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 >>
“I see things on the hanger and I’m, like, ‘I never knew that color worked on me.’ It’s things you necessarily wouldn’t choose to wear, but once you put them on, you see why Janie is who Janie is." — Lily Collins on working with former "Mad Men" costume designer, Janie Bryant on creating looks for her role as Celia Brady's in Amazon series, "The Last Tycoon." 📸@jilliansollazzo #wwdeye
EXCLUSIVE: Sarah Rutson has been tapped to Build New American Fashion Group. The parent of Joie, Equipment and Current/Elliott hired the merchant to rev up its brands and expand its portfolio into designer, beauty and lifestyle categories. Read more on WWD.com, link in bio. #wwdfashion
Michael Kors' $1.3B Jimmy Choo deal has the company squaring off with Coach Inc. as both seek to build American powerhouses. Coach bought Stuart Weitzman in 2015 and Kate Spade just two weeks ago, but Michael Kors' acquisition may be putting pressure on its rival in the new push for scale. #wwdnews (📷: George Chinsee)
Meet actress Lucy Boynton, who plays opposite Naomi Watts in the recently released Netflix series "Gypsy." Boynton stopped by WWD to talk about her upcoming projects and her nomadic lifestyle. Get all the details on WWD.com. #wwdeye (📷: @dandoperalski)