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
Harrods plans to remove the famous statue of Princess Diana and Dodi Al Fayed from the bottom of the Egyptian escalators and hand it back to Mohamed Al-Fayed. “We are very proud to have played our role in celebrating the lives of Diana, Princess of Wales and Dodi Al Fayed at Harrods and to have welcomed people from around the world to visit the memorial for the past 20 years,” said Michael Ward, Harrods managing director. “With the announcement of the new official memorial statue to Diana, Princess of Wales at Kensington Palace, we feel that the time is right to return this memorial to Mr. Al Fayed and for the public to be invited to pay their respects at the palace.” More on the news, with reporting by @loreleimarfil, at WWD.com. #wwdnews
@prada is introducing a new project at its men’s fall 2018 show this Sunday: “Prada Invites.” The fashion house invited four celebrated creative minds – @ronanaerwanbouroullec, Konstantin Grcic, @herzogdemeuron and @rem.koolhaas – to each create a unique item with its iconic nylon material. The designs will be unveiled on the runway show, which will take place at the company’s warehouse in Viale Ortles 25. #wwdfashion #mfwm (📷: @martinocarrera)
@kering_official is spinning off its stake in puma in an effort to focus on its luxury brands, the brand operator announced yesterday. “We are proud to have supported the turnaround of Puma, which now has unrivaled capabilities to take full advantage of the specific dynamics of its global markets and is poised to achieve substantial growth,” said François-Henri Pinault, Kering’s chief executive officer and chairman. Artémis will become a “long-term strategic shareholder” of Puma with a 29 percent stake. #wwdnews #wwdfashion (📷: @jilliansollazzo)
The fashion world mourns for celebrated street style photographer, Nabile Quenum, who died at age 32 in Paris.
Quenum, creator of the fashion blog “J’ai Perdu Ma Veste,” was a fashion week fixture, and regularly shot for New York magazine’s The Cut, among other outlets, and brands such as Louis Vuitton, Moncler and Adidas. He was also actively involved in the #NoFreePhotos initiative, which kicked off in the fall. Read more about Quenum in @kbsmoke's story on WWD.com. #wwdnews
@verwanggang and @maisonladuree have teamed up on a dessert collab called Vera Wang Pour Ladurée. The collection, which launched this week, features a specialty macaroon, as well as a wedding cake inspired by one of the designer’s gowns. “I could not imagine a more delicate or sophisticated creation to grace any couple’s celebration,” said Wang. #wwdfashion