Another Rare Beauty is making strikes within the offers area.
Rare Beauty Brands, proprietor of Patchology and Dr. Dana Beauty, is exploring deal choices, in keeping with sources.
The magnificence firm has employed funding financial institution DC Advisory to think about its choices, trade sources instructed WWD. Annual gross sales for the entire firm are stated to be round $30 million.
Both Rare Beauty Brands and DC Advisory declined to remark Thursday.
This comes only one yr after Rare Beauty Brands bought the pure skincare and physique care model Plant Apothecary to Goodwill Brands and Branded IP for an undisclosed sum, after buying it from its founders in 2019.
Mask model Patchology, identified for its focused pores and skin options, together with sheet masks for the face and ft and gel masks for eyes and lips, was launched in 2014. Its Patchology Flashpatch Rejuvenating Eye Gels, $35, had been beforehand named by WWD Beauty Inc within the 100 high therapy merchandise of all time.
In 2021, Rare Beauty Brands acquired Dr. Dana Beauty, a nail care model, from Nu Skin Enterprises Inc. Chronic points the model addresses embrace brittle nails, which embrace nails that break, peel, ridge or take lengthy to develop.
This is popping out to be a busy yr for manufacturers coming to market. Kosas, Selena Gomez’ Rare Beauty, Osea, Merit and Jane Iredale are among the many different magnificence manufacturers which have additionally employed bankers.
The different Rare Beauty has employed funding banks Goldman Sachs and Raymond James, and is known to be exploring each a sale and an preliminary public providing.
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