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philosophy is a North American skin care and cosmetics brand founded in 1996 by Cristina Carlino, acquired by The Carlyle Group in 2007, [1] and later acquired by Coty, Inc. in 2010. [ 2 ] History
Coty is one of the world's largest beauty companies and the largest fragrance company, [4] [5] with $5.3 billion in revenue for the fiscal year 2022. [6] Coty acquired 41 beauty brands from Procter & Gamble in 2016, [7] becoming the global leader in fragrance, the second largest company for hair color and styling products, [8] and the third largest company for color cosmetics. [9]
[5] [6] The site developed philosophy of "skin first, makeup second", [7] promoting a relaxed approach to beauty. [8] It later expanded its product line to include skin serums, masks, shower gel, body lotion, fragrance, lip balms and lipstick. [9] In 2018, Glossier more than doubled its revenue in 2018, adding over 1 million new customers. [10]
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