Sales: $200 million
$200 million (estimated).
Cristina Carlino, founder; Kenneth T. Stevens, chief executive officer.
Skin care, personal care and related products.
Hope in a Tinted Moisturizer, Divine Illumination color collection.
Holiday greetings from Philosophy.
This is the last year that Philosophy will make our Top 50 list, as the company was sold to Coty late last year.
Founded in 1996 by Cristina Carlino, Philosophy has grown into a $200 million firm selling skin care and related beauty notions including fragrances and bath and body products. The firm, which was acquired by The Carlyle Group in March 2007, has since been sold to Coty in a deal that has been rumored at $1 billion. Not too shabby for a brand that sells products in simple packaging, but with ever-so catchy names like Hope in a Jar and Miracle Worker (skin care SKUs) and Amazing Grace (fragrance).
In fact, Philosophy, as a company, believes that what is “in” Philosophy jars and bottles can give you better skin. What is “on” Philosophy jars and bottles can inspire better days.
“Philosophy is one of the beauty industry’s most prestigious brands and a fantastic addition to the Coty family,” said Bernd Beetz, chief executive officer of Coty Inc. “This acquisition will allow Coty to strengthen its presence in the skin care category, which is one of our key strategic objectives.”
Recently, Philosophy linked up with CafePress to offer customized bath and body gifts. The CafePress design tool will allow Philosophy customers to customize the packaging on three of Philosophy's signature shower gel scents: Amazing Grace, Pure Grace and Falling in Love.