People In Brief
This article was originally published in The Rose Sheet
Executive Summary
Ulta’s Chuck Rubin leaves his position as the retailer’s CEO; Patriarch Partners appoints leadership for Stila Cosmetics and Jane Cosmetics. More people news.
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People In Brief
The White House and the beauty industry swap communications personnel. More people news.
Turnaround Specialist Patriarch Partners Comes To Rescue Of Stila Cosmetics
Cosmetics brand Stila has been purchased for an undisclosed sum by private equity firm Patriarch Partners, which "concentrates on direct investments in distressed businesses," according to its Web site
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A National Advertising Division review of claims by LVMH-owned Fenty Skin determined makeup- and dirt-removal representations were substantiated by a study and subject questionnaire, but demo videos from paid endorsers must include disclosures about material connections in accordance with FTC guidelines.