Glossier Potential IPO, Merit Potential Sale Kick Off Makeup

26 Mar

Industry speculation that makeup can be 2024’s hottest M&A goal is quickly becoming a reality. The category, now years right into a post-pandemic rebound and still prestige beauty’s largest segment within the U.S., has seen a plethora of entrants — most of whom have grown each the general pie and their slices of it — exploring exit options. Industry sources told WWD that Glossier, roughly a 12 months after its Sephora debut, has hired Morgan Stanley to explore options, including an initial public offering. Sources also say they’re not alone — Merit Beauty has reportedly tapped Goldman Sachs because it looks at a possible sale. Glossier, Merit and Morgan Stanley declined to comment. Goldman Sachs didn't immediately reply to requests for comment. Products from Merit. Makeup...

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25 Apr

Johnson & Johnson Prepares IPO for Its Consumer Health

by Beautifaire101

Beauty, Featured

Johnson & Johnson plans to launch an initial public offering for Kenvue Inc., a completely owned subsidiary comprising its Consumer Health business, later this 12 months. The corporate goals to lift as much as $3.5 billion within the IPO, which comes at a time of muted public offerings within the U.S. J&J’s Consumer Health activity involves self care, skin health and sweetness, and essential health brands, including Neutrogena, Aveeno, Dr. Ci:Labo, NeoStrata, OGX, Dabao and Le Petit Marseillais. J&J, which just launched a roadshow for the IPO, is offering 151.2 million shares of common stock of Kenvue, that are priced between $20 and $23 per share. J&J said that it expects to grant the underwriters a 30-day choice to buy as much as a...

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28 Mar

Italian Design Brands On Track for IPO, Profits Surge

by Beauty Tips

Fashion, Featured

MILAN — Italian Design Brands, one in all the nation’s largest high-end furniture and design holdings, confirmed Tuesday that its initial public offering will go ahead as planned throughout the first half of the yr, market conditions permitting. Established in 2015 by Private Equity Partners and a select group of investors through an organization called Investindesign, the Milan-based company plans to list its shares on the Euronext exchange and maybe the Star segment of the Milan Stock Exchange, its chairman and chief executive officer Andrea Sasso told WWD in an announcement.“IDB’s listing project on Euronext Milan and, if the conditions are right, on the Star segment, stays valid and confirmed for the primary half of this yr, market conditions permitting,” Sasso said....

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