Sales: $170 million
Sales: $170 million (estimated).
Key Personnel: Ken Stevens, interim chief executive officer; Christina Carlino, executive chairman; Gretchen Price, chief financial officer.
Major Products: Skin care, hair care, makeup, fragrance and bath and body products. Lines include Hope in a Jar, Purity Made Simple, Amazing Grace fragrance and ancillary items.
New Products: On a Clear Day skin care, Unconditional Love fragrance.
Comments: Philosophy needs a new leader. Last month, chief executive officer Michael McNamara left the company to spend more time with his family. While management searches for a new CEO, Ken Stevens will act as interim chief, and founder Cristina Carlino will continue as executive chairman.
Owned by investment firm The Carlyle Group,Washington, DC, Philosophy’s sales are $170 million, according to industry sources. In March, the company launched a new website, www.philosophygiveslove.com, which it calls the first interactive, fully-customized website devoted entirely to spreading love online and off. The site was launched in conjunction with Philosophy’s newest fragrance, Unconditional Love.