Cannon-Brookes flush with Who Gives A Crap funding watoday.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from watoday.com.au Daily Mail and Mail on Sunday newspapers.
Adore beauty founder turns 'defacto godmother' for startup hopefuls theage.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theage.com.au Daily Mail and Mail on Sunday newspapers.
Adore beauty founder turns 'defacto godmother' for startup hopefuls brisbanetimes.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from brisbanetimes.com.au Daily Mail and Mail on Sunday newspapers.
Adore beauty founder turns 'defacto godmother' for startup hopefuls smh.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from smh.com.au Daily Mail and Mail on Sunday newspapers.
Adore Beauty founder turns 'defacto godmother' for startup hopefuls watoday.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from watoday.com.au Daily Mail and Mail on Sunday newspapers.
That outlay meant Kate Morris survived an IPO in lockdown and built a business nobody else believed in. And yes, she’ll answer your skincare questions.
Luxury Escapes co-founder Adam Schwab. Source: supplied. There was a saying in the 1990s: it was along the lines of never buy anything that Kerry Packer was selling. Packer has largely been replaced in the last decade by private equity firms as vendors you shouldn’t buy a business from. There are two obvious reasons for this advice. First, PE firms consist of incredibly smart operators whose job is to deliver a strong alpha (above market return) to LPs (limited partners, which are generally superannuation funds, sovereign funds or endowments). Second, private equity operators are not only whip smart, but also possess years of inside information gleaned from sitting on the board of the business being sold, in particular possessing a deep understanding of its market, growth rate and profitability.
Adore Beauty shares slump on slower sales Adore Beauty shares have slumped 16 per cent as it becomes yet another online retailer to disappoint the market. Business by ELI GREENBLAT Premium Content Subscriber only Shares in online beauty retailer Adore Beauty tumbled on Wednesday after it delivered an underwhelming trading update. The update showed sales growth slowed in the March quarter. Adore Beauty floated late last year after private equity firm Quadrant partially sold out of the business. The online retailer s founders also cashed in almost $100 million in stock. On Thursday Adore fell 16 per cent to $3.85 after it revealed it had missed market forecasts. The stock is now down 43 per cent from the IPO price of $6.75, burning a total of more than $116m in investor value.
Sharemarketâs pandemic boom reversal gathers pace Updated Save Share Evidence is piling up that investors have underestimated the severity of the pandemic boomâs reversal as lockdown beneficiaries miss lofty expectations and share prices tumble, while the re-opening trade winners defy expectations. Netflix tumbled 7.5 per cent on Wednesday on weak subscriber additions as people spent less time at home, while Uber said last week that ride bookings in March hit record levels. Its shares are up 60 per cent since November, when Moderna became the first vaccine developer to report clinical efficacy, with Netflix up 5 per cent over the same period.
Adore Beauty revenue of $96.2m was 8 per cent ahead of prospectus forecasts. Business by Eli Greenblat Premium Content Subscriber only A growing legion of consumers see a beauty regime as self care, boosting sales of skincare products, manicure kits and hair dyes through the Covid-19 pandemic last year and accelerating into 2021, helping Adore Beauty smash its prospectus forecasts. In the December half, scented candles proved a huge hit through months of lockdown, too. Adore Beauty in October raised $269.5m for its sharemarket float and on Tuesday, posted its first-half results showing revenue of $96.2m, 8 per cent ahead of prospectus forecasts and up 85 per cent on the previous corresponding period.