The Beauty Industry Sees Shift in Founder Ownership
Huda Beauty has announced the sale of its fragrance brand KAYALI to co-founder Mona Kattan and private equity firm General Atlantic. Founded in 2018 by Huda Kattan and her sisters, Huda Beauty has gained significant social media traction, positioning itself ahead of competitors in the beauty industry. The restructuring aims to restore full founder ownership and maintain KAYALI's independence under Kattan's leadership.
- This move may signal a growing trend among beauty companies where founders are reclaiming control from outside investors, potentially paving the way for more agile decision-making and innovation.
- Will this shift towards founder-led companies lead to increased competition in the beauty market, or will it result in more stable and sustainable business models?