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Stamford, CT www.pdcbeauty.com Sales: $606 million (estimated)
Stamford, CT www.pdcbeauty.com
Sales: $606 million (estimated)
In February, PDC brand Cantu Beauty and 25 Black Women in Beauty revealed the winners of the Cantu Elevate beauty accelerator. Those tapped—Alicia Scott of Range Beauty, Arah Sims of Kyutee Nails, and Tomi Alisha of NaturAll Club—were chosen out of more than 60 women-led beauty businesses to receive a Cantu-sponsored campaign valued at $160,000.
“With black entrepreneurs, especially women, starting businesses at a higher rate we wanted to provide a catalyst for these businesses to succeed,” said Dametria Mustin, vice president of global marketing at Cantu Beauty. “After learning more about these amazing women-led businesses, I’m inspired by what they were able to take away from the experience to help navigate the shifts taking place in the beauty industry.”
PDC has created Global PDC DEI (Diversity, Equity, and Inclusion) council to oversee internal and external initiatives. The charter members are from all around the world and represent different functional areas and levels with diverse backgrounds, according to the company.
Sales: $270 million (estimated).
In March, John F. Owen joined the company as chief financial officer. He was most recently CFO at Beam Suntory, a beverage business acquired by Suntory Holdings Limited in 2014. Prior to this role, he served as senior vice president, chief supply chain officer for more than two years. Before joining Beam Suntory, Owen spent the majority of his career at Avon Products Inc., where he served in a variety of US and overseas roles, including CFO of North America, group VP-global finance, and president, EMEA regions.
A year ago, PDC Brands was sold for more than $1.4 billion by Boston private equity firm Yellow Wood Partners to CVC Capital Partners.
With the backing of private-equity, first Yellow Wood and now, CVC, the company generates 25% of sales outside the US in 60 countries. In an interview earlier this year with the Stamford Advocate, CEO James Stammer said the company will continue to pursue accretive acquisitions if they are No. 1 or No. 2 in their category.
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