
Too Faced
Mission Statement
Company credo “Own Your Pretty”.
Core Mission:
“With exuberant approach to everything we do:
We use the finest, cutting-edge ingredients to create innovative
cruelty-free color cosmetics that women love to wear
We are unabashedly pink, pretty, and feminine with a playful wink
We show you how to create different looks, inspire confidence to
experiment, and encourage you to Own Your Pretty.”
Demographics
In a statement made by Estee Lauder the company acknowledged the importance of the younger shopper and consumer of Too Faced. The younger demographic is drawn to Too Faced products such as the cheekily named (and very popular) Better Than Sex Mascara.
Too Faced is expected to “win with millennials,” Estee Lauder said in response to their target market and demographic especially those younger consumers who are passionate about social media, fashion and pop culture. With Too Faced having
(Li, 2016)
Corporate Location
The company is based in Irvine, California. It is available to buy through distributors and online worldwide.
Headquarters: McDurmott West Irvine, California 92614 United States
Corporate Structure
Estée Lauder Companies International, Inc.
767 5th Avenue
New York, NY 10153
CEO and President Fabrizio Freda
The Executive Leadership Team is broken down by brand and region (Alexander, 2009)
Executive board: 9 men, 3 women
Executive Vice President of Global Communications: Alexandra Trower
212-572-4430
mediarequests@estee.com
Media Relations: Marianne Diorio
212-572-4433
Pride themselves on inclusion and diversity
Restructuring to “reduce its global workforce” and withdraw from some markets (Cahill, 2016)
CIO
Denise Clark, CIO at Estée Lauder
Leadership
Too Faced is one of the largest independent cosmetic brands, LLC.
Too Faced Cosmetics and leading global beauty brand General Atlantic a leader in global growth investing announced partnership in 2015, in which General Atlantic acquired a majority stake in the company from Weston Presidio.
In conjunction with General Atlantic's investment, beauty industry veteran Ken Stevens will join as Too Faced's Chairman, bringing a wealth of experience as former Chairman of Ulta Beauty, former Chief Executive Officer of philosophy, and former President of Bath & Body Works. Andrew Crawford and Andrew Ferrer, both senior leaders on General Atlantic's Global Retail & Consumer sector team, will also join the Board of Directors.
Jerrod Blandino (Chief Creative Officer) and Jeremy Johnson will retain significant ownership in the company with the creativity and direction of brand.
(PRNewswire, 2015)
Industry Share:
Estée Lauder net income $93.5M
Ranked number 2 out of 25 by WWD based on sales, marketing, and brand equity
Media Contacts
Markie Price (Brandlink Communications for Too Faced Cosmetics)
Phone: +1-917-776-4218
Strengths
Celebrity endorsements
Innovative formulas
Cruelty free
Large online presence among competing cosmetic brands
Pretty packaging
Inspiring Confidence
Encouraging Experimentation
Offering Guidance
Freely Giving Encouragement and Support
Supporting Personal Beauty Experiences
Supporting Women, Not Trends
Celebrating Women
Parben Free
Weaknesses
Expensive
Limited demographic
Marketing as a strong brand for celebrating “women” yet it excludes for growth among the LGBTQ community
Growth
Sample with purchase
Annual and bi-annual sales
Special pricing on limited edition palettes or new releases
Trends
Eye shadow color palettes
Collaborations with influencers, celeb products
Contouring palettes
Shimmer kits
Specialization
Created the first glitter eye shadow
Teddy Bear vegan brushes
Chocolate Soleil bronzers made with cocoa anti-aging properties
Better Than Sex mascara