Gurwitch Products
{{Short description|Cosmetics Products}}
{{Infobox company
| name = Gurwitch Products
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| type = Cosmetics company
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| foundation = 1995
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| location_city = Stafford, Texas
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| area_served = Worldwide
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| industry = Cosmetics
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| owner = Shiseido
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| homepage = {{URL|http://www.gurwitchproducts.com/}}
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Gurwitch Products is a Houston, Texas-based subsidiary of Shiseido that produces, manages, and markets cosmetics and skincare products.{{cite web|last=Bloomberg Businessweek|author-link=Bloomberg Businessweek|title=Company Overview of Gurwitch Products, L.L.C. |url=http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=1001890 |archive-url=https://archive.today/20130118192704/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=1001890 |url-status=dead |archive-date=January 18, 2013 |access-date=24 July 2012}} Gurwitch produces and markets products under two brands, Laura Mercier Cosmetics and RéVive Skincare.{{cite news |title=Claudia Poccia Named President and CEO of Gurwitch Products |url=http://www.businesswire.com/news/home/20110126005707/en/Claudia-Poccia-Named-President-CEO-Gurwitch-Products |work=Business Wire |date=26 January 2011 |access-date=13 September 2012}}
Company history
Gurwitch Products was founded by Janet Gurwitch, the former executive vice president of Neiman Marcus, and Gary M. Kusin in 1995. With makeup artist Laura Mercier, Gurwitch and Kusin licensed Laura Mercier's name and created the Laura Mercier Cosmetics brand in 1996.{{cite news |title=Yes More Mascara: How to Launch a Good-Looking Cosmetics Brand |author=David Whitford |url=https://money.cnn.com/magazines/fsb/fsb_archive/2004/07/01/375665/index.htm |newspaper=CNN Money |date=1 July 2004 |access-date=13 September 2012}}{{cite web |url=http://www.lauramercier.com/store/content/htmlTemplate.jsp?itemCat=meetLaura |title=Laura Mercier: Makeup Artist |work=lauramercier.com |publisher=Laura Mercier |access-date=13 September 2012 |archive-url=https://archive.today/20130127154819/http://www.lauramercier.com/store/content/htmlTemplate.jsp?itemCat=meetLaura |archive-date=27 January 2013 |url-status=dead }} Gurwitch's former employer, the Neiman Marcus Group, purchased a 51 percent stake in the company in 1999.{{cite news |title=Compressors, cosmetics headed to Stafford |author=Mary Ann Azevedo |url=http://www.bizjournals.com/houston/stories/2004/06/14/story3.html?page=all |work=Houston Business Journal |date=13 June 2004 |access-date=13 September 2012}}{{cite news |title=Gurwitch Products gets ownership makeover |author=Mary Ann Azevedo |url=http://www.bizjournals.com/houston/stories/2006/08/07/story3.html?page=all |work=Houston Business Journal |date=6 August 2006 |access-date=14 September 2012}}
In August 2006, Gurwitch Products, which was valued more than $120 million at that time,{{Cite web|date=2019-06-07|title=Powerhouse Houston Investor Turns Beauty Into Gold and Makes a Winning Bet on Astros|url=https://www.papercitymag.com/society/janet-gurwitch-beauty-entrepreneur-investor-houston-astros-minority-owner/|access-date=2020-07-14|website=PaperCity Magazine|language=en-US}} was acquired by and became a wholly owned subsidiary of Alticor.{{cite news |title=Alticor acquires luxury cosmetics producers Gurwitch |author=Simon Pitman |url=http://www.cosmeticsdesign.com/Business-Financial/Alticor-acquires-luxury-cosmetics-producer-Gurwitch |work=cosmeticsdesign.com |date=1 August 2006 |access-date=13 September 2012}} Laura mErcier 6 when it was sold.{{Clarify|reason=|date=August 2020}} In 2008, the company acquired the premium anti-aging skincare products line RéVive Skincare, along with its parent company, Bays Brown Laboratories.{{cite news |title=RéVive Skin Care sells for almost $50 million |author=Sarah Jeffords Pister |url=http://www.bizjournals.com/louisville/stories/2008/06/02/story2.html?page=all |work=Business First |date=29 May 2008 |access-date=13 September 2012}} Janet Gurwitch resigned in 2008. Shiseido acquired Gurwitch Products in 2016.
The company maintains corporate offices in Manhattan, Houston and London, and its products are sold in more than 1,000 stores across 27 countries.{{cite news |title=Laura Mercier: A Natural Beauty |author=Tina Gaudoin |url=https://www.wsj.com/articles/SB10000872396390443404004577581191211066230 |work=The Wall Street Journal |date=17 August 2012 |access-date=13 September 2012}}
References
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External links
- [http://www.gurwitchproducts.com Gurwitch Products]