The Ledger
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Carlyle Group removed Gregg Renfrew as CEO five months after buyout
“They made the decision in October that I was not capable of running the company, and they decided to remove me as CEO.”
Carlyle Group halted capital funding for Beautycounter in mid-March 2024
“Well, in mid-March of 24, Carlisle made the very difficult decision to move away from funding, continuing to fund the brand.”
Gregg Renfrew sold to private equity to remain CEO and pursue IPO
“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…”