We recently did a deep-dive on data on our recruiting work for 2022. Today, we wanted to share with you the implications of certain trends we are seeing in industries we serve.
Beauty Industry to Continue Innovating with Niche Audiences
2022 was a strong year in executive recruiting for beauty companies, especially those looking to take advantage of a post-pandemic return to public life in offices, restaurants and nightclubs. Beauty companies — both established Fortune 500 companies and newer, venture-backed companies are always looking to capture new markets, especially younger consumers.
Private Equity Meets Family Tradition in Wines & Spirits
Many businesses in wines & spirits have existed for decades, if not centuries. They are held by families and exist in a highly regulated global market with many idiosyncratic local differences. That said, this relationship-based industry is attracting a lot of interest from private equity looking to move into acquiring potentially lucrative wines & spirits companies that might pay big dividends. All of this means a unique recruiting challenge that we are more than ready to handle.
Watches & Fine Jewelry Continue to Court Younger Consumers
Client companies in watches, jewelry and other luxury goods turns to us because we have a strong track record in placing executives in roles with their companies. Like wines & spirits, this business is typically pretty traditional and built on strong relationships. That said, we also find our client companies wishing to innovate through new product lines and using digital marketing to reach younger consumers.
Tobacco and Related Industries Focus on Product Development
2022 brought a lot of change and opportunity in the tobacco and cannabis space. With our long-term experience in placing executives in highly regulated industries like tobacco, we also have been called on for executive recruitment in newer, but substantially similar, cannabis concerns. And over the last year in recruiting for both industries, a few common themes have emerged
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