Huda Beauty unveils sub-brand plans
Huda Beauty has unveiled plans to expand its beauty empire with a series of sub-brands.
Founded by Huda Kattan, along with her two sisters, in 2013, the brand has helped Kattan develop an estimated net worth of US$550m.
A new 4-sku fragrance brand will kickstart Huda Beauty’s expansion outside of colour cosmetics in November.
In December the company landed an investment deal with TSG Consumer Partners, whose portfolio includes IT Cosmetics, Smashbox Cosmetics and e.l.f.
To support the expansion Huda Beauty has named two new US and European Presidents.
North American President Nathalie Kristo joins the brand from L’Oréal, where she oversaw all strategy efforts for NYX Professional Makeup.
Meanwhile, former International VP of Kendo Helena Simpson has been named as Huda Beauty’s new European President.
Commenting on the appointments, Kattan said: