07.28.22
Waldencast, a new combined company featuring leading beauty brands Obagi Skincare and Milk Makeup, is expected to begin trading on Nasdaq under the ticker symbol “WALD” starting on July 28, 2022.
Waldencast will be led by Founder and CEO Michel Brousset and Founder, COO and Chief Growth Officer Hind Sebti; Obagi Skincare CEO Jaime Castle and Milk Makeup CEO Tim Coolican will continue to lead their respective brands. Felipe Dutra will serve as Executive Chairman of the Board of the Directors.
According to the company, its mission is to create a global “best-in-class multi-brand beauty and wellness platform."
Brousset of Waldencast commented, “We are proud to announce that we have closed our business combination with Obagi Skincare and Milk Makeup. This marks the first step in our mission to create a global best-in-class beauty and wellness company that embraces conscious, purpose-driven brands. By becoming part of the Waldencast platform, Obagi Skincare and Milk Makeup can capitalize on their hugely successful brands, gain access to capital and benefit from the Waldencast ecosystem to further accelerate growth, while preserving their entrepreneurial spirit, unique DNA and values.”
The business combination was supported by approximately 98% of the vote cast at the most recent meeting, representing approximately 70% of Waldencast’s outstanding shares.
Waldencast will be led by Founder and CEO Michel Brousset and Founder, COO and Chief Growth Officer Hind Sebti; Obagi Skincare CEO Jaime Castle and Milk Makeup CEO Tim Coolican will continue to lead their respective brands. Felipe Dutra will serve as Executive Chairman of the Board of the Directors.
According to the company, its mission is to create a global “best-in-class multi-brand beauty and wellness platform."
Brousset of Waldencast commented, “We are proud to announce that we have closed our business combination with Obagi Skincare and Milk Makeup. This marks the first step in our mission to create a global best-in-class beauty and wellness company that embraces conscious, purpose-driven brands. By becoming part of the Waldencast platform, Obagi Skincare and Milk Makeup can capitalize on their hugely successful brands, gain access to capital and benefit from the Waldencast ecosystem to further accelerate growth, while preserving their entrepreneurial spirit, unique DNA and values.”
The business combination was supported by approximately 98% of the vote cast at the most recent meeting, representing approximately 70% of Waldencast’s outstanding shares.