Uncovering the Mystery: Who Really Owns Laura Geller Cosmetics?

As the beauty industry continues to thrive and expand, one brand that has been making its mark in the makeup market is Laura Geller Cosmetics. From its iconic Baked Gelato Swirl Illuminators to its long-lasting lipstick formulas, this brand has captured the hearts (and faces) of many. But as we indulge in their luxurious products, have you ever wondered who actually owns Laura Geller Cosmetics? In this article, we’ll delve into the ownership of this successful beauty brand and uncover the individuals behind its success. So get ready to discover the brains behind Laura Geller Cosmetics and the journey they took to create a makeup empire.

Introduction
Laura Geller Cosmetics is a highly reputable cosmetics company known for its high-quality products and commitment to empowering women through makeup. The brand has gained a strong following since its establishment in 1997, with numerous loyal customers around the world. However, despite the popularity of Laura Geller Cosmetics, many may still wonder who actually owns this successful company. In this article, we will dive deeper into the ownership of Laura Geller Cosmetics and explore the individuals behind its success.

The Early Days of Laura Geller Cosmetics

Laura Geller started her career in the beauty industry as a makeup artist for top fashion magazines such as Harper’s Bazaar and Vogue. With her extensive experience and knowledge of makeup, she decided to launch her own cosmetics line in 1997. Her goal was to create products that were easy to use, long-wearing, and suitable for all skin types.

Her first product was the Spackle Makeup Primer, which quickly became a best-seller and continues to be one of the brand’s most popular products today. As more people discovered Laura Geller Cosmetics, the demand for her products grew, and she expanded her line to include a variety of face, eye, and lip products.

Laura Geller’s Role in the Company

As the founder and namesake of Laura Geller Cosmetics, Laura herself plays a significant role in the company’s day-to-day operations. She continues to oversee product development and formula innovations while also staying true to her original goal of creating universally flattering makeup products.

In addition to being a driving force behind new product launches and innovations, Laura is also known for being very hands-on with her customers. She conducts live Q&A sessions on social media platforms such as Instagram and Facebook where she engages with fans directly by answering their questions about makeup application techniques and product recommendations.

Laura Geller Cosmetics Acquired by Glansaol

In 2016, Laura Geller Cosmetics was acquired by Glansaol, a newly formed beauty and personal care holding company. The acquisition was led by Alan T. Ennis, a seasoned beauty industry executive who has held leadership positions at Revlon, Estée Lauder, and Lancôme.

Glansaol’s mission is to acquire and build high-quality brands in the beauty sector, with an overarching goal of becoming the “leading brand builder in prestige beauty.” The partnership with Glansaol provided Laura Geller Cosmetics with the resources and support needed to expand the brand’s global reach while still staying true to its core values.

The Current Ownership of Laura Geller Cosmetics

As of 2021, Glansaol continues to own and operate Laura Geller Cosmetics. However, in late 2019, Alan T. Ennis stepped down as CEO of Glansaol, leaving the company’s future uncertain. Amidst financial struggles and rapidly changing consumer demands due to the COVID-19 pandemic, Glansaol filed for bankruptcy in June 2020.

Despite the challenges faced by its parent company, Laura Geller Cosmetics has remained strong and continues to thrive under its new ownership structure. In early 2021, beauty industry veterans James Fidoten and Rich Gersten acquired Laura Geller Cosmetics from Glansaol as part of their new venture called Rabsky Group.

Rabsky Group is known for investing in companies with strong potential for growth within the beauty and wellness industry. With their years of experience in building successful businesses such as Urban Decay and MD Solar Sciences, James Fidoten and Rich Gersten are well-equipped to take Laura Geller Cosmetics to new heights.

What This Means for Customers

With a new ownership structure comes change; however, customers can rest assured that Laura Geller’s vision for the brand remains unchanged. The brand continues to prioritize the same values and deliver high-quality products that cater to a diverse audience.

Additionally, the acquisition by Rabsky Group means that Laura Geller Cosmetics will have access to more resources and expertise, which could result in an even better product range and customer experience in the future.

Conclusion
In conclusion, while there have been changes in ownership for Laura Geller Cosmetics over the years, one thing remains constant – the brand’s commitment to providing top-notch products that empower women. With its new ownership under Rabsky Group, customers can expect continued growth and innovation from this beloved beauty brand. Whether you’ve been a loyal customer since its inception or have just recently discovered its products, rest assured that your favorite Laura Geller Cosmetics will continue to deliver on its promise of quality and inclusivity.

Background of Laura Geller Cosmetics

For many makeup lovers, the name Laura Geller is synonymous with high-quality, innovative cosmetics. The brand was founded in 1997 by makeup artist Laura Geller, who had over 20 years of experience in the industry. Her goal was to create a cosmetic line that focused on enhancing natural beauty and making makeup application easy for all women.

Geller started her career working for major cosmetics companies like Estée Lauder and Revlon, where she gained invaluable experience and knowledge. She then decided to branch out on her own and create a brand that reflected her philosophy of using makeup to enhance one’s features rather than mask them.

The brand quickly gained a loyal following with its unique product formulations and fun, approachable branding. Today, Laura Geller Cosmetics is sold in over 1,000 retail locations worldwide and has a strong presence on social media platforms like Instagram and YouTube.

The Story Behind the Ownership

As mentioned earlier, Laura Geller is the founder of her eponymous cosmetic brand. However, you may be wondering who currently owns the company. In 2016, it was announced that New York-based private equity firm Fosun International had acquired a majority stake in Laura Geller Cosmetics.

Fosun International is a global investment group with holdings in various industries such as healthcare, tourism, and fashion. They saw an opportunity to invest in the rapidly growing beauty industry through acquiring Laura Geller Cosmetics.

Despite this change in ownership, Laura Geller remains an integral part of the brand and holds the position of Chief Creative Officer. Her vision and expertise continue to guide the development of new products and maintain the brand’s identity.

What Sets Laura Geller Cosmetics Apart?

In today’s saturated beauty market, it takes something special for a brand to stand out. So what sets Laura Geller Cosmetics apart from other makeup brands?

One key aspect is the brand’s focus on creating universally flattering products. Geller and her team carefully curate shades and formulations that work for a wide range of skin tones and types. This approach has earned the brand a loyal following amongst diverse groups of women.

Another unique feature of Laura Geller Cosmetics is its use of innovative product formulations. From baked powders to spackle primers, the brand continuously introduces new and exciting products that are not commonly seen in the beauty industry.

Lastly, Laura Geller Cosmetics is known for its positive and empowering messaging. This is evident in their popular slogan, “Beauty is my canvas, makeup is my art.” The brand believes in using makeup as a tool to enhance one’s beauty rather than conforming to societal standards.

The Impact of New Ownership

As mentioned earlier, Fosun International acquired a majority stake in Laura Geller Cosmetics in 2016. This change in ownership brought about some changes for the brand.

Firstly, with Fosun International’s global reach and resources, the brand has been able to expand its presence beyond North America. Laura Geller Cosmetics can now be found in various countries across Asia and Europe.

Secondly, Fosun International’s investment has allowed for increased research and development within the brand. This has resulted in even more innovative product formulations being introduced to the market.

Lastly, with access to Fosun International’s network of companies and partners, Laura Geller Cosmetics has been able to collaborate with other brands such as Disney and Amazon on limited edition collections – further increasing its reach and popularity.

Looking Towards The Future

With over 20 years of experience under its belt, Laura Geller Cosmetics continues to thrive under new ownership. The brand’s commitment to delivering high-quality products that cater to women of all ages and backgrounds remains unchanged.

The future looks bright for Laura Geller Cosmetics, with plans to expand into new markets and continue to innovate in the beauty industry. One thing is for sure – the brand will continue to stay true to its core values and empower women through makeup.

1. Who owns Laura Geller Cosmetics?
The founder and owner of Laura Geller Cosmetics is Laura Geller herself.

2. Is Laura Geller still the owner of the company?
Yes, Laura Geller continues to be the owner of her eponymous cosmetics brand.

3. Does Laura Geller Cosmetics have any parent company?
No, Laura Geller Cosmetics is an independent company and does not have a parent company.

4. Are there any co-owners or partners in Laura Geller Cosmetics?
No, Laura Geller is the sole owner of her cosmetics brand and there are no other co-owners or partners involved in the company.

5. Has ownership of Laura Geller Cosmetics ever changed hands?
No, ownership of the brand has remained with Laura Geller since its inception in 1997.

6. Are there any plans for a change in ownership of Laura Geller Cosmetics in the near future?
There are currently no plans for a change in ownership of Laura Geller Cosmetics and the brand will continue to be owned by its founder, Laura Geller.

In conclusion, while it may be difficult to determine exactly who owns Laura Geller Cosmetics due to its complex business structure and numerous shareholders, it is clear that the brand’s success and impact in the beauty industry have been driven by the vision and talent of its founder, Laura Geller. From humble beginnings as a makeup artist in New York City, Geller has built a reputable brand known for its high-quality products and inclusive approach to beauty.

Despite facing challenges and changes in ownership over the years, Laura Geller Cosmetics has continued to thrive and evolve under Geller’s creative direction. The brand’s commitment to cruelty-free and innovative products has garnered a loyal following of customers worldwide.

Additionally, through collaborations with various retailers such as QVC and Ulta Beauty, Laura Geller Cosmetics has expanded its reach and cemented its position as a leading beauty brand in the market.

Furthermore, Geller’s philanthropic efforts through partnerships with organizations like BCRF and Look Good Feel Better demonstrate the brand’s dedication to giving back to communities.

Through our exploration of who owns Laura Geller Cosmetics, we can see that while ownership may change hands, the essence of the brand remains rooted in Geller’s passion for empowering others through makeup. As consumers, we can continue to