The sizzle in the retail and apparel mergers and acquisition scene might be gone for now, but the beauty world is abuzz with deal activity.
Murmurs have been building around Urban Decay and now StriVectin. A source said Deutsche Bank sent out books detailing the finances of Urban Decay to potential strategic buyers last week and that StriVectin hired investment bank Goldman Sachs to explore a sale.
Urban Decay has been on the beauty M&A radar for some time, but StriVectin is relatively new to the rumor mill.
StriVectin, the facial skin care company that used to make stretch mark cream, was purchased by private equity firm Catterton Partners in July 2009. The brand, which industry sources estimate generates $135 million in retail sales, is managed by Chrysallis, Catterton Partners’ beauty industry-focused management team. In recent years, Chrysallis has reformulated, repackaged and repositioned the line — and trumpeted those changes through an advertising campaign. Asked if StriVectin is in search of a buyer, Melisse Shaban, chief executive officer of Chrysallis, said, “no comment.”
Speaking generally, Shaban does expect to see several deals happen this year. Referring to the pulse of M&A, she said, “It’s an active time and there are assets out there that have value.” And that’s a good thing, she added. “We’ve got to keep the entrepreneurial spirit of beauty alive, otherwise there will be two brands and two retailers.”
Wende Zomnir, the creative director and co-founder of Urban Decay, also replied to the rumors surrounding her firm with a “no comment.” The Boston-based private equity firm Castanea Partners invested in the cosmetics brand — one of the last holdouts from the indie cosmetics brand craze — in March 2009. Investors from Castanea could not be reached for comment.
Goldman Sachs declined to comment and Deutsche Bank could not be reached Thursday.
Goldman Sachs is a giant on the M&A scene and Deutsche Bank has been garnering the interest of potential sellers since it advised Smashbox in its 2010 sale to the Estée Lauder Cos. Inc. Last month, skin care firm Yes To Inc. was also said to have been close to hiring Deutsche Bank to explore a sale.
“What he has done at Vuitton is really exceptional,” said @gameofthrones’ actress Gwendoline Christie on @mrkimjones’ final show for @louisvuitton. “He has rebooted luxury in terms of making it commercial, viable and contemporary. And most importantly artistic. He has never compromised his artistic vision for the sake of commodity.” (📷: @zefashioninsider)
After seeing a demand for men’s wear from its customers, British contemporary women’s wear label @ariesarise has added a men’s wear component and will launch a unisex collection with @mrporterlive. The 20-piece collection includes jackets, denim, logo T-shirts and more with deconstructed ‘90s vibes. Set to launch on January 18, you can shop the pieces on Aries’ website and on mrporter.com. #wwdfashion
“And so spending so much time with a character who thinks like that, inevitability you try and analyze yourself and go back and think about your own demons and dark chapters that you had in your life,” says @thedanielbruhl of his role in TNT’s “The Alienist.” The show, set in the Gilded Age of New York, also stars Dakota Fanning and Luke Evans. Head to WWD.com to read about how 39-year-old Brühl prepared for the role and why he thinks the show is so relevant to today #wwdeye ( 📷: @Eriktanner)
Now that Celine Dion’s collection has topped $10 million in sales, the pop superstar, fashion icon and newly-minted industry player is eyeing growth in Asia. Read the full report by @tiffanyap, link in bio. #wwdnews #celinedion
“My personal philosophy to beauty is paying attention to oneself. I love to be outdoors, lots of fresh air, trying to take care of yourself as best you can. I always notice that comes through,” says Felicity Jones, the global face of @shiseido-owned @cledepeaubeauteus, which launches today. Head to WWD.com to read more about the actress’ love for beauty and how she prepared for her new role in “The Basis of Sex,” playing the young Ruth Bader Ginsburg. #wwdbeauty (📷: @dandoperalski)
Among the familiar faces at @off____white’s show was a surprise figure: Japanese artist @takashipom, pictured here on Wednesday morning. Other show-goers included @jerrylorenzo, who spoke about his upcoming project: a @nike collaboration for back to school, with designs inspired by his childhood on the West Coast. Sitting in the front row were Future, Don Crawley, @miguel and more. See the rest of the photos on WWD.com #wwdeye (📷: Stephane Feugere)
According to @laurentsai, former “Terrace House: Aloha State” cast member, she didn’t know she was auditioning for the Japanese version of “Real World.” “I was telling a couple of my friends and someone’s like, ‘That sounds a lot like Terrace House.’ I was like, ’No it can’t be.’” Turns out, it was. But Tsai isn’t just a reality star — she’s an illustrator who has worked with Starbucks Japan and most recently, she’s dipping her toes into the fashion world. Head to WWD.com to read about her time on the show, modeling and her art. #wwdeye (📷: @danieldorsa)
More changes are coming to New York Fashion Week: Beginning with the spring 2019 collection, @alexanderwangny will move his New York show to June from September, adopting a biannual schedule with collections shown in June and December. Additionally, the @cfda is planning for an official summer/winter fashion season taking place as soon as June and December 2018. Read more about the upcoming changes on WWD.com. #wwdnews #wwdfashion (📷: @slovekinpics)