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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29 Nov

Pambianco Study: Antonio Marras Owner Calzedonia Group Ranks First

by Beautifaire101

Beauty, Featured

MILAN — Calzedonia Group once more took the highest spot as the corporate with the best potential to go public, in keeping with the 2023 “Le Quotabili” study by Milan-based consultancy Pambianco Strategie di Impresa. Giorgio Armani‘s namesake group ranked second, followed by Golden Goose, inverting the 2 firms’ positions from last 12 months’s study. Autry, Stefano Ricci and Max Mara ranked fourth, fifth and sixth, respectively. The Pambianco rating analyzes the businesses which have the economic, financial and positioning characteristics to be publicly listed in a time span of three to 5 years, no matter whether a list is within the plans of the firm. Two firms which have actually expressed an interest in an IPO, Liu-Jo and OTB, were ranked ninth...

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6 Jul

Birkenstock Interviewing Banks for Potential IPO: Sources

by Beauty Tips

Fashion, Featured

Birkenstock is on the point of make its move. Sources told WWD the German sandal brand’s key owner — private equity giant L Catterton — is meeting with bankers because it prepares to explore options for the business, including a possible initial public offering. While one financial source said the shoe company could move to go public this fall, one other suggested that timing could be ambitious. Regardless, Birkenstock is claimed to have gone from strength to strength recently as its cozy sandals resonate with consumers keen to remain casual post-pandemic. A spokeswoman for L Catterton, which describes itself as the most important consumer-focused private equity group on the planet, declined to comment on Thursday. The Greenwich, Connecticut-based investor bought control of Birkenstock together with Financière...

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21 Jan

Westman Atelier Denies Potential Sale Rumors – WWD

by Beautifaire101

Beauty, Featured

Westman Atelier could also be beauty’s next mergers and acquisitions goal, industry sources told WWD. Speculation swirled last week that the corporate is being courted by major strategic buyers, however the brand’s cofounder David Neville said, “Nothing is going on without delay — there is no such thing as a process.” Industry sources had told WWD that talks between the clean makeup brand and potential suitors were heating up at the tip of 2022, adding that a sale was on the best way. Others acknowledged that while a sale is perhaps premature — Westman Atelier only launched in 2018 — the brand filled gaps in conglomerates’ portfolios with its luxury positioning. “For brands which might be clean and independent, [Westman Atelier] might be the...

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