The Carlyle Group

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Company Headquarters

1001 Pennsylvania Avenue Northwest, Washington, DC 20004, United States

Driving Directions

Brand Description

Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit and Global Investment Solutions. With $381 billion of assets under management as of March 31, 2023, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. Carlyle employs more than 2,200 people in 29 offices across five continents.

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Key Personnel

NAME
JOB TITLE
  • Gerry Chesser
    CEO, Every Man Jack

Yearly results

Sales: 445 Million

Beautycounter is no longer in the Carlyle coffers. In January, Founder Gregg Renfrew came back to serve as CEO of the company. In April, she bought back Beautycounter from The Carlyle Group, which had acquired a majority share of the brand in 2021.

More pruning took place last month when Carlyle agreed to sell 100% of Tokiwa Cosmetics Group (collectively with Tokiwa Corporation and its subsidiaries, Tokiwa a global cosmetics research, development and manufacturing company) to Nihon Kolmar Holdings (collectively with TOA Inc., its 100% subsidiary, TOA Group), Japan’s largest cosmetics ODM/OEM manufacturer. Terms of the transaction were not disclosed.

In January 2024, Every Man Jack was certified a Great Place To Work. The award is based entirely on the feedback of the brand’s team and what they say about their experience working at Every Man Jack. This year, 92% of Every Man Jack employees said it’s a great place to work—35 points higher than the average US company.

Every Man Jack, a certified B Corp., has 70-plus full-time employees working in a hybrid remote and in-office schedule. One company perk is Every Man Jack University, the brand’s internal continuous learning program dedicated to honing professional skills. All employees can attend.

Sales: 684 Million

Sales: $684 million


Beautycounter is looking for a new CEO.

Carlyle is the investment giant behind clean beauty pioneer Beautycounter and men’s grooming company Every Man Jack. Earlier this year, it acquired a stake in Indian beauty and wellness company VLCC. Founded in 1989 by Vandana and Mukesh Luthra, VLCC operates in skin care, beauty and wellness with an integrated offering of branded skin care products and high-end specialized beauty and wellness services. VLCC sells products in physical retail and digital channels and it has a network of clinics in tier-one and tier-two Indian cities. The company is currently a market leader in India for facial kits and has an extensive product portfolio across skincare and sun care products.

VLCC also provides aesthetic dermal treatments and weight management services through retail clinics in 11 countries in South Asia, the Middle East and Africa. In addition, it operates 100 educational institutes in India, making it one of the largest providers of vocational training in the beauty and wellness sector in the country.

Carlyle is also interested in the production side of the beauty business. In 2022 it acquired HCP Packaging. Carlyle’s investments also include Japanese cosmetics contact manufacturer Tokiwa Corporation.

The company’s highest profile beauty brand, Beautycounter, is looking for a new CEO. In late May, Carlyle board member Mindy Mackenzie took over as interim CEO for Marc Rey, who was in the post for about one year. Mackenzie was most recently a partner and chief performance officer at Carlyle. She has held posts at McKinsey,  Jim Beam, Walmart and Campbell Soup.

Sales: 684 Million

Sales: $684 million

The Carlyle Group owns Beautycounter and Every Man Jack. Beautycounter has experienced a rapid rise since it was founded in 2011, including its most recent $1 billion valuation as part of its partnership with Carlyle, announced in April 2021. This decision further positions Beautycounter for continued expansion in the clean beauty category.

There is a new leader at the helm for Beautycounter this year as well. Beauty industry veteran Marc Rey joined Beautycounter as its new CEO after most recently serving as CEO and global chief growth officer of Shiseido Americas. Prior to joining Shiseido in 2015, he was senior vice president of Coty North America and president of IDC at L’Oréal USA.

Founder Gregg Renfrew will also grow within the company that she founded as executive chair and chief brand officer. In her new role, Renfrew will expand her work on areas that remain critical to Beautycounter’s mission—and to the industry overall—including community engagement and empowerment, brand innovation and awareness, and social mission and advocacy.  At press time, the company is 57% of the way to its goal of 100% recycled, recyclable, refillable reused or compostable packaging by 2025.

Carlyle is a global investment firm that deploys private capital across three business segments: global private equity, global credit and global investment solutions.


Beautycounter’s Cheeky Clean Cream Blush is sustainable with refillable packaging.

 

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