Adore Beauty

Adore Beauty is an Australian beauty retailer. The company was founded in 1999 by Kate Morris and James Height and is based in the suburb of Northcote in Melbourne, Victoria. It is listed on the Australian Securities Exchange.

History

The company was founded in 1999 by Kate Morris, a 21-year-old business student, and her boyfriend James Height. Morris used savings and an A$12,000 loan from Height's parents to start the business, which she ran out of her garage.Bogle, Ariel
"How to take a beauty website from an Australian garage to China."
Mashable. 19 April 2016Cain, Alexandra

''The Sydney Morning Herald''. 27 July 2010 She found a company in the newspaper to build the first website, which cost A$8,000 and took six months.Smith, Fiona
"Adore Beauty’s Kate Morris founded a $16 million business on cosmetics and code."
Financial Review. 18 May 2016

At first, the company only stocked two small Australian brands: Baiame and Santalia. The first mainstream brand, Bloom, signed on in 2002. Clarins signed on in 2006.

The company had a $2 million turnover by the end of 2010. In 2014, the company secured a deal with Estee Lauder Companies to become an authorized agent for Clinique, Bobbi Brown and Estee Lauder brands. That same year, the company earned over $7 million in revenue and ranked 29th in the Smart Company ‘Smart50’ Awards. Morris won the Innovation Award for Victoria in the 2014 Telstra Women's Business Awards.Harper, Jane
"Woolworths snaps up 25 pc of online retailer Adore Beauty."
The Courier Mail. 14 May 2015

In 2015, Australian retailer Woolworths Limited bought a 25% stake in the company for an undisclosed sum. The investment grew the company 70% over one year.

The company reported an annual turn over of $16 million in 2016, carrying 150 brands and 10,000 products.Ainomugisha, Gerald
"This Australian e-commerce site is tapping into the $100 billion Chinese beauty market."
Australian Anthill. 28 Apr. 2016 The company is an official online stockist of Dermalogica, ghd, Clarisonic, Lancôme, Benefit Cosmetics, Aesop and Kérastase.Hawkes, Helen
"Good grooming in one click."
Financial Review. 23 July 2015 The company's Findation service, which compares 22,000 foundations to find the best match, had 1.5 million users, as of 2015.

In 2016, the company began expanding into China. In 2017, Morris bought back Woolworths' 25% stake in the business, restoring her stake to 100%. Morris and Height were co-CEOs until 2018 when Height became the sole CEO.

In 2019, Morris sold 60% of Adore Beauty to Quadrant Private Equity. In August 2020, Tennealle O'Shannessy took over as CEO from Height. In October 2020, the company listed on the Australian Stock Exchange.

Tamalin Morton became CEO in January 2023 after O'Shannessy left the company the previous month. In May 2023, Morris and Height announced they would step down from their executive roles (chief innovation officer and chief data officer, respectively) at the end of June but retain their boards seats.

Adore Beauty purchased Ikou, a wellness and skincare brand with three stores in New South Wales, in June 2024 for $25 million. The purchase gave Adore Beauty its first physical retail footprint and helped the company improve its private label revenue. In July 2024, Sacha Laing took over as CEO. In November 2024, the company announced its plan to open at least 20 Adore Beauty stores and expand Ikou to 8–10 stores within three years. The first Adore Beauty store opened on 1 February 2025.

See also

* Mecca (company)

References

External links

*
* {{Official website, https://www.adorebeauty.co.nz/, New Zealand official website

Companies based in Melbourne
Cosmetics companies of Australia
Online retailers of Australia
Australian companies established in 1999
Companies listed on the Australian Securities Exchange