Beauty & Money 2018
Written By: Madeline Rosene
LEFAIR Magazine is excited to announce our media partnership with the Beauty & Money Summit LA ! Top independent beauty brands will connect with financial buyers on April 19th at the SLS Hotel in Beverly Hills.
If you like beauty and money as much as we do, you won’t want to miss this conference. Over 1,000 one-to-one private meetings were requested at the New York summit by industry leading companies including L’Oreal, Coty, Unilever Ventures, Tengram Capital Partners, Financo, Moelis, Scent Bird, Pulp Riot, and many more.
Why go?
This is THE networking event for beauty industry professionals this spring! Independent beauty brands have the opportunity to present to investors as part of the Beauty Spotlight, where 12 companies are given the chance to present their businesses on the main stage of the Summit, introducing themselves to many potential investors. Stephanie Jaczniakowska-McGirr, Conference Director for the Beauty & Money Summit Los Angeles said: “I am really pleased to be bringing the Beauty & Money Summit to Los Angeles. We understand the West Coast has many independent beauty brands who can benefit from showcasing themselves to the investors that will be attending the Summit.”
What makes the Beauty and Money Summit so special?
The Summit is the only dedicated event connecting independent beauty brands with strategic buyers and financial buyers. The Summit comes at a good time as the beauty industry is experiencing substantial mergers and acquisitions (M&A) activity and it is forecast that global cosmetic sales are set to reach $675 billion by 2020. There have been more M&A transactions at valuations over 4x revenue in the last 18 months than in the previous 15 years combined. Rich Gersten, Partner, Tengram Capital Partners said:
“The Beauty & Money Summit is a great event to bring together capital sources and companies seeking capital. The ability to meet so many interesting brands in a short time period is so efficient.”
Within the past six years, Tengram Capital Partners have invested in eight brands and within the last three years they have bought and sold three brands including Laura Geller, Deva Curl, and Nest Fragrance. Currently, they own “Algenist, a retail store cosbar, a luxury brand called Revive…and a fifth one we can’t disclose yet.” He also stated “At the end of the day, we’re looking for brands that have not been optimized to their full potential.”
Nannette de Gaspe was one out of 12 spotlight award winners with her brand Nannette de Gaspe which brought skincare to a new level. She created a dry mask that activates once combined with the pH of your skin and a light massage. It also improves wrinkles as well as pigmentation. Nannette says “We launched at Collette in Paris in July and a Vogue US writer wrote about us. We launched at Barney’s in September and then Net-A-Porter. We are disruptive and innovative.” Her spotlight experience at Beauty & Money has allowed Nannette’s brand to prosper which makes it possible for her to help other women entrepreneurs. She says, “It took me until I was in my 40’s to live on my terms. I would like to see women at a younger age live on their terms. I used to let my fear hold me back.”
Independent beauty brands will also enjoy the chance to benefit from a half-day workshop proceeding the main Summit. Sessions at the workshop include:
· What to look for in an investor
· Most appropriate investor at each stage of growth
· Different deal structures and how not to get a bad deal
· Pitching do’s and don’ts
· What investors are looking for in a brand
If you’d like to attend the Beauty & Money Summit LA, you can register now by going to their website here . Save up to $400 by booking ahead of the early bird deadline of February 16th, 2018.
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