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Why One Beauty Founder Made The Rare Choice To Sell His Brand To His Employees

Summary by Beauty Independent
Founder Tom Porter believes the best custodians of Malibu C’s future are its employees. When he retired from the haircare and skincare brand last year, Porter sold the now 40-year-old company to an employee stock ownership plan (ESOP) trust, a legal entity that holds shares of Malibu C stock ... The post Why One Beauty Founder Made The Rare Choice To Sell His Brand To His Employees appeared first on Beauty Independent.
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Beauty Independent broke the news in on Friday, June 6, 2025.
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