Philosophy
This article was originally published in The Rose Sheet
Executive Summary
Upcoming expansion in markets outside U.S. expected to generate 50% sales gain in 2002, co-founder David Watson says. Currently available in 100 U.S. department and specialty store doors, brand generates annual sales of approximately $30 mil., according to exec. Philosophy skin care, hair care and fragrances are sold in retailers such as Sephora, Nordstrom and Saks, as well as home shopping channel QVC. Phoenix, Ariz.-based Philosophy is sister company of BioMedic skin care business for physicians, which is being sold to L'Oreal by Watson and co-owner Cristina Carlino (1see story, p. 6)
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