Latest news with #ColinWalsh
Fashion Network
6 days ago
- Business
- Fashion Network
Procter & Gamble's specialty beauty CEO exits
Procter & Gamble has announced the departure of Colin Walsh from the role of CEO of its specialty beauty division, effective August 1. John Brownlee, currently SVP of North America hair care, will absorb Walsh's duties while retaining his existing responsibilities, according to a WWD report. Walsh took on the role as CEO of specialty beauty, whose brands include haircare brand Ouai, skincare brand Tula, and First Aid Beauty, in June 2023, one year after P&G launched the division in 2022. Prior to that, Walsh served as CEO of Ouai for three years, after serving as CEO of DevaCurl and holding senior leadership roles at L'Oréal-owned Matrix and Redken, respectively. Last year, Walsh co-founded gut health brand, YayDay, alongside his Ryan Lietar, Tula founder Dr. Roshini Raj. 'Being part of the creation and early development of specialty beauty has been a tremendous opportunity and will always be deeply meaningful to me,' said Walsh, in a statement obtained by the U.S. trade publication. 'I'm grateful for everything I've learned during my time with P&G and for the opportunities I've had to impact the growth and direction of this business, and especially coaching and empowering the talented and inspiring teams of specialty beauty.' A P&G veteran with over two decades of experience at the consumer goods giant, Brownlee worked in varied leadership positions across oral care, skin care, and professional hair before overseeing the North America hair care business. The executive played a crucial role in the U.S. company's acquisition of Mielle Organics, joining the firm's other haircare brands -- Herbal Essences, Head & Shoulders, Native and Pantene. The leadership reshuffles comes just weeks after the world's largest consumer goods firm revealed plans to cut 7,000 jobs over the next two years. The firm said it also plans to exit some product categories and brands in certain markets, including some potential divestitures, as part of the broader two-year restructuring plan.
Fashion Network
6 days ago
- Business
- Fashion Network
Procter & Gamble's specialty beauty CEO exits
Procter & Gamble has announced the departure of Colin Walsh from the role of CEO of its specialty beauty division, effective August 1. John Brownlee, currently SVP of North America hair care, will absorb Walsh's duties while retaining his existing responsibilities, according to a WWD report. Walsh took on the role as CEO of specialty beauty, whose brands include haircare brand Ouai, skincare brand Tula, and First Aid Beauty, in June 2023, one year after P&G launched the division in 2022. Prior to that, Walsh served as CEO of Ouai for three years, after serving as CEO of DevaCurl and holding senior leadership roles at L'Oréal-owned Matrix and Redken, respectively. Last year, Walsh co-founded gut health brand, YayDay, alongside his Ryan Lietar, Tula founder Dr. Roshini Raj. 'Being part of the creation and early development of specialty beauty has been a tremendous opportunity and will always be deeply meaningful to me,' said Walsh, in a statement obtained by the U.S. trade publication. 'I'm grateful for everything I've learned during my time with P&G and for the opportunities I've had to impact the growth and direction of this business, and especially coaching and empowering the talented and inspiring teams of specialty beauty.' A P&G veteran with over two decades of experience at the consumer goods giant, Brownlee worked in varied leadership positions across oral care, skin care, and professional hair before overseeing the North America hair care business. The executive played a crucial role in the U.S. company's acquisition of Mielle Organics, joining the firm's other haircare brands -- Herbal Essences, Head & Shoulders, Native and Pantene. The leadership reshuffles comes just weeks after the world's largest consumer goods firm revealed plans to cut 7,000 jobs over the next two years. The firm said it also plans to exit some product categories and brands in certain markets, including some potential divestitures, as part of the broader two-year restructuring plan.
Fashion Network
6 days ago
- Business
- Fashion Network
Procter & Gamble's specialty beauty CEO exits
Procter & Gamble has announced the departure of Colin Walsh from the role of CEO of its specialty beauty division, effective August 1. John Brownlee, currently SVP of North America hair care, will absorb Walsh's duties while retaining his existing responsibilities, according to a WWD report. Walsh took on the role as CEO of specialty beauty, whose brands include haircare brand Ouai, skincare brand Tula, and First Aid Beauty, in June 2023, one year after P&G launched the division in 2022. Prior to that, Walsh served as CEO of Ouai for three years, after serving as CEO of DevaCurl and holding senior leadership roles at L'Oréal-owned Matrix and Redken, respectively. Last year, Walsh co-founded gut health brand, YayDay, alongside his Ryan Lietar, Tula founder Dr. Roshini Raj. 'Being part of the creation and early development of specialty beauty has been a tremendous opportunity and will always be deeply meaningful to me,' said Walsh, in a statement obtained by the U.S. trade publication. 'I'm grateful for everything I've learned during my time with P&G and for the opportunities I've had to impact the growth and direction of this business, and especially coaching and empowering the talented and inspiring teams of specialty beauty.' A P&G veteran with over two decades of experience at the consumer goods giant, Brownlee worked in varied leadership positions across oral care, skin care, and professional hair before overseeing the North America hair care business. The executive played a crucial role in the U.S. company's acquisition of Mielle Organics, joining the firm's other haircare brands -- Herbal Essences, Head & Shoulders, Native and Pantene. The leadership reshuffles comes just weeks after the world's largest consumer goods firm revealed plans to cut 7,000 jobs over the next two years. The firm said it also plans to exit some product categories and brands in certain markets, including some potential divestitures, as part of the broader two-year restructuring plan.
Yahoo
14-06-2025
- Business
- Yahoo
Alpargatas Inks Deal With The Eastman Group For Havaianas In North America
Havaianas owner Alpargatas S.A. is shifting gears in the North American market. The São Paulo-based company disclosed on Friday that it has signed an exclusive distribution agreement for the Havaianas brand of flip-flops for the U.S. and Canada with The Eastman Group. The pair will work together throughout 2025 on a transition process so the new model to have it ready in time for the 2026 season. More from WWD Hailey Bieber's Rhode Earned $20 Million in Media Exposure After E.l.f. Beauty Acquired the Brand for $1 Billion Colin Walsh to Step Down as CEO of P&G's Specialty Beauty Division Design Firm Dexelance Opens China Office to Fuel Expansion The move essentially shifts Alpargatas' operating model from direct operation to distribution. Alpargatas will remain focused on brand building, 'strengthening Havaianas brand power while focusing in portfolio assertiveness and brand competitiveness, aligned with Havaianas brand positioning and global strategy,' it said. The agreement includes an initial term of four years, and does not 'foresee any initial cash outflow for any party.' The terms of the agreement allow for an extension, either when certain metrics are met or by mutual agreement. The Eastman Group has operated in the U.S. market since 1939, and has a relevant presence in the footwear, apparel and lifestyle categories. It has U.S. distribution centers on both coasts, and relationships with major retailers across different distribution channels. Eastman counts over 30 distributed or licensed brands within its portfolio base. Alpargatas said the strategic partnership provides it with cost efficiency as it relies on a leaner local structure, In addition, it leverages the firm's presence in strategic channels via the expansion of the distribution network. Pedro Baptista, equity analyst for apparel, footwear and textiles in Latin America at Jefferies, has a 'buy' rating on shares of Alpargatas. He said North America accounted for 4 percent of group revenues and 16 percent of international in 2024. He described that deal with Eastman as a 'key strategic step' in North America. 'Alpargatas has historically been profitable in Europe, but the U.S. direct distribution model failed,' the analyst wrote in a research note. He said the new partnership is the step in the right direction, and that it could potentially lead to a licensing model. Eastman's portfolio of brands include Hurley, Eddie Bauer, Chaps, and Treton. Alpargatas also owns a 49 percent stake in Rothy's. Baptista noted that Brazilian firm has a call option to acquire the additional Rothy shares in 2025. In March, Gigi Hadid was named Havaianas' global brand ambassador. Havaianas' last celebrity partnership was a collaboration in 2023 with 'Euphoria' actress Barbie Ferreira, inspired by vintage Rio de Janeiro interior design and her Brazilian roots. And last month, Dolce & Gabbana and Havaianas launched an exclusive capsule that redefined the flip-flop with luxe details for summer. Best of WWD All the Retailers That Nike Left and Then Went Back Mikey Madison's Elegant Red Carpet Shoe Style [PHOTOS] Julia Fox's Sleekest and Boldest Shoe Looks Over the Years [Photos]
Yahoo
10-05-2025
- Business
- Yahoo
ICG Enterprise Trust PLC (LSE:ICGT) Full Year 2025 Earnings Call Highlights: Strong Returns ...
Release Date: May 08, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. ICG Enterprise Trust PLC (LSE:ICGT) recorded a NEV per share total return of 10.5% and a share price total return of 12.5% for the year ending January 2025. The company has a strong track record, with a NEV per share total return of 97% and a share price total return of 59% over the past five years. ICG Enterprise Trust PLC is featured on the AIC's list of ISA millionaires, highlighting its long-term consistent returns. The portfolio consists of resilient private companies with 11.2% revenue growth and 15.3% LTM EBITDA growth, outperforming the FTSE all-share earnings growth. The company returned 59 million pounds to shareholders through dividends and buybacks, equivalent to 5% of opening NEV, demonstrating a shareholder-focused capital allocation strategy. The macroeconomic and geopolitical uncertainty has increased, posing potential risks to future performance. Realizations were below the long-term trend as a percentage of NAV, reflecting a broader trend in global M&A volumes. The investment climate has been challenging, with slower turning of the investment life cycle compared to previous years. The portfolio's net debt multiple decreased slightly to 4.4X, while the EV/EBITDA multiple rose to 15.2X, which may indicate increased valuation risks. The company executed a secondary sale at a 5.5% discount, which, although lower than the share price discount, still reflects a reduction in asset value. Warning! GuruFocus has detected 4 Warning Signs with LSE:ICGT. Q: Can you elaborate on the performance of ICG Enterprise Trust over the past year? A: Oliver Gardy, the presenter, highlighted that ICG Enterprise Trust recorded an NEV per share total return of 10.5% and a share price total return of 12.5% for the year ending January 31, 2025. The portfolio companies showed resilience despite macroeconomic uncertainties, and over the past five years, the NEV per share total return was 97%, with a share price total return of 59%. Q: What is the investment strategy of ICG Enterprise Trust? A: The strategy focuses on investing in profitable, cash-generative private companies in North America and Europe, aiming for resilient growth. The trust invests only in buyouts, avoiding venture capital or growth equity, and targets developed markets. It emphasizes mid-market and larger deals, focusing on top-tier managers and resilient sectors. Q: How did the trust's portfolio perform in terms of revenue and EBITDA growth? A: Colin Walsh reported that the portfolio companies recorded 11.2% revenue growth and 15.3% LTM EBITDA growth, outperforming the broader market. The net debt multiple decreased slightly to 4.4x, while the EV/EBITDA multiple rose to 15.2x, reflecting the quality of the portfolio. Q: What were the key investment activities during the fiscal year? A: The trust made 83 million in new fund commitments, including a significant commitment to ICG Strategic Equity 5. It invested 181 million, with Audiotonics being the largest investment. The trust also realized 151 million from exits, with Minimax being a notable exit post-period end. Q: How does ICG Enterprise Trust approach capital allocation and shareholder returns? A: The trust returned 59 million to shareholders through dividends and buybacks, equivalent to 5% of opening NEV. The ordinary dividend per share has increased for 12 consecutive years, and the trust has been active in share buybacks, enhancing NEV per share and reducing share price volatility. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
