Sales: $117 million (estimated).
Key Personnel: Dr. Howard Murad, chief executive officer and founder; Fred A. Gysi, chief financial officer; Richard S. Murad, general manager and general counsel; Marina Randolph, executive vice president of direct; Suzanne Dawson, chief marketing officer.
Major Products: Rapid Age Spot & Pigment Lightening Serum, Hydro-Dynamic Ultimate Moisture, and Oil-Control Mattifier SPF 15 | PA++.
New Products: Time Release Retinol Concentrate for Deep Wrinkles, Age-Diffusing Firming Mask, Intensive-C Radiance Peel, Overnight Soothing Gel for red, irritated skin, and Clarifying Wipes for blemish-prone skin.
Comments: Founded in 1989 by Dr. Howard Murad, a board certified dermatologist, trained pharmacist and Associate Clinical Professor of Medicine (Dermatology) at the Geffen School of Medicine, UCLA, Dr. Murad holds 18 patents and is considered a leading visionary in the fields of skin care and dermatology. The fast growth of the company has recently led it to commit a $35 million investment in brand new 45,000 square foot global headquarters in El Segundo, CA.
“We are excited to have signed the lease to our new custom-designed office space where we will be able to meet the needs of our growth plans as well as honor our commitment to provide our valued employees with a spectacular, creative work environment, which is being designed to fit our specific requirements,” said Richard Murad, general manager of Murad, Inc. “This is a testament to our confidence in the company, our brand and our dedication to continue to innovate and exceed the expectations of our customers.”
Last year, Murad rolled out two new acne products—Overnight Soothing Gel and Pore & Line Minimizing Hydrator. The Overnight Soothing gel works to reduce redness caused by acne, sun burn or skin sensitivity. Meanwhile, the Pore & Line Minimizing Hydrator provides hydration and helps heal breakouts by boosting collagen.
More recently Murad announced the launch of Renewing Cleansing Oil for face, eyes and lips, a cleansing oil developed to revitalize and purify the skin while locking in moisture. As part of Murad’s Resurgence line, the SKU uses a blend of natural botanical oils to remove impurities, irritants and makeup while restoring moisture to the skin. It is the first comprehensive skincare line developed to treat hormonally aging skin.
“We understand how difficult it can be to find a product that completely removes makeup and washes away surface impurities without leaving the skin stripped of its own natural oils,” said Jeff Murad, vice president of new product development. “We are confident that Renewing Cleansing Oil will satisfy the needs of our customers when it comes to gentle, yet effective cleansing.”
The formula contains a unique blend of natural oils that include grape seed, pomegranate seed, sunflower seed oils, olive fruit extract, sweet almond oil and jojoba and licorice extract.