![]() In 2016, she was named ambassador for entrepreneurship by US President Barack Obama. "When we built the company to an acquisition, we owned it 100%, we had never given equity, never taken a loan, there was no debt to pay off." The first training centre they set up was 1,000 sq ft (92.9 sq m), for which they paid $1,000 (£789) a month.Ībout 30 years later, in 2015, Wurwand, then 57, sold her brand to multinational consumer goods conglomerate Unilever for an undisclosed amount. "Self-funded, we never took a loan," Wurwand tells Kay. ![]() Without the necessary financial history in the US to take out a line of credit from an American lender, the two bootstrapped the business with a modest sum of $14,000 (£11,040) – a combination of their personal savings and early investment funds gathered from friends and family. After settling in Los Angeles from Scotland by way of South Africa, Jane Wurwand and her then-boyfriend, recent business-school graduate Raymond Wurwand saw a clear opening in the 1980s skincare market: to bridge the gap between salon experience and self-care education, information reserved at the time to plastic surgeons and dermatologists.
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