Page 13 - Money - November 2018
P. 13

into skin care makes Moon Juice
                                                                            into
                                                                            more accessible—Bacon’s dusts are
                                                                            mor
                                                                            covetable, but they’re a bit of a hard
                                                                            cove
                                                                            sell
                                                                            sell for the average customer.
                                                                            Exfo
                                                                            Exfoliants and serums aren’t foreign
                                                                            to S
                                                                            to Sephora shoppers. Even Super-
                                                                            You, the $49.99 daily supplement, is a
                                                                            You
                                                                            prod
                                                                            product most people can get behind.
                                                                               “ “Everyone knows how to take a
                                                                            mul
                                                                            multivitamin,” Bacon says. “This is
                                                                            how
                                                                            how to reach masses of women.”
                                                                               S
                                                                               Sephora already carries some
                                                                            supplements online, but starting this
                                                                            supp
                                                                            fall,
                                                                            fall, the retailer will bring more
                                                                            inge
                                                                            ingestible beauty in-store, a decision
                                                                            prompted in part by how deeply
          But Bacon’s company didn’t stem  Whether she’s on a conference panel  Moon Juice products have resonated
          from an ayahuasca trip or a weekend  or meeting one-on-one with an  with shoppers, says Priya Venkatesh,
          at Coachella. She’s put in years of  investor, Bacon speaks slowly and  senior VP of merchandising. Even
          painstaking legwork: traveling back  deliberately, pausing to reflect on  the more esoteric products, like
          and forth to India to source and  a question instead of rushing into a  a plumping serum with “silver ear
          study plants, working with herbalists  talking point. When she discusses  mushroom,” is selling well, according
          and Ayurvedic doctors to determine  building her leadership team, it’s not  to Venkatesh.
          dosage levels, and using herself as a  about “ROI” or “market penetra-  “It’s more than just popping a
          guinea pig for everything from taste  tion.” It’s “finding the souls to fill  pill,” she says. “People are getting
          to potency.                      these positions.”                into the ritual of these things.”
             Today, Bacon’s DIY approach has  I met with her and Gruber at     When customers buy a Moon
          earned the confidence—and seed    a vegan café in Manhattan this   Juice product, they’re buying into a
          money—of investors like Greg     summer—they had joined up to     lifestyle, Venkatesh explains. They’re
          Renker, cofounder of the marketing  discuss the ongoing Sephora rollout,  making a commitment: to sprinkle
          company behind Proactiv, and     among other things. They made an  something onto their breakfast
          Desiree Gruber, CEO of the media  odd couple—Gruber in high heels  smoothie every day but also to have
          agency Full Picture.             and Gucci, Bacon in a peasant top,  that smoothie in the first place.
             “She’s an alchemist,” Gruber  Sex Dust at arm’s length for inter-  Of all the things working in
          tells me a few weeks after my first  mittent “dusting”—but they fell into  Bacon’s favor, this might be the most
          meeting with Bacon. “And wellness  the natural rapport of two friends  critical. After all, the CEO’s public
          with health is going to get bigger.  with a juicy secret: that Moon Juice  persona started with a thorough,
          Customers are so educated these  is still an insider’s obsession, but it’s  virtual tongue lashing for subscrib-
          days, they want to know what’s in  about to blow up.              ing to a particular lifestyle a little too
      JUICE  their products.”              the wellness market Moon Juice   vehemently. Now, that very lifestyle
                                              “Ingestible beauty,” the slice of
             Bacon is an unlikely corporate
                                                                            is endorsed by one of the most
      ALL PRODUCTS: COURTESY OF MOON  interact with the business elite is a  the end of 2017, U.S. sales of ashwa-  candidate,” Bacon told me the first
                                           belongs to, is heating up fast. At
                                                                            powerful beauty brands around.
          thought leader, and watching her
                                                                               “I’m sort of like the least likely
                                           gandha, one of the medicinal herbs
          small marvel. She’s no stranger to
                                                                            time we met. “I don’t have a college
          startup culture—the first Moon
                                           in SuperYou, were up 200% from the
          Juice was built just four blocks from
                                           year before, according to Nielsen.
                                                                            degree. I certainly haven’t been to
                                                                            business school. But I’m also a
                                              Bacon’s big push centers on
          Google’s L.A. campus—but her
                                           “adaptogens,” those plants she
                                                                            hungry businessperson who stum-
          frame of reference rarely dips into
                                           discovered 12 years ago while working
                                                                            bled upon this culty idea. And I want
          the tech-bro workbook, or any of the
                                           in fine-dining kitchens. Branching
                                                                            to take it beyond cult status.”
          buzzwords beloved by Wall Street.

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