Mail slow? View this month’s issue, right online!
Our digital version is easy to share with colleagues. See this month’s issue and digital versions of previous issues too.
Get your products and services in front of thousands of decision-makers. View our print and online advertising options.
A one-on-one interview conducted by our editorial team with industry leaders in our market.
Discover the newest promotions and collaborations within the industry.
Easy-to-digest data for your business.
Shampoos, conditioners, colorants and styling products created by leading industry suppliers.
Creams, serums, facial cleansers and more created by leading suppliers to the skincare industry.
Detergents, fabric softeners and more created by leading suppliers to the fabric care industry.
Eyeshadows, lipsticks, foundations and more created by leading suppliers to the color cosmetics industry.
Bodywashes, and bar and liquid soaps created by leading suppliers to the personal cleanser industry.
Hard surface cleaners, disinfectants and more created by leading suppliers to the home care industry.
Eau de parfums and eau de toilettes, body sprays, mists and more created by leading suppliers to the fragrance industry.
UV lotions and creams, self-tanners and after-sun products created by leading suppliers to the suncare industry.
A detailed look at the leading US players in the global household and personal products industry.
A detailed look at the leading players outside the US in the global household and personal products industry.
Looking for a new raw material or packaging component supplier? Your search starts here.
When you need a new manufacturing partner or private label company, get started here.
Who owns that? To keep track of leading brands and their owners, click here.
An annual publication, Company Profiles features leading industry suppliers with information about markets served, products, technologies and services for beauty, pesonal care and home care.
New products and technologies from some of the brightest minds in the industry.
A one-on-one video interview between our editorial teams and industry leaders.
Listen to the leading experts in the global household and personal products industry.
Comprehensive coverage of key topics selected by sponsors.
Detailed research on novel ingredients and other solutions for the global household and personal care industry.
Company experts explain what works and why.
Exclusive content created by our affiliates and partners for the household and personal care industry.
Exciting news releases from the household and personal care industry.
Our targeted webinars provide relevant market information in an interactive format to audiences around the globe.
Discover exclusive live streams and updates from the hottest events and shows.
Looking for a job in the household and personal care industry, search no further.
Follow these steps to get your article published in print or online
What are you searching for?
Shares financial results for the three and twelve months ended December 31, 2020.
April 2, 2021
By: Charlie Sternberg
Associate Editor
Mav Beauty Brands Inc., a global personal care company, has shared its financial results for the three and twelve months ended December 31, 2020. Revenue for Q4 2020 decreased to $23.8 million from $30.8 million last year, reflecting the negative impact of the Covid-19 pandemic, including a category-wide decrease in haircare sales and temporary disruptions in its third-party warehousing and manufacturing operations. For the full year 2020, revenue increased by 7.4% to $116.5 million, which mainly reflects the addition of The Mane Choice, which was acquired at the end of fiscal 2019. Revenue from North America was $110.5 million in 2020, which represented approximately 95% of total revenue in 2020, up 9.5% from 2019, partially offset by a 20.0% decline in sales from international markets, which were predominantly affected by Covid-19 related closures. Comments from CEO “Despite an uncertain and extraordinary environment in retail, our business remained solidly profitable and generated healthy free cash flow in 2020,” stated Tim Bunch, CEO of Mav Beauty Brands. “Although Covid negatively impacted our results, as it did the total market, the resilience of our business underscores the durability of our categories, the strength and diversification of Mav's portfolio, and the benefit of our asset-light operating model. We were able to quickly react to capitalize on robust online demand, resulting in sales from e-commerce channels more than doubling over 2019.” Bunch continued, “While we will continue to monitor and adjust to the market conditions, we are optimistic that 2021 will present a more favorable operating environment for our retail partners as vaccination rates increase and the economy opens up. We have a diversified portfolio of four on-trend brands that we expect will deliver above-category growth over time.” CFO Transition The company also announced that, effective May 10, 2021, Judy Adam will resign her position as chief financial officer of the company, and Niv Majar, the vice president of finance, will assume the position of interim chief financial officer until a replacement is found.
Enter your account email.
A verification code was sent to your email, Enter the 6-digit code sent to your mail.
Didn't get the code? Check your spam folder or resend code
Set a new password for signing in and accessing your data.
Your Password has been Updated !
