San Francisco, CA
Sales: $511 million
Sales:$511 million. Net income: $88.1 million.
Key Personnel:Leslie Blodgett, chief executive officer; Michael Dadario, president, retail.
Major Products:Cosmetics and skin care sold under such brand names as Bare Escentuals, I.D. Bareminerals and MD Formulations.
Comments:Nobody has to tell Leslie Blodgett that there’s gold in mineral makeup. The company is more than 30 years old, yet thanks to Ms. Blodgett’s energy, shows no signs of slowing down. Sales rose nearly 30% last year and net income was up 75%.
By retail channel, premium wholesale accounted for 32.1% of sales, followed by infomercials (24.7%), boutiques (16.8%), home shopping television (11.8%), spas and salons (11.1%) and international distributors (3.5%).
For the first quarter of 2008, sales rose 21% to $140.4 million.
“We are pleased with our strong start to 2008 which reflects a continuation of the positive brand momentum experienced in 2007,” said Ms. Blodgett. “We are on track to significantly expand our points of presence domestically and internationally, including our recent launch at Selfridges in London, our first department store in the United Kingdom. At the same time, we're excited about our new business initiatives, including the growth of RareMinerals.”
In May, Cosmetic Executive Women named RareMinerals Blemish Therapy the 2008 winner in the facial and skin care category for acne treatment.
Last month, Bare Escentuals named Michael Dadario as president of retail. In this role, he will be responsible for Bare Escentuals’ overall retail strategy and execution including merchandising, sales and operations for all domestic brick-and-mortar distribution channels, including Bare Escentuals boutiques, premium wholesale locations, and spas and salons.