Culture eats Strategy for breakfast.
Beautycounter’s demise provides vivid testament to the wisdom of this adage, and reasons why so many private equity takeovers fail to pay off.
https://www.nytimes.com/2024/07/10/business/beautycounter-carlyle-gregg-renfrew.html?smid=nytcore-ios-share&referringSource=articleShare&sgrp=c-cb
How Beautycounter Fell Apart, Sinking Almost $700 Million With It

When the private equity firm Carlyle bought Beautycounter, the skin care brand that people sold at kitchen tables, everything changed.

The New York Times