Beautycounter

“We came in because TPG Growth was our first, you know, largest institutional investor. They had a relationship with Bono. Bono and his wife, Allie Houston, had started a brand called Nude. They were actually early pioneers in the area of clean, and that's how …”

“So I ended up having to let go of the majority of the associates for the company without severance or health insurance, which was horrendous.”

“We scaled to hundreds of millions of dollars of sales in, in eight years.”

“The debt on the business was syndicated. Led by Bank of America and G.P. Morgan Chase, and I can't remember the other banks that were involved because I didn't interact with them, but in a crazy act of, I would almost say of kindness, Bank of America approache…”

“We had attributes of an MLM business in that we allowed women to build teams, and in tiny, tiny percentage of the women, like less than five percent Built teams.”

“So I acquired the assets of the business out of foreclosure in April of 2024.”

“They made the decision in October that I was not capable of running the company, and they decided to remove me as CEO.”

“Well, in mid-March of 24, Carlisle made the very difficult decision to move away from funding, continuing to fund the brand.”

“My opinion is you go to the company that specializes in the thing that you want to make, and so the company that's really good at doing a lipstick or a lip gloss may not be the company that's really good at doing shampoo and body wash or lotions, and also I th…”

“When I sold the company, there were about 60,000 women that were representing the brand”

“I felt better with his departure than I did with him staying there. So for me, I didn't feel that he was the right person for the job, and I felt more confident in the choice they made in their interim CEO, Mindy McKenzie, with whom I partnered really, really …”

“And the reason that I chose to sell to a financial sponsor versus a strategic, because I had been Approached by a strategic two years prior, which is why... I felt like I wanted to be that next generation leader in beauty, and I wanted to take the company publ…”

“So if there was any order that came into our website over a thousand dollars, we would flag it because not only did we not want people spending money and losing money, but we also wanted to control the brand experience. And so I didn't want someone selling a b…”