Selena Gomez’s Rare Beauty has hired investment banks Goldman Sachs and Raymond James, but don’t expect anything to occur anytime soon, in response to sources.
The wonder brand is known to be evaluating potential options for the business, but has not begun a proper process to explore deal options, sources said.
Industry sources also said that when it is prepared, the corporate could explore an initial public offering because it is growing so fast.
Rare Beauty’s net sales in 2023 are understood to have are available in at around $350 million.
The three-year-old brand has been a breakout success within the celebrity brand world with a method that leverages Gomez’s transparency round her struggles with mental health and focuses on a message of healthy...
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