Sales: $1.8 billion (estimated) for personal care products.
Key Personnel: Greg Renker, founding principal and co-chairman; Bill Guthy, founding principal and co-chairman; Bennet Van De Bunt, chief executive officer and principal; Georg Richter, president and chief operating officer; Seth D. Radwell, president and chief revenue officer.
Major Products: Cosmetics and personal care brands including Proactiv, Crepe Erase, Perricone MD, Sheer Cover, Principal Secret, Meaningful Beauty, Wen, X Out, IT Cosmetics.
New Products: Wen Pink Jasmine Peony, Perricone MD OVM Serum, Crepe Erase with TruFirm, IT Cosmetics X Sephora.
Comments: They’re still battling lawsuits that charge Wen hair care products cause hair loss, but Guthy-Renker execs aren’t losing sleep over it. In March, the infomercial beauty king formed a joint venture with Nestlé Skin Health, Lausanne, Switzerland. Under terms of the agreement, Nestlé is the majority stakeholder in a business focused on the global consumer acne market.
The company has moved its offices from Palm Desert and Santa Monica to El Segundo, CA to consolidate operations. Guthy-Renker had been in Palm Desert for 28 years and in Santa Monica for 19 years.