Introduction
Are you curious about who is behind the success of Rare Beauty? As the beauty industry continues to grow, it’s becoming more and more important to understand the ownership of the brands we love. In this article, we’ll explore the ownership structure of Rare Beauty and discover the people behind the brand’s success.
Inside Rare Beauty: A Closer Look at the Ownership
Rare Beauty is a private company owned by various entities, including its founder, Selena Gomez. The ownership structure consists of different tiers, with Gomez being the majority owner. The company is not publicly traded, so information on its ownership structure is limited.
The Story Behind the Ownership of Rare Beauty
Rare Beauty was founded in 2019 by Selena Gomez with the mission to create makeup products that feel good on the skin. The company started with a small team of stakeholders, including Gomez, her makeup artist, and a few others. As the brand grew, so did its ownership structure.
Who Owns Rare Beauty? Discovering the People Behind the Brand
While Selena Gomez is the majority owner of Rare Beauty, the company also has stakeholders, including private equity firms and other investors. Patrick Starrr, a celebrity makeup artist and social media personality, is also a part-owner of the brand.
As for Gomez herself, she has built a name for herself both as a successful musician and actress before launching Rare Beauty. Her background in Hollywood certainly helped her brand’s success, and her passion for inclusivity and mental health awareness has made Rare Beauty on-trend.
Meet the Owners Behind Rare Beauty’s Success
One of the key players behind Rare Beauty’s success is Selena Gomez, who has not only contributed her name to the brand but has been involved in every step of the product development. Patrick Starrr has also played a significant role in the brand’s success with his expertise in the makeup industry.
Rare Beauty has also brought on powerful private equity firms such as TPG Capital and managed to stay independent from larger conglomerates, allowing the brand to remain focused on its core mission and values.
The Secret Owners of Rare Beauty: Unveiling the Truth
While we know the main players behind Rare Beauty’s ownership, there is always potential for undisclosed investors or stakeholders. However, as the company is not publicly traded, it can choose who has access to this kind of information. Having undisclosed stakeholders can potentially lead to conflicts of interest and impact the company’s direction and decision-making.
Rare Beauty’s Ownership Structure: Breaking it Down
The breakdown of Rare Beauty’s ownership structure is largely undisclosed, with information only available to the company’s board members and stakeholders. However, we do know that Selena Gomez is the majority owner.
Rare Beauty’s independence from larger conglomerates allows the brand to maintain its core values and mission, which could facilitate continued success for the company.
From Concept to Ownership: Tracing Rare Beauty’s Journey
Rare Beauty’s journey began with a core team that was passionate about creating products that feel good on the skin. As the brand grew, private equity firms came onboard, and celebrity makeup artist Patrick Starrr became a part-owner of the brand. Rare Beauty also has a philanthropic aspect, with the Rare Impact Fund pledging to raise $100 million over the next ten years to support mental health services.
Conclusion
The ownership structure of a company can have a significant impact on its success. Rare Beauty’s founder, Selena Gomez, and her team’s dedication to promoting inclusivity and prioritizing the mental health of customers is a large part of the reason for the brand’s success. Their partnership with private equity firms, along with their commitment to staying independent from larger conglomerates, is allowing the brand to maintain its focus on the ethical values that are driving their success. Indeed, Rare Beauty serves as an excellent example of how a brand can be built on strong ownership and a strong ethical foundation.