Million – Page 2 – Beautifaire

15 Nov

Natura Sells The Body Shop to Aurelius for 207

Natura & Co is officially selling The Body Shop to personal equity firm Aurelius Investment in a deal valuing the chain at 207 million kilos, it was revealed Tuesday. The closing of the transaction is anticipated to occur by yearend and is subjectto customary regulatory approvals. “We're delighted to be undertaking this acquisition of an iconic British brand, which pioneered the cruelty-free and natural ingredient movement within the health and wonder market,” said Tristan Nagler, partner at Aurelius. “We look ahead to working with CEO Ian Bickley and his team to drive operational improvements and re-energize the business, and help to deliver the subsequent chapter of success.” In accordance with São Paulo-based Natura, this is a component of its efforts to streamline...

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30 Oct

Clariant to Purchase Lucas Meyer Cosmetics From IFF for

by Beautifaire101

Beauty, Featured

Clariant to Purchase Lucas Meyer Cosmetics From IFF for

PARIS — Swiss chemicals company Clariant has agreed to accumulate Lucas Meyer Cosmetics, maker of high-value lively and functional cosmetics ingredients, from International Flavors and Fragrances for $810 million. The deal is reminiscent of a 16.3-times multiple, based on Lucas Meyer Cosmetics’ earnings before interest, taxes, depreciation and amortization reported in August 2023. The transaction is anticipated to shut in the primary quarter of 2024. “The proposed acquisition of Lucas Meyer Cosmetics marks one other major step forward for Clariant’s purpose-led growth strategy. It can strengthen our position as a real specialty chemical company, our exposure toward consumer markets and our footprint in North America, while supporting our goal to speed up customer- and sustainability-driven innovation,” Conrad Keijzer, chief executive officer of...

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25 Oct

Lauren Perez and Allie Glines’ Brand Incubator Raises $12

by Beautifaire101

Beauty, Featured

FounderSix, the influencer beauty brand incubator behind Allie Glines’ Ravie Beauty, Alex Renee’s Ary World and Lauren Perez’s Anablue, has gained a recent investment. The incubator, which was founded in 2020, has raised $12 million from KD Capital. The firm has previously invested in OkCupid, ShopRunner, Spot Hero and Teleon Health, amongst other corporations, in accordance with its website. “We’re quite different from brand incubators in the wonder space. You generally get ones which can be either manufacturing-focused or investment-focused. We have now a holistic offering of what we are able to do,” said Oli Goulden, who cofounded FounderSix with Pieter Wittgen. “With the cash now being there to launch these brands and get them to a certain level, we are able...

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6 Oct

Ellis Brooklyn Reveals $9 Million Investment Round – WWD

by Beautifaire101

Beauty, Featured

Ellis Brooklyn Reveals Million Investment Round – WWD

Fragrance brand Ellis Brooklyn has closed a $9 million Series A investment round led by enterprise firm REDO Ventures. Ellis Brooklyn was created in 2014 by Bee Shapiro, a former attorney and longtime Recent York Times beauty columnist and launched on Sephora.com two years later with 4 high quality fragrances that focused on sustainability. The brand makes fragrances, candles and private care products and is carried at Ulta, Nordstrom, Bluemercury and Credo, and internationally at Mecca, Liberty London and Space NK. Bestsellers include Myth Eau De Parfum, $108, Sand Fragrance Body Mist, $45, and Florist Eau De Parfum, $108. Ellis Brooklyn declined to reveal revenue, but noted that it's growing double digits and is slated to double next 12 months. “Attending to know the...

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