Beauty makes an appearance on this year’s Inc. 5000

By Deanna Utroske

- Last updated on GMT

Beauty makes an appearance on this year’s Inc. 5000

Related tags Privately held company

The popular magazine for entrepreneurs and business owners ranks the fastest growing private companies, and three beauty industry firms made the grade for 2016.

Topping the list is California-based Loot Crate—a company not in cosmetics or personal care—that delivers monthly subscription boxes filled with tech gadgets, anime collectibles, video games, and the like. Just for perspective, Inc. puts that consumer products company’s revenue at $116.2m and their 3-year growth figure at 66,789%.

Beauty adjacent

Three companies on this year’s list of the fasted growing private companies are from the cosmetics and personal care industries. Two of these don’t make product.

AVEYOU Beauty is an online and brick-and-mortar beauty boutique. The company was launched in 1970 by Lisa and Brian Esposito, whose father owned Esposito Beauty Supply (later Salon Professional Services, catering to the wholesale market).

New Jersey-based AVEYOU has ranked on the Inc. 5000 list for seven consecutive years now. This year, the company holds the 3,341 spot, with 99% 3-year growth and revenue for the year reported at $8m.

Boca Beauty, a Florida-based company running a diploma program for beauty and wellness professionals, made the Inc. list for the second year running. That company (which got its start in 1991) is number 3,335 in the rankings, with 99% 3-year growth and $3m in revenue for 2015.

Industry insider

Hatchbeauty Products is at number 753 on the Inc. 5000 this year, with $59.1m in revenue for 2015 and 3-year growth at 530%.

Hatchbeauty is on the West Coast in Los Angeles, California. And, the company offers full service product development and manufacturing to beauty, cosmetic, and personal care brands. They provide a stand-alone branding and product development service as well as retail strategy development.

Some of today’s popular skin, hair, and grooming brands are among the company’s clients: Bliss, eSalon, and Dollar Shave Club.  The Hatchbeauty site includes some client feedback, which suggests why the private company has been so successful: “Hatchbeauty has been unbelievably helpful throughout the development process. They have so many ideas and were able to understand how my vision would succeed at stores,” ​writes Salma Hayek about her work with the company on the Nuance brand.

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