According to reports, Merit Beauty, the clean beauty brand, is said to be exploring the possibility of a sale and has enlisted the services of Goldman Sachs for this purpose. While Merit has chosen not to provide a comment on the matter, industry sources have revealed that the company’s net revenues surpassed $100 million in the previous year.
The decision to seek a potential sale indicates that Merit Beauty is considering strategic options to further advance its position in the beauty industry. Collaborating with Goldman Sachs, a reputable financial institution, suggests that the brand is serious about exploring opportunities that can accelerate its growth and unlock its full potential.
With net revenues exceeding the $100 million mark, Merit Beauty has demonstrated its ability to generate substantial sales and capture a significant market share. This achievement showcases the brand’s appeal among consumers and its ability to deliver products that resonate with their needs and preferences.
In 2021, Merit had reportedly received $20 million in Series A funding led by L Catterton, a private equity firm owned by French luxury giant LVMH, and Courtney Nelson, vice president of L Catterton, joined the brand’s board of directors.
Also, Clean Beauty brand Kosas, which has previously hired investment bank North Point to explore sale options, is reportedly on track to exceed $120 million this year after net sales are expected to be in the $75 million range.
