Tiffany Masterson at the Drunk Elephant House Of Drunk pop-up in June 2019 in New York City. Getty Images for Drunk ElephantShiseido announced Tuesday that it will spend $845 million to acquire Drunk Elephant, the female-founded clean beauty brand that has become one of the fastest-growing prestige skincare companies in history. Drunk Elephant had net sales of close to $100 million last year. Masterson founded Drunk Elephant in Houston in 2012 while she was a stay-at-home mom of four. Drunk Elephant is now one of the top-selling brands at Sephora, the only place you can buy the brand other than its own website.

Source: Forbes October 08, 2019 12:45 UTC