Should VCs be investing in beauty brands?
In the last two years, Unilever has acquired Carver Korea for $2.7 billion. Estee Lauder acquired Too Faced Cosmetics for $1.45 billion. CVC Capital Brands bought PDC Brands for $1.43 billion. L’Oreal purchased a trio of skincare brands for $1.3 billion, and also IT Cosmetics for $1.2 billion. E.l.f. Beauty did an IPO. Venture capitalists didn’t invest in any of these… Read More