CARRARA advisory

Bridal Fashion: Where Emotion Meets Billion-Dollar Business The wedding dress market is more than just fashion - it’s an emotionally charged, multi-billion-dollar industry that continues to evolve with shifting consumer preferences, technological advancements, and cultural changes. With the global market for bridal dress valued at about $60 billion, the industry is defined by exclusivity, craftsmanship, and the deep emotional connection brides have with their gowns. Luxury brands like Vera Wang, Oscar de la Renta, Elie Saab, and Zuhair Murad set the standard with exquisite designs priced at $7,500 to $12,000, catering to brides seeking high-end couture. Meanwhile, mid-tier brands like Monique Lhuillier and Carolina Herrera strike a balance between elegance and affordability, and mass-market players such as David’s Bridal and Pronovias dominate the accessible segment with stylish options under $1,500. Beyond traditional players, niche brands are disrupting the market - eco-conscious companies like Reformation and BHLDN embrace sustainable practices, while rental and resale platforms such as Rent the Runway and Stillwhite reflect changing consumer values toward affordability and sustainability. As the industry adapts to new business models, digital innovation, and shifting bridal trends, where do you see the next big opportunity in the wedding dress market? Discover more in our latest blogpost at https://lnkd.in/ehBqg-SY #WeddingDressMarket #BridalFashion #LuxuryBridal #RetailTrends #SustainableFashion

Product Performance: The Cornerstone of Beauty Success! In today’s beauty industry, trends come and go, but one thing remains constant: a product that doesn’t perform will never build lasting momentum. 🎙️ In the latest episode from Growth, Brands and More by Filiberto Amati, Vincenzo Carrara, Founder of CARRARA Advisory and a veteran of the cosmetics and fragrances industry, shares his insights into the evolving beauty landscape. From navigating consumer behavior shifts to understanding the intersection of wellness, technology, and personal care - this episode is a must-listen for anyone passionate about the future of beauty. Explore: ✔️ The balance between trends and true performance ✔️ The limits of influencer marketing in driving sustained growth ✔️ How sustainability and new product formats are shaping the industry 🎧 Tune in now to hear Vincenzo’s perspective on how brands can stay ahead in this dynamic industry. 🔗 https://lnkd.in/dYadxUS7 #BeautyIndustry #Fragrance #Innovation #ConsumerTrends #Sustainability #CARRARAAdvisory  #BrandStrategy #ProductInnovation 

Last week, we had the privilege of participating in Cosmoprof Worldwide Bologna , one of the most prestigious events in the global beauty and cosmetics industry. It was an inspiring experience to witness firsthand the dynamism of this ever-evolving sector - from groundbreaking innovations to the emergence of bold new brands redefining beauty standards. At the heart of our journey was our collaboration with TOSLA , a true leader in the research, development, and manufacturing of high-performing liquid nutricosmetic products tailored for premium beauty and wellness brands. TOSLA’s commitment to quality, innovation, and sustainability shone brightly throughout the fair, as they showcased their cutting-edge solutions designed to meet the demands of modern consumers seeking holistic wellness and beauty-from-within products. Their expertise in developing tailored formulations and their ability to partner with brands at every stage of growth made them stand out among the crowd. The event provided us with invaluable opportunities to connect with numerous potential partners who share our vision for driving meaningful impact in the beauty and wellness industries. We were particularly struck by the diversity of trends on display all reflecting the industry's rapid evolution and responsiveness to consumer needs. Beyond celebrating successes, Cosmoprof also offered the opportunity of fostering partnerships that blend innovation with trust, highlighted the growing demand for transparency and science-backed efficacy in product development, and the power of storytelling to create emotional connections between brands and consumers. We are deeply grateful to TOSLA for including us in this remarkable experience. Your dedication to excellence and your forward-thinking approach inspire us daily, and we look forward to continuing this partnership in shaping the future of the beauty and wellness landscape. Thanks to the entire team Primoz Artac, Uroš Gotar, David Carvalho, Ruben Kosuta, Patricija Bajc, Monika Jesenko, Marko Kete, Dolores Hartig ! To everyone we met at Cosmoprof - thank you for the insightful conversations and shared enthusiasm. Here’s to pushing boundaries, embracing change, and building a brighter, more innovative future together. #Cosmoprof2023 #BeautyIndustry #Innovation #Partnership #TOSLA #CarraraAdvisory #Nutricosmetics #LiquidSupplements Vincenzo Carrara

𝗧𝗮𝘅 𝗢𝗽𝘁𝗶𝗺𝗶𝘇𝗮𝘁𝗶𝗼𝗻 𝗳𝗼𝗿 𝗬𝗼𝘂𝗿 𝗟𝗟𝗖: 𝗪𝗵𝗶𝗰𝗵 𝗖𝗼𝘂𝗻𝘁𝗿𝘆 𝗪𝗼𝗿𝗸𝘀 𝗕𝗲𝘀𝘁 𝗳𝗼𝗿 𝗬𝗼𝘂? When structuring your LLC, the choice of jurisdiction can profoundly impact your financial outcomes, particularly when balancing net personal income against corporate tax efficiency. The ideal location minimizes your total tax burden while maximizing take-home pay, even as revenue requirements vary. To unpack this, we analyzed six European countries - Switzerland, Luxembourg, the Netherlands, Italy, the UK, and France - focusing on salary taxes, dividend taxes, social security contributions, corporate tax rates, and the interplay between these factors. This exercise assumes that a person establishes its own LLC and pay to self €50,000 in salary and €50,000 in dividends, and it offers a snapshot of how each country’s tax framework might perform. 𝗦𝘄𝗶𝘁𝘇𝗲𝗿𝗹𝗮𝗻𝗱: 𝗧𝗵𝗲 𝗨𝗻𝗿𝗶𝘃𝗮𝗹𝗹𝗲𝗱 𝗟𝗲𝗮𝗱𝗲𝗿 𝗶𝗻 𝗧𝗮𝘅 𝗘𝗳𝗳𝗶𝗰𝗶𝗲𝗻𝗰𝘆 Switzerland emerges as the clear frontrunner for entrepreneurs prioritizing net income and cost-effectiveness. Remarkably, this result requires the lowest threshold among the six countries. Switzerland’s corporate tax rate and employer social security contributions further enhance its appeal, contributing to a Net Personal Income/Revenue Ratio of 64.3% (% revenue directly translates to personal income). 𝗧𝗮𝗶𝗹𝗼𝗿𝗶𝗻𝗴 𝘁𝗵𝗲 𝗖𝗵𝗼𝗶𝗰𝗲 𝘁𝗼 𝗬𝗼𝘂𝗿 𝗣𝗿𝗶𝗼𝗿𝗶𝘁𝗶𝗲𝘀 For entrepreneurs laser-focused on maximizing net income with minimal revenue, Switzerland remains unmatched. Those seeking a blend of corporate and personal tax efficiency might lean toward Luxembourg or the UK. The Netherlands, despite its business-friendly reputation, struggles under a heavier burden, while France and Italy require careful scrutiny of revenue thresholds. For the full analysis check our latest blogpost at www.carrara-advisory.com 𝗜𝗺𝗽𝗼𝗿𝘁𝗮𝗻𝘁 𝗗𝗶𝘀𝗰𝗹𝗮𝗶𝗺𝗲𝗿𝘀: • This is based on a specific salary and dividend structure. Higher revenues or different profit levels may see different dynamics. • The company structure might have a significant impact on tax optimization strategies. • The split between salary and dividends can vary depending on specific regulations or tax benefits in each country. • The analysis does not account for company expenses beyond salaries and social security contributions, such as operational costs, depreciation, or business-specific deductions. • Other factors such as local tax credits, industry-specific tax incentives, and changes in tax laws over time can also affect the results of this comparison. 𝗜𝘁'𝘀 𝗮𝗹𝘄𝗮𝘆𝘀 𝗮𝗱𝘃𝗶𝘀𝗮𝗯𝗹𝗲 𝘁𝗼 𝗰𝗼𝗻𝘀𝘂𝗹𝘁 𝘄𝗶𝘁𝗵 𝗮 𝘁𝗮𝘅 𝗽𝗿𝗼𝗳𝗲𝘀𝘀𝗶𝗼𝗻𝗮𝗹 𝗼𝗿 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗮𝗱𝘃𝗶𝘀𝗼𝗿 𝘁𝗼 𝗮𝘀𝘀𝗲𝘀𝘀 𝘁𝗵𝗲 𝗯𝗲𝘀𝘁 𝗮𝗽𝗽𝗿𝗼𝗮𝗰𝗵 𝗳𝗼𝗿 𝘆𝗼𝘂𝗿 𝘀𝗽𝗲𝗰𝗶𝗳𝗶𝗰 𝘀𝗶𝘁𝘂𝗮𝘁𝗶𝗼𝗻. #LLC #TaxOptimization #PersonalIncome #CorporateTax #BusinessStrategy #Entrepreneurship #InternationalBusiness

𝗧𝗿𝗮𝗰𝗸𝗶𝗻𝗴 𝗕𝗲𝗮𝘂𝘁𝘆’𝘀 𝗟𝗲𝗮𝗱𝗲𝗿𝘀: 𝗚𝗿𝗼𝘄𝘁𝗵 𝗛𝗼𝗹𝗱𝘀, 𝗢𝗻𝗲-𝗢𝗳𝗳 𝗖𝗼𝘀𝘁𝘀 𝗪𝗲𝗶𝗴𝗵 𝗼𝗻 𝗣𝗿𝗼𝗳𝗶𝘁𝘀 The beauty industry has long been a beacon of resilience, navigating shifting consumer behaviors, economic headwinds, and ongoing innovation. But what happens when we take a closer look at the financial performance over the past three years of the eight players, we keep monitoring? The numbers tell an interesting story. 𝗚𝗿𝗼𝘄𝘁𝗵 𝗿𝗲𝗺𝗮𝗶𝗻𝘀 𝘀𝘁𝗲𝗮𝗱𝘆 𝗮𝗻𝗱 𝗯𝗮𝗰𝗸 𝘁𝗼 𝗵𝗶𝘀𝘁𝗼𝗿𝗶𝗰𝗮𝗹 𝗶𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗹𝗲𝘃𝗲𝗹𝘀. In 2024, the consolidated net sales of the eight beauty groups we track reached $95.8B, marking a 4.3% YoY increase - an improvement over the 3.1% growth in 2023. This growth mirrors the industry’s historical trajectory which averaged 4.5% over past two decades with only two notable exceptions: the 2008 - 2009 crisis (1 - 2% growth) and the pandemic years (decline, followed by a sharp +7% rebound). 𝗗𝗲𝘀𝗽𝗶𝘁𝗲 𝘁𝗵𝗲 𝗻𝘂𝗺𝗯𝗲𝗿𝘀 𝗽𝗿𝗼𝗳𝗶𝘁𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗶𝘀 𝗴𝗼𝗶𝗻𝗴 𝘁𝗼 𝗵𝗼𝗹𝗱. Profitability metrics tell a more complex story. Gross profit margins have inched up from 70.1% in 2022 to 71.6% in 2024, a sign that premiumization, strategic pricing, and cogs and operational efficiencies are paying off. On the other hand, we see the adjusted EBITDA margins contracted - from 15.7% to 13.7% - and net profit margins dipped sharply, falling from 10.4% to 8.6%. However, this decline is largely not structural. Major one-off costs, including restructuring ($278M Jul-Dec), talcum litigation settlements ($159 Jul-Dec), and brand impairments (Tom Ford $773M, Too Faced $75+$13M) at Estée Lauder, weighed on profitability. Excluding these effects, the industry’s EBITDA margin would have been 15.8%, and net profit margin 10.6% - both ahead of 2023 results. 𝗪𝗵𝗲𝗿𝗲 𝗱𝗼𝗲𝘀 𝘁𝗵𝗶𝘀 𝗹𝗲𝗮𝘃𝗲 𝘂𝘀? Beauty remains one of the most attractive consumer sectors, but these financial results highlight a reality check: growth continues, but the industry’s profitability is being tested. As brands push for expansion, invest in new channels, and adapt to shifting consumer spending habits, they must balance ambition with financial discipline. #BeautyIndustry #BusinessStrategy #LuxuryBeauty #RetailTrends #P&LAnalysis #BeautyFinance #BeautyIndustry #RetailGrowth #Profitability #BusinessStrategy #Finance

"𝘗𝘢𝘳𝘵𝘯𝘦𝘳𝘪𝘯𝘨 𝘸𝘪𝘵𝘩 𝘛𝘖𝘚𝘓𝘈 𝘕𝘶𝘵𝘳𝘪𝘤𝘰𝘴𝘮𝘦𝘵𝘪𝘤𝘴 𝘮𝘢𝘳𝘬𝘴 𝘢𝘯 𝘦𝘹𝘤𝘪𝘵𝘪𝘯𝘨 𝘯𝘦𝘸 𝘤𝘩𝘢𝘱𝘵𝘦𝘳 𝘧𝘰𝘳 𝘮𝘦 𝘢𝘯𝘥 𝘊𝘈𝘙𝘙𝘈𝘙𝘈 𝘈𝘥𝘷𝘪𝘴𝘰𝘳𝘺. 𝘛𝘖𝘚𝘓𝘈 𝘪𝘴 𝘳𝘦𝘥𝘦𝘧𝘪𝘯𝘪𝘯𝘨 𝘵𝘩𝘦 𝘪𝘯𝘥𝘶𝘴𝘵𝘳𝘺 𝘣𝘺 𝘵𝘳𝘢𝘯𝘴𝘧𝘰𝘳𝘮𝘪𝘯𝘨 𝘯𝘶𝘵𝘳𝘪𝘤𝘰𝘴𝘮𝘦𝘵𝘪𝘤𝘴 𝘧𝘳𝘰𝘮 𝘵𝘳𝘢𝘥𝘪𝘵𝘪𝘰𝘯𝘢𝘭 𝘴𝘶𝘱𝘱𝘭𝘦𝘮𝘦𝘯𝘵𝘴 𝘪𝘯𝘵𝘰 𝘥𝘦𝘭𝘪𝘤𝘪𝘰𝘶𝘴, 𝘤𝘭𝘪𝘯𝘪𝘤𝘢𝘭𝘭𝘺 𝘷𝘢𝘭𝘪𝘥𝘢𝘵𝘦𝘥 𝘣𝘦𝘷𝘦𝘳𝘢𝘨𝘦𝘴 𝘵𝘩𝘢𝘵 𝘱𝘦𝘰𝘱𝘭𝘦 𝘤𝘳𝘢𝘷𝘦 𝘢𝘯𝘥 𝘢𝘭𝘴𝘰 𝘦𝘯𝘩𝘢𝘯𝘤𝘦 𝘣𝘦𝘢𝘶𝘵𝘺 𝘢𝘯𝘥 𝘸𝘦𝘭𝘭𝘯𝘦𝘴𝘴. 𝘛𝘩𝘦𝘪𝘳 𝘤𝘰𝘮𝘮𝘪𝘵𝘮𝘦𝘯𝘵 𝘵𝘰 𝘪𝘯𝘯𝘰𝘷𝘢𝘵𝘪𝘰𝘯, 𝘵𝘢𝘴𝘵𝘦, 𝘢𝘯𝘥 𝘦𝘧𝘧𝘪𝘤𝘢𝘤𝘺 𝘢𝘭𝘪𝘨𝘯𝘴 𝘱𝘦𝘳𝘧𝘦𝘤𝘵𝘭𝘺 𝘸𝘪𝘵𝘩 𝘮𝘺 𝘷𝘪𝘴𝘪𝘰𝘯 𝘧𝘰𝘳 𝘵𝘩𝘦 𝘧𝘶𝘵𝘶𝘳𝘦 𝘰𝘧 𝘵𝘩𝘦 𝘤𝘢𝘵𝘦𝘨𝘰𝘳𝘺. 𝘐’𝘮 𝘦𝘢𝘨𝘦𝘳 𝘵𝘰 𝘣𝘳𝘪𝘯𝘨 𝘮𝘺 𝘦𝘹𝘱𝘦𝘳𝘵𝘪𝘴𝘦 𝘵𝘰 𝘵𝘩𝘦 𝘵𝘦𝘢𝘮 𝘢𝘯𝘥 𝘩𝘦𝘭𝘱 𝘣𝘳𝘢𝘯𝘥𝘴 𝘶𝘯𝘭𝘰𝘤𝘬 𝘯𝘦𝘸 𝘰𝘱𝘱𝘰𝘳𝘵𝘶𝘯𝘪𝘵𝘪𝘦𝘴 𝘪𝘯 𝘵𝘩𝘪𝘴 𝘦𝘷𝘰𝘭𝘷𝘪𝘯𝘨 𝘴𝘱𝘢𝘤𝘦. 𝘊𝘰𝘴𝘮𝘰𝘱𝘳𝘰𝘧 𝘪𝘴 𝘵𝘩𝘦 𝘱𝘦𝘳𝘧𝘦𝘤𝘵 𝘴𝘵𝘢𝘨𝘦 𝘵𝘰 𝘴𝘩𝘰𝘸𝘤𝘢𝘴𝘦 𝘵𝘩𝘪𝘴 𝘣𝘳𝘦𝘢𝘬𝘵𝘩𝘳𝘰𝘶𝘨𝘩, 𝘢𝘯𝘥 𝘐’𝘮 𝘵𝘩𝘳𝘪𝘭𝘭𝘦𝘥 𝘵𝘰 𝘣𝘦 𝘱𝘢𝘳𝘵 𝘰𝘧 𝘪𝘵." Let’s connect at Cosmoprof Worldwide Bologna! TOSLA Nutricosmetics Primoz Artac Cosmoprof Worldwide Bologna #nutricosmetics #beauty #cosmoprof #networking CARRARA advisory

The TOSLA team is getting bigger! It is our pleasure to welcome seasoned expert Vincenzo Carrara to our extended team. His expertise in global strategy and business transformation will be key as we take on new challenges and drive the next phase of growth. Meet Vincenzo at Cosmoprof Worldwide Bologna at Hall 20, Booth C44 to talk strategy, industry trends, and the future of nutricosmetics!

As the beauty industry navigated the dynamic landscape of 2024, resilience emerged as a defining trait. Despite challenges such as shifting consumer behaviors, geographic variations, and inflationary pressures, the sector demonstrated its ability to adapt, innovate, and thrive. The latest full-year results reveal both successes and areas for improvement, offering key insights into what drove performance in 2024. 𝗞𝗲𝘆 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀 𝗳𝗿𝗼𝗺 𝗖𝗬 𝟮𝟬𝟮𝟰: • 𝗔𝗴𝗶𝗹𝗶𝘁𝘆 𝗙𝘂𝗲𝗹𝘀 𝗚𝗿𝗼𝘄𝘁𝗵: Companies that prioritized agility in resource allocation and market responsiveness stood out. Puig (11.3%) and Interparfums (10.2%) led the charge, showcasing their ability to capitalize on emerging trends and regional nuances. Their focus on innovation and customer-centric strategies paid off handsomely. • 𝗥𝗲𝘀𝗶𝗹𝗶𝗲𝗻𝗰𝗲 𝗔𝗺𝗼𝗻𝗴 𝗠𝗮𝗷𝗼𝗿 𝗣𝗹𝗮𝘆𝗲𝗿𝘀: Industry stalwarts like L’Oreal (5.6%) and Unilever (5.5%) maintained steady growth, underscoring their adaptability and diversified portfolios. Even with slowing momentum in the second half of the year, L’Oreal retained its leadership position, while Unilever's strong presence in emerging markets bolstered its performance. • 𝗖𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀 𝗙𝗮𝗰𝗲𝗱 𝗯𝘆 𝗚𝗶𝗮𝗻𝘁𝘀: Not all companies managed to keep pace. Estee Lauder (0.1%) struggled to adapt to rapid market changes, while Shiseido (1.8%) showed signs of recovery after addressing earlier operational inefficiencies. These examples highlight the importance of staying responsive to evolving consumer preferences. • 𝗔𝗺𝗼𝗿𝗲𝗽𝗮𝗰𝗶𝗳𝗶𝗰’𝘀 𝗧𝘂𝗿𝗻𝗮𝗿𝗼𝘂𝗻𝗱: A standout performer, Amorepacific , rebounded from a decline in H1 (-1.3%) to achieve 5.9% growth for the full year. This turnaround reflects its ability to pivot strategies and meet the demands of Asia-Pacific consumers, who increasingly prioritize sustainability and authenticity. • 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆-𝗪𝗶𝗱𝗲 𝗥𝗲𝘀𝗶𝗹𝗶𝗲𝗻𝗰𝗲: Despite headwinds, the beauty industry as a whole remained resilient, with an aggregated growth of 4.5% among the top nine companies (representing $110bn in revenues), reflecting the sector’s overall strength and adaptability. #BeautyIndustry #MarketGrowth #Innovation #Agility #ConsumerTrends #BeautyMarket #DataInsights

EDITED: see updated number of doors in the comments - thanks to Edouard Roose for his expert contribution. The Middle East, often called the "cradle of civilization," is not only rich in history and culture but also a dynamic hub for the beauty industry. With a market valued at over $46 billion and projected to reach $60 billion this year, the region offers immense opportunities for both local entrepreneurs and international brands. Why the Middle East? - Economic Growth : Rising disposable incomes are driving demand for premium beauty products. - Urbanization : Rapid urbanization has introduced consumers to global trends, increasing demand for diverse beauty solutions. - Youthful Population : The average consumer age is just 32, with tech-savvy individuals heavily influenced by social media and digital marketing. Key Insights - Women spend an average of $63/month on makeup and $52/month on skincare. - Men are increasingly investing in grooming, spending around $16/month on skincare. Retailers like Sephora, Faces, Harvey Nichols, and Bloomingdale's dominate the prestige segment, while e-commerce platforms such as Ounass, Namshi, and Amazon.ae cater to online shoppers. To succeed in the Middle East: - Tailor Marketing Campaigns : Align with local cultural nuances while maintaining brand authenticity. - Partner Strategically : Collaborate with experienced local partners who understand the market. - Navigate Regulations : Ensure compliance with GCC standards (GSO 1943/2016) and consider Halal certification for broader appeal. For more insights, read the full blog post on www.carrara-advisory.com . If you're interested in expanding your distribution network in the Middle East, reach out to our external advisor, Vedran Fabinger . #BeautyIndustry #MiddleEastMarket #Cosmetics #Skincare #DigitalTransformation #Ecommerce #HalalCertification #GCCStandards #BusinessExpansion #CarraraAdvisory

The beauty industry is constantly evolving, shaped by shifting consumer preferences, technological advancements, and cultural trends. In this dynamic landscape, beauty incubators have emerged as crucial players, providing emerging brands with the resources, mentorship, and funding they need to thrive. These specialized programs go beyond traditional venture capital investments. They offer holistic support, connecting founders with seasoned mentors, state-of-the-art facilities, and networks that help bridge the gap between creativity and commercial success. From navigating regulatory hurdles to scaling operations, incubators play a pivotal role in transforming innovative ideas into successful businesses. 𝗪𝗵𝗼’𝘀 𝗟𝗲𝗮𝗱𝗶𝗻𝗴 𝘁𝗵𝗲 𝗖𝗵𝗮𝗿𝗴𝗲? Prominent names like Luxury Brand Partners, Maesa, Sephora Accelerate, and L'Oréal Technology Incubator are at the forefront of this movement. Each brings its unique strengths - whether it's crafting luxury stories, leveraging global reach, or integrating cutting-edge technology into products. Independent incubators, too, are making waves by focusing on tech-enabled solutions and fostering diversity within the industry. 𝗪𝗵𝗲𝗿𝗲 𝗔𝗿𝗲 𝘁𝗵𝗲 𝗛𝗼𝘁𝘀𝗽𝗼𝘁𝘀? While North America remains a dominant player, thanks to its robust venture capital ecosystem, other regions such as Europe, Asia-Pacific, and even Latin America and Africa are gaining traction. These areas present untapped opportunities for inclusive and sustainable beauty innovations, reflecting the growing demand for locally relevant brands. 𝗪𝗵𝗮𝘁’𝘀 𝗧𝗿𝗲𝗻𝗱𝗶𝗻𝗴? Skincare continues to dominate the market, driven by the clean beauty movement and increasing awareness around skin health. Haircare, color cosmetics, fragrance, and wellness categories also show promise, especially when combined with storytelling or experiential elements. Notably, the rise of "beautytech" - integrating AR try-on tools, AI-driven diagnostics, and wearable devices - is revolutionizing how consumers interact with beauty products. 𝗦𝘂𝗰𝗰𝗲𝘀𝘀 𝗦𝘁𝗼𝗿𝗶𝗲𝘀 & 𝗟𝗲𝘀𝘀𝗼𝗻𝘀 𝗟𝗲𝗮𝗿𝗻𝗲𝗱 Brands like Drunk Elephant, Tata Harper, and FORMA Brands exemplify the transformative power of incubators. With strategic guidance and access to resources, these startups achieved remarkable growth, often commanding valuations in the hundreds of millions. However, not all journeys are smooth sailing. Over-reliance on buzzwords, premature scaling, and misaligned exit strategies can pose significant challenges. Want to dive deeper into the world of beauty incubators? Check out our latest blog post for a comprehensive look at the trends, leaders, and lessons shaping this exciting space - www.carrara-advisory.com #beauty #beautyincubator #businessmodel