The business of beauty is a big one, but when it comes down to it, there are eight mega companies that have a hold on the cosmetic market and own a huge number of our favorite makeup, hair, and skincare brands. On today’s episode, we break down which brands are sisters and what parent conglomerates own them, from L’Oreal to LVMH. You might be surprised to learn that your favorite drugstore lipstick is made by the same company that formulates your go-to luxury moisturizer. That said, just because a company owns different brands doesn't mean they swap trade secrets, or even that their formulas change. Learn about what companies own what brands, which incubators are on the rise, and get your top acquisition questions answered.

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