Featured Posts

To top
19 Jul

Tula CEO Savannah Sachs Departs Brand – WWD

Savannah Sachs, skincare brand Tula’s chief executive officer, is departing the corporate.

Her resignation is effective Aug. 22, P&G Beauty confirmed.

“It’s with mixed emotion that I’m sharing after five incredible years with Tula Skincare I’ve decided to maneuver on and find my next adventure,” Sachs wrote in a LinkedIn post Tuesday night. “I’ll be excited to observe Tula proceed to grow from afar and wish to thank Colin Walsh for helping out as Tula’s interim CEO as I wrap up my final weeks here and all of our Procter & Gamble partners for supporting me.”

Walsh is the second head of P&G’s specialty beauty division. He joined P&G from Ouai, which P&G acquired in 2021, and succeeds P&G veteran Chris Heiert, who’s retiring this month.

P&G acquired Tula in early 2022, and the brand sits inside P&G’s specialty beauty division. It was the third in a rapid fire of deals from P&G because it looked to construct out the division, also including Farmacy and Ouai. The division also houses First Aid Beauty, which P&G bought in 2018.

“It’s rare that multiple acquired brands join a business at the identical time, and it’s been a pleasure to see how all of our CEOs collaborate, learn from and support one another. Now, with this recent transition, that is much more vital,” said P&G Beauty CEO Alex Keith on a separate LinkedIn post addressing the shuffle. “Savannah, thanks for every little thing you’ve done for Tula across the past five years. You’ve created a terrific, beloved brand and built a company that continually strives for excellence in every little thing they do.”

On the time of the deal, Tula net sales were estimated to be around $150 million for 2021. The brand was early to the microbiome skincare trend that has since taken off.

Recommended Products

Beautifaire101
No Comments

Sorry, the comment form is closed at this time.