•Skin care brand Philosophy, founded by Cristina Carlino, is marking its 16th anniversary. Carlino, who previously developed Biomedic, a medical skin care company, built Philosophy into an award-winning company with loyal fans who loved the products as much as their often quirky and clever names like Hope in a Jar and Miracle Worker.
In 2010, when Coty Inc. acquired Philosophy from The Carlyle Group, a sale price was not disclosed, but Carlyle was said to be seeking $1 billion for the company, which was expected to have sales of more than $200 million that year.
For Coty, Philosophy would help to further diversify and expand its prestige division, and expand Philosophy on a global level, affording them the opportunity to expand across Asia into countries such as Korea, China and Japan. Domestically, the brand continues to grow its retail relationships. It is currently available at Sephora, QVC, Ulta, Nordstrom, Macy’s and Lord & Taylor, as well as the brand’s ecommerce site: philosophy.com.
To celebrate its birthday, Philosophy created a limited-edition shower gel called it’s philosophy’s sweet 16, which is scented with cinnamon buns, a perennial customer favorite and one of the company’s best-selling shower gel scents.