At Startup Virginia since
04/2019
Those derm and indie brands you love are most likely owned by 1 of 4 huge beauty conglomerates. Like Unilever, who owns both cult-favorite, Tatcha, and king of condiments, Hellmann’s.
The industry tells us there is only one way—showing us 20,000 ads before our 18th birthday: How to look. How to shop. How much to pay. But we’re not playing.
Whether it’s sold at a Spokane Walmart or a Soho boutique, beauty brands share the same handful of manufacturers and factories—resulting in very similar formulations at insanely different price points.
Products typically cost 10% of the retail price, while packaging often costs more than the actual formula. So that $80 serum you bought really cost $8 bucks, but at least it came in a cute box… that you tossed.
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