anheuser-Busch executive Felipe Dutra has gone public with a $300 million IPO, which includes an additional investment of up to $333 million in forward purchase agreements.

Waldencast Acquisition Corporation is the latest SPAC in the beauty and personal care space — health company Hims also chose this route to go public in October 2020. It’s a positive sign for the future of beauty and personal care mergers and acquisitions as they have withstood economic effects of the pandemic.

Waldencast Ventures founder Michel Brousset will serve as CEO of Waldencast Acquisition Corporation while Dutra will be in the executive chairman role. Hind Sebti will be the company’s chief operations officer.

Within Waldencast Acquisition Corporation’s S-1 IPO registration the company said their mission statement is “to build a global best-in-class beauty and wellness operating platform that will rival current incumbents… [and they] intend to seek brands with a direct connection to today’s evolving consumers.”

In This Article
Topics

© 2021 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.
CONNECT WITH US ON
Voices2021
© 2021 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions and Privacy policy.
Voices2021