EL SEGUNDO, Calif. — Murad Inc. is keeping it all in the family — for now.
With many of its dermatologist brand competitors settling into new multinational homes, speculation has recently mounted that the independent El Segundo, Calif.-based company is a prime pickup for a large beauty player with a gap in its skin care portfolio. But Murad has rebuffed all acquisition courtships to date, said its founder, Howard Murad. The Estée Lauder Cos. Inc. has shown an interest, he said, and Coty Inc. has been named a possible suitor, said industry sources.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"