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Blackstone-backed skincare brand approaches $2 billion valuation

Blackstone's investment in ZO Skin Health could value the skincare company at about $2 billion, Fortune reported. The brand built its business through dermatologists and medical spas rather than major beauty retailers or celebrity endorsements. The available RSS material did not identify a transaction, buyer or timetable for a potential valuation event.

Why it matters

The prospective valuation highlights investor demand for consumer brands that grow through professional distribution rather than mass retail.

Sources

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