Lynn Tilton Takes Over as CEO of Stila Cosmetics & Jane Cosmetics
Patriarch Partners, LLC, a New York based investment firm and holding company, announced that Lynn Tilton, Patriarch's founder and CEO, will assume the role of CEO for portfolio companies Stila Cosmetics and Jane Cosmetics, effective immediately. Patriarch acquired Stila Cosmetics and Jane Cosmetics in April and December of 2009, respectively.
"I believe both brands, together, allow us to inspire the inner beauty in every woman. I have long believed that these companies are a platform to educate, enlighten and empower women. I am excited and honored to work more closely with these teams to be disruptive in our strategies and more innovative in our products," said Ms. Tilton. "I am grateful for the dedication, work ethic and innovation of the new operating teams."
Tilton will oversee the day-to-day global business for both brands including sales, operations, finance, marketing, product development, and packaging - each currently led by proven executives. Reporting to the CEO, the executive leadership team is comprised of the following individuals:
• Chief Financial Officer - Michael Hughes
• Chief Commercial Officer - Menal Parikh
• Chief Marketing Officer - Cynthia Rapp
• Chief Creative Officer - Jill Tomandl
About Stila Cosmetics:
Stila Cosmetics, founded in 1994, is a globally-recognized color cosmetics brand known for its modern, sophisticated, accessible approach to beauty. The brand's innovative, multi-tasking formulas, eco-friendly packaging, and fashion forward colors are available in over 500 doors in the United States, which includes Sephora, Ulta, select Nordstrom, and select Macy's. Stila is also available in more than 20 global markets including Canada, the United Kingdom, Australia, India, Southeast Asia, Brazil, and Mexico. For more information about Stila, visit www.stilacosmetics.com.
About Jane Cosmetics:
JANE & Company makes high quality value products in the eye, lip and face cosmetics categories. JANE fills a niche between value and prestige cosmetic lines. The Company's products are sold in mass merchant retailers and better drugstores throughout the U.S. and Canada.
JANE is a high-loyalty brand that delivers department store quality at value prices to mass market customers. Retail prices range from $3.00 to $6.00. The Company sells hundreds of color cosmetic products with appealing packaging and technologically superior formulations for foundations, bronzers, mascaras, eyeliners and lipsticks. For more information, please visit: www.janecosmetics.com.
About Patriarch Partners:
Patriarch Partners, LLC, is an investment firm and holding company managing 75 companies with annual revenues in excess of $8 billion. Founded by Wall Street veteran Lynn Tilton in 2000, Patriarch is dedicated to saving American manufacturing jobs by saving American companies that have fallen from economic favor. Since inception, the Patriarch family of funds have bought more than 150 companies, and in so doing have saved over 250,000 jobs. Patriarch's platform includes a broad range of industrial concerns including Dura Automotive, Oasis Water and American LaFrance, in addition to iconic American brands such as Rand McNally, MD Helicopters, Stila Cosmetics and Spiegel Catalogs. Under Ms. Tilton's leadership, Patriarch has become the largest woman-owned business in America with companies in its platform providing employment to more than 120,000 persons. For more information, please visit: www.patriarchpartners.com.
SOURCE: BUSINESS WIRE ©2014 Business Wire