Clairol
  • Sales and earnings declining at double-digit rates when team took over leadership of business

  • Acquired Matrix Essentials (a leading salon brand in the US) and dramatically improved performance

  • Executed turnaround, resulting in #1 retail position in haircare in the US

    • Recognized as best-performing business within the Bristol-Myers Squibb portfolio

    • Created Herbal Essences brand which achieved $700+ million in sales

  • When Bristol-Myers Squibb strategically decided to exit non-pharma businesses, team led divestiture of Clairol for $5 billion and Matrix for ~$600 million, both for ~15x EBITDA

JW Levin Management Partners.  All Rights Reserved 2017.