07.02.23
Washington, DC
www.carlyle.com
Sales: $684 million
Key Personnel: Mindy Mackenzie, interim chief executive officer, Beautycounter; Gerry Chesser, chief executive officer, Every Man Jack
Major Products: Skin care, makeup, and bath and body products under the Beautycounter and Every Man Jack brands. Carlyle also has a stake in Japanese cosmetics contact manufacturer Tokiwa Corporation
New Products: VLCC (acquisition)
Comments: Carlyle is the investment giant behind clean beauty pioneer Beautycounter and men’s grooming company Every Man Jack. Earlier this year, it acquired a stake in Indian beauty and wellness company VLCC. Founded in 1989 by Vandana and Mukesh Luthra, VLCC operates in skin care, beauty and wellness with an integrated offering of branded skin care products and high-end specialized beauty and wellness services. VLCC sells products in physical retail and digital channels and it has a network of clinics in tier-one and tier-two Indian cities. The company is currently a market leader in India for facial kits and has an extensive product portfolio across skincare and sun care products.
VLCC also provides aesthetic dermal treatments and weight management services through retail clinics in 11 countries in South Asia, the Middle East and Africa. In addition, it operates 100 educational institutes in India, making it one of the largest providers of vocational training in the beauty and wellness sector in the country.
Carlyle is also interested in the production side of the beauty business. In 2022 it acquired HCP Packaging. Carlyle’s investments also include Japanese cosmetics contact manufacturer Tokiwa Corporation.
The company’s highest profile beauty brand, Beautycounter, is looking for a new CEO. In late May, Carlyle board member Mindy Mackenzie took over as interim CEO for Marc Rey, who was in the post for about one year. Mackenzie was most recently a partner and chief performance officer at Carlyle. She has held posts at McKinsey, Jim Beam, Walmart and Campbell Soup.
www.carlyle.com
Sales: $684 million
Key Personnel: Mindy Mackenzie, interim chief executive officer, Beautycounter; Gerry Chesser, chief executive officer, Every Man Jack
Major Products: Skin care, makeup, and bath and body products under the Beautycounter and Every Man Jack brands. Carlyle also has a stake in Japanese cosmetics contact manufacturer Tokiwa Corporation
New Products: VLCC (acquisition)
Comments: Carlyle is the investment giant behind clean beauty pioneer Beautycounter and men’s grooming company Every Man Jack. Earlier this year, it acquired a stake in Indian beauty and wellness company VLCC. Founded in 1989 by Vandana and Mukesh Luthra, VLCC operates in skin care, beauty and wellness with an integrated offering of branded skin care products and high-end specialized beauty and wellness services. VLCC sells products in physical retail and digital channels and it has a network of clinics in tier-one and tier-two Indian cities. The company is currently a market leader in India for facial kits and has an extensive product portfolio across skincare and sun care products.
VLCC also provides aesthetic dermal treatments and weight management services through retail clinics in 11 countries in South Asia, the Middle East and Africa. In addition, it operates 100 educational institutes in India, making it one of the largest providers of vocational training in the beauty and wellness sector in the country.
Carlyle is also interested in the production side of the beauty business. In 2022 it acquired HCP Packaging. Carlyle’s investments also include Japanese cosmetics contact manufacturer Tokiwa Corporation.
The company’s highest profile beauty brand, Beautycounter, is looking for a new CEO. In late May, Carlyle board member Mindy Mackenzie took over as interim CEO for Marc Rey, who was in the post for about one year. Mackenzie was most recently a partner and chief performance officer at Carlyle. She has held posts at McKinsey, Jim Beam, Walmart and Campbell Soup.