Honest Company Sells Glo Skin Beauty to KYT Group, Brand in 5,000 Locations
Honest Company sold its professional skin-care brand Glo Skin Beauty to KYT Group, an operator-focused fund led by Kurt Kober and Michael Yanover. The brand is in 5,000 U.S. locations, with undisclosed deal terms and leadership roles set for Kober as CEO and Yanover on the board.
1. Honest Company Divests Glo Skin Beauty Brand
Honest Company sold Glo Skin Beauty to KYT Group, an operator-focused consumer investment fund led by industry veterans Kurt Kober and Michael Yanover. Terms of the transaction were not disclosed, marking Honest Company's exit from the professional skin-care segment.
2. New Leadership Appointments
As part of the acquisition, Kurt Kober, previously an executive at Honest Company and Clorox, will assume the role of CEO for Glo Skin Beauty. Michael Yanover, an early investor in beauty startups and former business development head at Creative Artists Agency, will join the brand's board.
3. Brand Footprint and Growth Strategy
Glo Skin Beauty currently operates in 5,000 U.S. locations, with plans to deepen market presence through an omnichannel strategy integrating digital commerce and physical experiences. KYT Group intends to focus on select markets and professional credibility to drive future growth.