The former global brand president of MAC Cosmetics is taking on a new job.
Philippe Pinatel, who previously headed Estée Lauder’s makeup division, will head to Merit Beauty, Katherine Power’s minimalist beauty brand, which debuted in early 2021.
According to a statement from the brand, Solo Shadow eyeshadow reached $1 million in sales within two weeks of its release.
“After three years of triple-digit growth, Merit is entering a new era of opportunity and we are excited to welcome Philip as CEO of Merit. Philip will lead the brand through its rapid growth. , has a long history of leading complex multi-billion dollar global organizations, which will be critical in Merit’s journey to becoming a generation-defining beauty brand,” Power said in a statement. Ta.
Pinatel left MAC earlier this year and was replaced by Aida Moudachirou-Lebois. “Catherine has built an extraordinary brand and quickly established herself as a leader in the modern beauty industry, thanks in large part to her highly engaged and differentiated consumer base,” Pinatel said in a statement. Stated. “I’m excited to contribute to its continued success and continue to innovate, create and improve the beauty experience for our customers.”
Since its founding, Merit has expanded into the UK and completed a $20 million Series A funding round led by L Catterton.
“Merritt has quickly established itself as a beloved brand with a deep and loyal customer base, and has scaled at an incredible rate while delivering best-in-class profitability,” said Courtney, Principal at L. Catterton.・Mr. Nelson said. “Merritt’s outstanding management team continues to grow with the addition of Philip.”