Rumors Tag

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...