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Skin care brand Philosophy, founded by Cristina Carlino.

* Skin care brand Philosophy, founded by Cristina Carlino, is marking its 16th anniversary. Carlino, who previously level oped Biomedic, a medical skin care company, built Philosophy into an award-winning company with loyal fans who loved the products as much as their often quirky and clever names like Hope in a Jar and Miracle Worker.

In 2010, when Coty Inc. acquired Philosophy from The Carlyle Group, a sale price was not disclosed, but Carlyle was said to be seeking $1 billion for the company, which was expected to have sales of more than $200 million that year.

For Coty, Philosophy would help to further diversify and expand its prestige division, and expand Philosophy on a global level, affording them the opportunity to expand across Asia into countries such as Korea, China and Japan. Domestically; the brand continues to grow its retail relationships. It is currently available at Sephora, QVC, Ulta, Nordstrom, Macy's and Lord cgz.-Taylor, as well as the brand's ecomrnerce site: philosophy.com.

To celebrate its birthday, Philosophy created a limited-edition shower gel called it's philosophy's sweet 1.6, which is scented with cinnamon buns, a perennial customer favorite and one of the company's best-selling shower gel scents.
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Title Annotation:Marketing News
Publication:Household & Personal Products Industry
Date:May 1, 2012
Words:199
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