Skin care brand Philosophy, founded by Cristina Carlino.
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|
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