Breaking News

Carlyle Group Acquires Philosophy

March 6, 2007

Skin care marketer, Philosophy Inc. has been acquired by the Carlyle Group, Washington, DC. Market sources estimate that the Carlyle Group paid more than $450 million for Philosophy. Christina Carlino founded the company and served as chief executive officer. Under the terms of the deal Ms. Carlino will take on the roles of executive chairman and remain involved as an equity owner. The firm is searching for a new chief executive officer.

Philosophy is sold in Sephora, Macy’s, Bloomingdale’s and Nordstrom. Through a partnership it has maintained with QVC, Philosophy claims the top beauty brand spot ahead of Bare Escentuals on the shopping network, according to industry sources. Carlyle Group hopes to bring Philosophy to international markets in the future.
  • Cargo Says Aloha To Spring/Summer

    Cargo Says Aloha To Spring/Summer

    Christine Esposito, Associate Editor||February 13, 2017
    Cargo Cosmetics has rolled out its new Spring/Summer collection with Hawiianan singer Anuhea.

  • Cashing In on Coconuts

    Cashing In on Coconuts

    Melissa Meisel, Associate Editor||February 6, 2017
    Organic to Green is making waves for its new oils and eco-friendly packaging.

  • Monday Morning Quarterback

    Monday Morning Quarterback

    Christine Esposito, Associate Editor||February 6, 2017
    Super Bowl commercials are big business. Let’s look at some of personal and household care brands that bought spots this year

  • Trade Association Directory 2017

    February 2, 2017
    Contact details of trade associations that serve various segments of our industry and are mentioned frequently in Happi.

  • What the Halal  Is Going On?

    What the Halal Is Going On?

    Imogen Matthews , In-Cosmetics||February 2, 2017
    Demand for these beauty products is surging thanks to a fastgrowing Muslim population.

  • Relief for Sensitive Scalps

    Relief for Sensitive Scalps

    Guadalupe Pellon and Annette Mehling , BASF||February 2, 2017
    BASF researchers detail the attributes of the company’s highly effective hair care system focusing on scalp sensitivity.