Deals are starting to percolate in beauty, with Physicians Formula Holding Inc. attracting a buyer and indie cosmetics darling Urban Decay believed to be next in line.
More companies are said to be in play, according to financial sources. For instance, Yes to Inc. — best known for its plucky range Yes to Carrots — is said to be working with Deutsche Bank, as is Urban Decay, while the clinical skin care brand StriVectin, which is owned by Catterton Partners, has reportedly tapped Goldman Sachs, as has TSG Consumer Partners, which owns Perricone MD, Alterna, Sexy Hair, Kenra and Pevonia. Additional brands seen as acquisition targets include Tarte Cosmetics, a mainstay on QVC that has received funding from the private equity company Encore Consumer Capital, and the botanical skin care brand Aesop. RELATED STORY: Beauty M&A Heats Up >>
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
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?"