The Ledger
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Five major multinational conglomerates own nearly all major American whiskey brands
“The Diageos, the Sazeracs, LVMH. Absolutely. They, you have essentially five that own Everything.”
Hastings: Netflix raised $50 million from LVMH in February 2000
“So we closed that round of them investing fifty million. I don't remember the valuation, but it was a good valuation. And that was February of 2000, and then March of 2000 is when the bubble broke.”
LVMH divested most beauty businesses after 2001, selling Bliss to Starwood
“So LVMH, after 2001 they started to divest of most of their beauty businesses, and we were one of the first ones to get snapped up by another business. So Starwood Hotels and Resorts bought us because they wanted to have bliss bars, and they wanted to put thos…”
Late 1990s beauty conglomerates shifted to acquiring startups over building brands
“It was a hot time for beauty companies. So, retrospectively there were a lot of cool new companies starting, and a lot of interest in those companies from the big beauty conglomerates. They were starting to buy up smaller players rather than, you know, trying …”
Starwood Hotels acquired Bliss to integrate spas into W Hotel properties
“So LVMH, after 2001 they started to divest of most of their beauty businesses. And we were one of the first ones to get snapped up by another business. So Starwood Hotels and Resorts bought us because they wanted to have bliss bars, and they wanted to put thos…”