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Bloomberg
Glow Recipe, a skin-care brand popular for its fruit-based products, is exploring a sale that could value it at $400 million to $500 million.
The company is working with Goldman Sachs Group Inc., said the people, who asked to not be identified. It has $80 million in annual revenue. No final decision has been made and Glow Recipe could opt to remain independent.
North Castle Partners, a private equity firm focused on investments in consumer and lifestyle products and services, announced an investment of an undisclosed size in Glow Recipe last year, according to a statement.
Co-founded by Sarah Lee and Christine Chang in 2014, the company appeared the TV show Shark Tank. The Korean beauty-inspired brand, best known for its watermelon moisturizer, started selling in retailer Sephora in 2017.