Industry News

The 182 Beauty Companies Owned by 7 Major Leaders

Source: Business Insider

The INSIDER Summary:

  • Beauty is a big industry with hundreds of brands.
  • 182 of those brands are owned by seven conglomerates.
  • They employ thousands and make billions of dollars each year.
  • They also are responsible for advertising and the way we think about beauty.

As consumers, we like to think that we're making a conscious decision when we buy from a certain brand, especially when it comes to something as personal as beauty products. But it turns out that 182 beauty companies fall under the massive umbrellas of seven huge manufacturers. Read more on BusinessInsider.com.