Is Anastasia Soare gearing up to sell her beauty business?Speculation in the market says yes. But asked directly if she hired a bank to conduct a deal, or if she'd like to comment for this story, Soare, the founder and chief executive officer of Anastasia Beverly Hills, said "no."A handful of industry sources have said Anastasia has tapped investment bank Imperial Capital to explore sale options. One source said first-round bids were due Dec. 8. Imperial did not respond to a request for comment.If a deal were to come to fruition, it would be a big one. Anastasia is said to have at least $340 million in net sales, with about $200 million in earnings before interest, taxes, depreciation and amortization. Put in the context of other recent transactions for makeup companies — like It Cosmetics' 6.1 times sales price tag, or Too Faced's 5.5 times sales sale price — Anastasia's price tag could be in the billions, if Soare were to sell the whole thing. (It Cosmetics posted $182 million in sales the year before L'Oréal bought it for $1.2 billion, and Too Faced had about $270 million in net sales the year Estée Lauder agreed to pay $1.45 billion for the business.)For Soare, a sale process would mark a departure from her previously M&A-averse attitude. At the WWD CEO Summit in West Palm Beach, Fla., in 2016, Soare acknowledged the interest the brand had received from potential partners, but said: “I own 100 percent of the company, if you are curious about that. I don’t have any investment, and I’m not planning to get any [any]time soon.”Sources speculated that the company could be a target for major beauty players like the Estée Lauder Cos. Inc., L'Oréal, LVMH, Shiseido or Unilever, or large private equity firms.Soare is largely credited with putting eyebrows on the beauty map, and in 2014 launched into other color products. Today, the brand has a full line of brow products, brushes, highlight and contour kits, eye shadows and lip colors. Anastasia is sold in prestige retailers, including Sephora, Ulta Beauty, Macy's and Nordstrom.Anastasia has a large social following with 15.2 million followers on Instagram and frequently reposts the content of its users. The brand has been toward or at the top of the Tribe Dynamics Earned Media Value list for cosmetics for a while — it was number one for the month of October, with 13 percent year-over-year EMV growth to $104.4 million.More on Anastasia Beverly Hills:Anastasia Beverly Hills, Farsali, Brazilian Bond Builder Get Top Spots for Earned Media ValueAnastasia Soare on Millennials, Instagram and Starting With Nothing
Leading luxury brand are shaking things up to keep up with streetwear. Case in point: the arrival of @mrkimjones as artistic director of @diorhomme. Jones, who succeeds @Kris_Van_Assche, is seen as one of the handful of designers who can actually straddle the luxury and streetwear worlds — which could lead to even more changes at established brands. What could this mean for the rest of the menswear landscape? Head to WWD.com to find out what experts predict #wwdfashion (📷: @franckmura)
“It’s like buying groceries. You’re going to buy the best mango, the best mozzarella, the best things. You have to, or others are going to take it all,” said @gabrielahearst on why she uses only the finest fabrics. Last week, Hearst received her first @cfda nomination for Womenswear Designer of the Year, and earlier this month she opened a permanent showroom in Paris. To read @jessiredale’s interview with the designer and find out why this is shaping up to be a big year for her, head to WWD.com. #wwdfashion (📷: @francoisgoize)
“It’s an interesting thing, playing a younger version of your mother. It’s an interesting concept. I adore my mom and love her in every capacity, but it was just something that had never crossed my mind,” says @anniemstarke on playing a young Joan Castleman in “The Wife.” The same role will be played by her mother Glenn Close. Read more about her growing up in the film industry as the daughter of producer John H. Starke and Close and what she has planned for the future #wwdeye (📷: @nataliamantini)
@asics is launching a new streetwear sneaker inspired by its latest ambassador, @steveaoki. The Hyper-Kenzen x Aoki, which will launch at @footlocker stores exclusively tomorrow, is a slip-on style that incorporates the brand’s proprietary Gel technology through beads integrated into the midsole for comfort and endurance. Read the full story on WWD.com.
@beyonce chose a custom gown by @falgunishanepeacockindia for mother @mstinalawson 's second annual Wearable Art Gala last night. The gown, which took 10 days to make, was inspired by Nubian warrior queen Amanishakheto. Reporting by @hernameislex . #wwdeye 👑 🐝#beyonce
After dressing @justintimberlake for his Super Bowl halftime performance last month, @stellamccartney has designed the star’s "Man of the Woods" tour wardrobe. Timberlake will be wearing a mix of pieces from McCartney’s fall men's collection as well as custom designs and items from his own closet. #wwdfashion