Younique was started in 2012 in the US by siblings Derek Maxfield and Huscroft, with a mission to “uplift, empower and validate” women across the globe. Younique’s innovative makeup and skin care products are sold through its disruptive peer-to-peer e-commerce system. It has approximately 200,000 active presenters and over 4.1 million consumers in 10 countries, including the US, U.K., Canada, Australia, New Zealand, Germany, Mexico, France, Spain and Hong Kong. Younique expects to generate approximately $400 million in net revenues in 2016.
The transaction is expected to close during Coty’s 2017 fiscal third quarter.