Thrive Causemetics in Reported Talks with Goldman Sachs Over Buyout

Jul 7th, 2020

Jacquelyn Schlabach

The e-commerce homepage for Thrive Causemetics.

The e-commerce homepage for Thrive Causemetics.

Beauty startup Thrive Causemetics is in reported talks with Goldman Sachs Inc. over a buyout that is said to be valued at several hundred million dollars should the cosmetics brand settle on an agreement with the company, according to Bloomberg.

Further reading: Coty Acquires 20% Stakes in Kim Kardashian West Beauty

The vegan cosmetics brand is reportedly on track to earn about $150 million in revenue this year with $20 million of annual earnings before interest, taxes, depreciation and amortization.

Sephora continues to be a powerhouse, spiking selective retail sales by 11% (organic), totaling $4,175 million.

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Highlights in the perfume and cosmetics sector included Christian Dior's Sauvage, J’adore and Miss Dior in fragrance, as well as Rouge Dior in makeup and Capture in skin care.

Incos Global 2024 Thumbnail

9 Top Trends + 30 Beauty Insights from in-cosmetics Global 2024

Nearly 200 new launches were on display at in-cosmetics Global, held April 16-18, 2024, in Paris. Here, we've captured some of the top trends we spotted — but this is merely a sampling.

A new collagen era for hair care with Col-Frag remastered ™

A new collagen era for hair care with Col-Frag remastered ™

Col-Frag remastered ™ is a type I collagen fragment produced in Wild plants as biofactories through vertical farming, that provides volume, gloss and facilitates combing

From L: Anju Majeed, Ph.D., and Shaheen Majeed

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Manzanita Capital first invested in Space NK in 2002.

Report: Manzanita Capital Seeking Space NK Sale?

The private investment firm previously explored a sale of Space NK in 2018 advised by Goldman Sachs.

'Immunocologie is your skin care’s foundation for well-being, healthy skin,' says Immunocologie Skincare founder, Karen Ballou. 'Consequently, Immunocologie’s holistic approach to skin health is consistent with Blue Zones principles of living better longer.'

What Makes a Skin Care Brand Blue Zone-worthy? Immunocologie Knows...

As part of the partnership, select Immunocologie products (the Vital Clay Mask, Vital Ionic Mist and self-heating Lava Mask) have been featured online alongside other Blue Zones-endorsed products including longevity foods and beverages.

Jessica Alba will shift her creative energy to new endeavors after a successful fourth quarter.

Jessica Alba Steps Down as Chief Creative Officer at The Honest Company

Alba will continue to provide her support and leadership as a member of Honest’s board of directors.

Cyklar founder Claudia Sulewski said, 'I was a longtime fan of The Center's brands and couldn't believe my luck when I hit it off with Ben Bennett. Joining this family is a dream come true, and I'm eager to learn and grow Cyklar with their expertise.'

The Center Invests in Cyklar to Expand Product Offerings

The Center will help the brand to expand its offerings, focusing on new products and the evolution of Cyklar to meet the ever-changing needs of consumers.

U.S. private equity giant Blackstone Inc. would reportedly try to provide debt financing to take L’Occitane private.

Report: L’Occitane Owner Exploring Another Attempt to Take Company Private

Reuters now reports that Geiger is "in advanced discussions with investors and lenders" about a potential deal that could be announced in just a few days.

The funding round was led by a16z crypto and The Estée Lauder Companies' New Incubation Ventures (NIV).

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Kiki looks to build consumer brands as dynamic platforms, with products and experiences created by and rewards shared with the communities that use them.

In March, Puig reported that full-year 2023 sales increased 19% to €4.3 billion.

Puig Seeking to Raise $3B in IPO: UPDATE

Funds will be used to "refinance recent acquisitions of additional ownership in the prestige fragrance label Byredo and Charlotte Tilbury brands," while setting the company up for future acquisitions and expansions in Asia Pacific and skin care.