Castanea Partners acquires majority stake in Urban Decay
NEWTON, Mass. Private equity firm Castanea Partners has acquired a majority stake in cosmetics brand Urban Decay, whose products are sold primarily through such specialty beauty retailers as Sephora, Ulta and higher-end department stores.
Financial terms of the acquisition from The Falic Group were not disclosed.
“Urban Decay is a great example of the types of entrepreneurial, growth-oriented businesses we seek to invest in at Castanea Partners,” stated Brian Knez, co-managing partner of Castanea Partners.
Founded in 1996, Urban Decay has more than 300 color cosmetic SKUs in all major cosmetic categories with its largest category in eye products.
Castanea stated that it will support the company as it continues to strengthen the brand, broaden its existing product line and expand into new markets. Tim Warner, Wende Zomnir and Eric Jimenez will continue in their current role as GM, co-founder and executive creative director, and worldwide retail director and international make-up artist, respectively.
Tyra Banks Show features ‘Best of Beauty’ giveaway
NEW YORK The Tyra Banks Show is once again featuring its “Best of Beauty” prize giveaway, which includes a wide array of beauty products from such brands as CoverGirl, Goody and ThermaClear.
In the “Best of Beauty” giveaway, eight prized packages valued at $4,000 each will be awarded to contestants who complete an online entry by March 31. To register, beauty mavens can visit www.tyrashow.com.
“A generation of young women is tuned in to Tyra’s beauty and lifestyle advice,” stated Sandra Lawrence, president and CEO of Therative, which makes the ThermaClear device for the treatment of mild to moderate acne. “We’re proud that ThermaClear was selected as a top product to feature in this blockbuster prize giveaway.”
ThermaClear, which is FDA-cleared and clinically proven to clear pimples in as little as 24 hours, uses targeted heat to attack acne at its source.
According to the company, the device does not cause drying, irritation or skin hyper pigmentation. It is safe on all skin types and tones.
The giveaway also includes, but is not limited to: CoverGirl WetSlicks Fruit Spritzers in Guava Splash, CoverGirl Professional Natural Lash Mascara, Goody Ouchless Thick Elastics for hair, PedEgg and Bare Escentuals Rocker Eye and Foil Eye kits.
Revlon set to kick off annual run/walk May 2
NEW YORK The 12th Annual EIF Revlon Run/Walk For Women to be held in May will kick off with an all-star show in Times Square that will feature a celebrity host and special guests.
Jimmy Fallon, a Saturday Night Live veteran and the new host of NBC’s Late Night, will host the 2009 opening ceremonies the morning of May 2.
Revlon has also welcomed back from the 2003 Run/Walk, Oscar nominee for A Beautiful Mind and Revlon brand ambassador, Jennifer Connelly. This year’s event will also feature Revlon brand ambassador and actress Jessica Alba from the Fantastic Four series.
Created in 1993 through the committed and efforts of the Entertainment Industry Foundation, Lilly Tartikoff, Revlon chairman Ronald O. Perelman and Rehage Entertainment, the EIF Revlon Run/Walk For Women has grown to become one of the nation’s largest 5K fundraising events. To date, the Run/Walks (LA/NY) have distributed nearly $55 million for cancer research, treatment, counseling and outreach programs.