Adore Beauty’s valuation raises eyebrows ahead of IPO

Quadrant has agreed not to sell more shares until the company releases its FY 2021 results.

Adore’s founders Kate Morris and James Height will earn $45.9 million each by selling 40 per cent of their holdings. Their individual stakes will fall from 19.3 per cent to 10.8 per cent each.

The founders’ remaining shareholdings will also be escrowed to prevent further sales, but for unspecified time periods.

Quadrant bought its 60 per cent stake in September 2019, leading some professional investors to ask why it has only waited just over a year to sell its ownership interest. The likely answer being that Quadrant believes now is a good time, given soaring e-commerce valuations.

On the plus side, Adore will still be led by its founders over the long term, with most great growth businesses on the sharemarket led by founders.

E-commerce star

On face value, Adore looks a retail star

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Ulta Beauty’s 2020 Gorgeous Hair Event Means 50% Off Your Favorite Hair Products

Ulta Beauty is the store that keeps on giving. It seems like every month or so, the beauty chain is offering another massive sale on a slew of cult-favorite skin, makeup, and hair care products — and this October is no different. Running now through Oct. 24, Ulta Beauty’s 2020 Gorgeous Hair Event means you can get your favorite hair tools, styling, and care products for 50% off on Ulta’s website.

You may or may not know how this rodeo goes, but to recap, Ulta Beauty offers different deals every day, so you can fill your calendar with a bunch of steals. Whether you’re looking to try out a new hair color, give your hair some TLC, or just explore some new products, there are a tone of ways to indulge in Ulta Beauty’s Gorgeous Hair Event. After all, it only happens twice a year.

If you don’t feel like

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Will Beauty’s Tiktok Love Affair Last? | The Business of Beauty, BoF Professional

NEW YORK, United States — In Piper Sandler’s semi-annual survey of 9,000 American teenagers, the same stable of acne fighters typically dominate the ranking of the most popular beauty products.

But in the fall 2020 edition, released earlier this week, some new brands jumped into the top tier, including budget-cleanser CeraVe, which leapt to first place in the skin category from 10th place last year. The Ordinary entered the list for the first time in fourth place. What these brands — as well as others like E.l.f., which also saw big gains — have in common is that at some point during the pandemic, they had gone viral on TikTok.

“Anything that touches TikTok turns to gold,” said Erinn Murphy, managing director and senior research analyst at Piper Sandler. “At least for a moment.”

TikTok has officially hit the beauty mainstream, surpassing Instagram as the second-most popular social media app

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KNC School of Beauty’s New Course Helps Aspiring Beauty Entrepreneurs

Kristen Nicole Crawley’s KNC School of Beauty is officially back in session. After launching earlier this year, the educational program is back for a second semester and teaming up with Revlon to give small business grants.

As a part of its continued effort to promote opportunities within the Black community, KNC School of Beauty participants will have the chance to host an Instagram takeover on Revlon’s page to promote their brand, win the chance to attend Revlon’s virtual Diversity Roundtable this fall, have the opportunity to have their work featured on KNC Beauty’s Instagram page, and win $10,000 to help start or grow their business. The program is a game-changing one that has the potential to change the lives of future beauty entrepreneurs.

The second of the four-semester tuition-free program will not only cover entrepreneurship but will also have a personalized touch featuring a long forum allowing for questions and

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Hipages expected to follow Adore Beauty’s lead for lower risk IPO

It is understood Hipages will look to raise $40 million through an issue of new shares for its IPO, while a shareholder selldown would account for another $50 million to $70 million.

The amount of the selldown depends on how much Hipages’ existing shareholders – including News Corporation’s News Pty Ltd, fund manager Ellerston Capital and venture capital firm Right Click Capital – sell into the transaction, which is yet to be determined.

GS says Hipages worth up to $370m

Sources said News Corp – which owns about 30 per cent of the business – was unlikely to be a big seller, while Right Click wanted to offload some of its stake.

Funds raised would help Hipages pay off $12 million in venture debt and help the company invest in its brand and products. The 200-person Hipages helps tradespeople generate business leads through an online marketplace but wants to expand

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Victoria Beckham Beauty’s Posh Lipstick is here

It seems like a lifetime ago that Victoria Beckham was known simply as Posh. Now a revered designer at the helm of British Fashion Award-winning brand (just in case you still considered her collection a ‘celeb’ line), Beckham couldn’t be further removed from her previous life as one fifth of the world’s most adored girl band.

But the latest addition to her burgeoning Victoria Beckham Beauty line makes a nostalgic nod to that Nineties past. Beckham’s collection of Posh lipsticks, launching today, is an ode to the Spice Girl’s signature pale-nude lip.

Victoria Beckham Beauty

Posh Lipstick £34

Victoria Beckham Beauty
victoriabeckhambeauty.com

The nine-strong collection is designed to offer the perfect nude – whether that, for you, means the palest baby-pink or a rich, chocolatey brown. There’s one odd one out, too: the perfect postbox red that’s neither too blue or too orange in undertone, meaning it pops on every

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Sally Beauty’s (SBH) La Maison Ami-Co Buyout to Boost Growth

Sally Beauty Holdings, Inc. SBH is focused on expanding its business in the Canadian region. In this context, the company’s subsidiary Beauty Systems Group (BSG) acquired La Maison Ami-Co Inc. — a professional beauty products distributor in the Canadian province of Quebec.

Per the deal, Sally Beauty will acquire 10 La Maison Ami-Co stores. Also, this transaction will add 17 direct sales consultants and exclusive distribution rights to leading professional hair color and hair care brands like Wella Professional, Oribé and Goldwell across Quebec.

Sally Beauty expects the deal to augment its business in Quebec along with increasing the reach of BSG’s professional beauty products in its Chalut store network as well as full-service business. Notably, Sally Beauty’s BSG had acquired certain H. ChalutLtée assets in December 2017, enabling it to expand its business for the first time in Quebec province, giving BSG a footprint in Canada.


 

Well, Sally Beauty

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Ulta Beauty’s Focus on Domestic Market Growth Likely to Aid

Ulta Beauty, Inc. ULTA has created a strong niche for its products and services in the market on the back of robust growth strategies and efforts to enhance customers’ experiences. To this end, the company’s focus on strengthening the omnichannel business through store and online expansions surely counts. Incidentally, the beauty retailer recently notified that it has identified solid investment options to aid growth in its domestic market, which include expansion of omnichannel capacity, enhanced guest experience, elevated loyalty and personalization endeavors, new store openings and market share gains in core merchandising categories.

The company also stated that it is suspending its planned expansion in Canada, as part of its efforts to prioritize the advancement of its domestic operations amid the pandemic-led scenario. Management expects to incur costs of about $55-$65 million due to its suspension decision, most of which are expected to show up in fiscal 2020.

Concurrently, the

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How to Get Glowing Skin for Fall, Courtesy of Dior Beauty’s Joanna Czech | W Magazine

“Respect, support, and protect.”

Joanna Czech’s skin mantra may appear simplistic, but under those fundamental tenets lies a detailed, scientific approach to skincare that she’s put to use for her clients across the globe for 35 years. On the subject of skin treatments and beauty products, Czech is unapologetic about prizing clinical efficacy over hype. “I don’t believe in trends—I believe in ingredients,” she says. “I prefer brands that have years of scientific research over things that were whipped up in grandma’s basement.”

It is precisely that plainspoken directness that has helped the skin expert and Dior Beauty ambassador earn not just widespread loyalty from her clients, but credibility. When she’s not toning and tending to the faces in her New York and Dallas spas, Czech is perfecting the complexions of Christy Turlington, Uma Thurman, Kate Winslet, and Kim Kardashian. 

We asked Czech to guide us on the essential skin

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