After starting as a brick-and-mortar nail salon in Los Angeles in 2013, Olive & June closed up shop in 2020, with founder and CEO Sarah Gibson Tuttle pivoting her focus to DIY manis. By November 2024, Helen of Troy had acquired the brand for $225 million in cash and a $15 million earnout subj...
After starting as a brick-and-mortar nail salon in Los Angeles in 2013, Olive & June closed up shop in 2020, with founder and CEO Sarah Gibson Tuttle pivoting her focus to DIY manis. By November 2024, Helen of Troy had acquired the brand for $225 million in cash and a $15 million earnout subject to performance over three years. Helen of Troy's beauty portfolio also includes Drybar, Curlsmith and Hot Tools, among others. But Gibson Tuttle was intent on remaining involved in her brand's operations — operating essentially as it did prior to the acquisition, but with greater support.
Now, nearly a year post-acquisition, Gibson Tuttle joins the Glossy Beauty Podcast to discuss life after selling her brand, why an obsession with the customer can almost guarantee product success and how the nail category differs from other beauty categories.
But first, co-hosts Sara Spruch-Feiner and Emily Jensen discuss industry news, including Sephora's announcement that it will launch its own affiliate platform, the recent acquisitions of Nudestix, Byoma and Cos Bar, and Gap's increased investment and new hires as it looks to grow its beauty offerings.