If The Ordinary and La Mer are Owned By The Same Company, What Does That Mean When It Comes to Formulas?
Gloss Angeles
Kirbie Johnson and Sara Tan
4.8 • 679 Ratings
🗓️ 17 March 2021
⏱️ 46 minutes
🧾️ Download transcript
Summary
The business of beauty is a big one, but when it comes down to it, there are eight mega companies that have a hold on the cosmetic market and own a huge number of our favorite makeup, hair, and skincare brands. On today’s episode, we break down which brands are sisters and what parent conglomerates own them, from L’Oreal to LVMH. You might be surprised to learn that your favorite drugstore lipstick is made by the same company that formulates your go-to luxury moisturizer. That said, just because a company owns different brands doesn't mean they swap trade secrets, or even that their formulas change. Learn about what companies own what brands, which incubators are on the rise, and get your top acquisition questions answered.
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Transcript
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| 0:00.0 | I'm Kirby and I'm Sarah. |
| 0:04.8 | Welcome to Los Angeles. |
| 0:07.2 | Every week we break down the most important beauty news and launches, interview your favorite beauty experts, influencers, and celebrity guests. |
| 0:15.2 | And review our favorite beauty products of the moment as your beauty editor BFFs from the beautiful and great city of |
| 0:22.7 | Los Angeles. Welcome glamgelinos. We hope you stay a while. Cute. That's cute. Hey Kirby. Hello. |
| 0:32.7 | I was looking through, I don't know if you do this. I do this every day now because I just am like living vicariously through my, my previous life, even though I am fully enjoying |
| 0:43.3 | momhood, but not so much the quarantine life. So I look on Instagram stories to see like what I was |
| 0:49.3 | doing last year or two years ago or three years ago. And last year, I Instagram that we were recording separately |
| 0:56.4 | via Zoom. This is our anniversary of recording remotely. I was literally sitting on a bed trying to |
| 1:03.8 | record. I didn't have an office set up. I didn't have anything. It was just complete chaos. |
| 1:14.3 | And look at us now. Look at us now. We figured it out. |
| 1:18.7 | I feel like we thought it was temporary, which I think everyone thought it was temporary. |
| 1:25.6 | Remember how we thought it was just going to be two weeks of not going into an office or something for some people? |
| 1:28.4 | We decided we weren't going to go to South by Southwest. |
| 1:29.2 | Yes. |
| 1:30.9 | Oh my gosh. |
| 1:35.7 | We had a fabulous press trip lined up for the summer that we were like, oh, we'll be able to go to that. |
| 1:36.7 | It'll be fine. |
| 1:37.5 | Not even for the summer. |
| 1:38.7 | We were going to go on a Chanel press trip in March, in March. |
| 1:42.7 | Oh, it was March. |
| 1:43.5 | I don't even, time is, I don't know what time is. |
... |
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