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.
blog comments powered by Disqus
  • Kitchen Counter Cosmetics

    Kitchen Counter Cosmetics

    Christine Esposito, Associate Editor||May 2, 2016
    LOLI box marks the convergence of natural and organic ingredients, subscription service and DIY cosmetic chemistry.

  • What’s New at La Prairie?

    What’s New at La Prairie?

    Melissa Meisel, Associate Editor||April 25, 2016
    VP of marketing shares the latest buzz with Happi.

  • Mapping Out Multicultural Beauty

    Mapping Out Multicultural Beauty

    April 25, 2016
    Agnieszka Saintemarie of Kline Group about current trends and challenges in multicultural beauty.

  • Erasing the Signs of Aging

    Pauline Rouaud-Tinguely, David Boudier, Sylvain Mazalrey, Jenny Laumonier, Isabelle Cruz, Gu00e9raldine Bon, Karine Perrinet, Bu00e9ranger Tassy, Brigitte Closs, Silab R&D, Saint-Viance, France||May 2, 2016
    Silab researchers explain how by acting on the endogenous hyaluronic acid pathway.

  • I Want It All

    I Want It All

    Melissa Meisel , Associate Editor||May 2, 2016
    Skin care moves beyond the basics with pampering formulations with unique components and novel functions.

  • Wacker Builds on Its Success

    Wacker Builds on Its Success

    Tom Branna, Editorial Director ||May 2, 2016
    The silicone maker had a good 2015 and expects the gains to continue in 2016, driven, in part, by success in the Americas and