How a New Zealand Toymaker Became a Beauty Challenger
The Zuru Group, which owns brands like Monday Haircare and Daise, has used its manufacturing prowess and retailer relationships to build a $1 billion business. One woman leads them all.
The Zuru Group, a New Zealand-based toymaker, has established itself as a significant player in the beauty industry. With brands such as Monday Haircare and Daise, the company has amassed a $1 billion business. One woman stands at the helm, steering the conglomerate's diverse portfolio. As the modern era of social media has evolved, the most valuable brand is no longer the one with the highest number of followers but the one with the most engaged audience.
Meanwhile, France's highest court recently ruled against a bill that would have restricted social media access for minors, arguing that such a measure would infringe upon freedom of expression. The American company too, is set to report its earnings after a challenging quarter marked by the cancellation of a merger, the withdrawal of brand divestments, and significant changes in executive positions. The market's reaction to these developments remains to be seen.
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