New prestige beauty company comes on strong.
There's a new beauty contender in town. Glansaol (pronounced Glan-Sale which means "pure life" in the Irish language) is a new prestige beauty and personal care company, founded through a partnership between Alan T. Ennis, a beauty industry veteran and former president and chief executive officer of Revlon Inc., and Warburg Pincus, a global private equity firm focused on growth investing. In December, the entity signed agreements to acquire three brands--Laura Geller, Julep and Clarks Botanicals.
"Our objective is to build Glansaol into a world-class, global beauty and personal care company by acquiring, integrating, and growing a portfolio of premium, complementary brands, managed by a team of seasoned executives," said Ennis, president and CEO of Glansaol.
According to Glansaol, the first three acquisitions were hand-selected due to their "inspirational founders, high quality products and unique position within the marketplace."
Caption: Alan T. Ennis, former president and CEO of Revlon, brings together a trio of acquisitions.
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|Title Annotation:||beauty buzz|
|Date:||Jan 1, 2017|
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