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Blistex Inc. was founded in 1947 in the business of developing and marketing lip care products. [1] It manufactures and sells a wide range of lip balm, lip ointment, and other lip-related products under the Blistex brand name. [2] [3] Blistex is headquartered outside of Chicago in Oak Brook, Illinois. [4]
The company began selling Kylie Lip Kits, a liquid lipstick and lip liner set, on November 30, 2015. [2] Formerly known as Lip Kit by Kylie, the company was renamed Kylie Cosmetics in 2016. [citation needed] In 2018, Forbes reported that the company was valued at $800 million and in March 2019 valued the company at $900 million.
Jonathan Teller created the EOS lip balm in 2006. In 2015, EOS was the second highest-selling lip care in the world, with 11.5% of the market share in the United States. [2] The lip balms are sold at retail stores in 18 countries [3] and online through the company's website. In 2017, EOS sold nearly 2 million units per week globally. [3]
The company continued further expansion under the management of Alfred's son Don and grandsons Paul and Eric. [7] In 2002, mint-flavored Carmex lip balm (SPF 30) joined original Carmex lip balm in the product line, and Carmex lip balm became available throughout North America, Australia, Europe, Asia and Africa.
It later expanded its product line to include skin serums, masks, shower gel, body lotion, fragrance, lip balms and lipstick. [9] In 2018, Glossier more than doubled its revenue in 2018, adding over 1 million new customers. [10] In 2018 and 2019, Glossier raised another $150 million, valuing the company at $1.2 billion.
In 1995, the company moved its manufacturing operations into a 18,000-square-foot (1,700 m 2) former garment factory in Creedmoor, North Carolina. Although Burt's Bees continued to focus on the "homemade" product theme, automated machines, such as a former cafeteria mixer from Duke University , were introduced to increase production.
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