• Is the Beauty Industry Hitting Pause on $1 Billion Deals?

    1 month ago - By WWD

    If Drunk Elephant isn't selling for $1 billion, is anybody?
    Probably not anytime soon.
    Beauty industry sources have indicated that $1 billion deals - especially for indie brands - are going to be few and far between for the next few years. The current crop of indies lack scale, meaning that even if strategic buyers were interested, they wouldn't be paying high dollar amounts to take over those brands.
    There are exceptions and some of the legacy assets in the market could fetch $1 billion plus, sources said, including Revlon Inc., possible divestitures from Coty Inc., and Charlotte Tilbury...
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