“They Hired Vennette”

Vennette Ho
Within the beauty industry, Ho has become the unrivaled banker du jour: She knows what strategic buyers are into, or not into, with unusual acumen. Photo: Dave Kotinsky/Getty Images for Financo
Rachel Strugatz
May 1, 2024

Are there any major indie beauty brands that haven’t engaged a banker to explore a potential sale? Rare Beauty, Summer Fridays, Merit, and Glossier are all in various stages of deal heat, as I’ve reported over the past month, following a surge of interest from strategic buyers looking to double down in a fast-growing category. Sarah Gibson Tuttle’s 4-year-old Olive & June, which does $90 million a year in a stacked nail category dominated by Sally Hansen and others, has hired Raymond James’s Vennette Ho, the industry’s favorite M&A banker. (Tuttle and Ho declined to comment.)