This episode Melissa discusses the recent buyback of Beauty Counter by its founder, Greg Renfro, after private equity firm Carlyle Group acquired the majority shareholder interest in the company. The conversation explores the implications of this buyback and the challenges faced by Renfro in rebuilding the business. It also highlights the human element of such transactions, particularly the impact on the 65,000 brand advocates who relied on Beauty Counter for income. The episode concludes with advice for individuals working in companies undergoing private equity partnerships.
Takeaways
Private equity firms have a three to five-year time horizon and their goal is to make the business more profitable and sell it for a profit.
Private equity transactions often result in significant changes, disruption, and transformation within the company.
Individuals working in companies undergoing private equity partnerships should be prepared for change, adopt a change is good mindset, and separate themselves from the business by focusing on their own skills and value.
The human element of private equity transactions, including the impact on employees and brand advocates, is often overlooked and can have significant consequences.
The buyback of Beauty Counter presents a challenging opportunity for the founder to rebuild the business and address the issues that led to its financial troubles.
To Subscribe to YouTube: https://www.youtube.com/@oncallcoo/podcasts
It's Time We Start Treating our Employee's Like Adults
The Leadership Lesson that Harrison Butker Taught Us
The Importance of Demonstration and Explanation in Business
How to Make A Seamless Professional Change
Let's Stop Worrying about Caitlyn Clark's Paycheck
Quarter in Review - 1st Quarter 2024
Your Questions Answered - Personal Branding, Sabbadicals, Networking & Being Heard
Your Questions Answered - Raises, bosses you hate and starting over
8 Tips for Starting Over
What Are You Running From? Stop Making Excuses & Exceptions and Get Rid of the Stress
Are you adding value and should you be?
What is your brand? How to define, refine and reinvent yourself
Are you Thelma or Louise? How a massive crash can be exactly what you need
The Taylor and Travis Love Story - What it tells us about Gender in Business
Making it Big or Going Nowhere all comes down to Follow Up
Big Reputation - How it's Built and what it has to do with your values, brand identity and the people around you
What Barbie Has Taught Us about Corporate America
Quiet Quitting Redefined
How to Set Goals You Will Actually Achieve
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
Reaching your Goals
Insights@work
Business Dad
The Ken Coleman Show
Chief Change Officer