It hasn’t been long since Huda Kattan pledged $100,000 in support of her fellow makeup artists who are struggling amidst the ongoing pandemic, but a new announcement proves just how considerate the beauty mogul is. She recently spoke with Editor-in-Chief of The Business of Fashion Imran Amed to discuss how she and her company – which currently employs 267 people globally – are coping.
With entire economies shutting down, businesses are preparing for the worst, with many having to lay off employees. That, however, will not be the case at Huda Beauty as Kattan will forego her salary until the end of the year to protect her employees. “I’m hoping that as a company we come out closer,” she said. “Financially, I don’t know what that means, but I’m more concerned with the team right now. Our employees are and always have been at the heart of everything that we do here at Huda Beauty. I know that the finances will come along… hopefully,” she added. It has been reported that Kattan’s family members – Co-Founder and Global President Mona Kattan and Chief Operating Officer Chris Goncalo at Huda Beauty – will also forego their wages for the rest of 2020.
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Huda Kattan, the founder and CEO of cosmetics brand Huda Beauty, has revealed exclusively to BoF that she will forgo her salary until the end of the year to protect her employees as the pandemic puts pressure on companies around the world to layoff and furlough their workers. Her family members linked to the business, including the brand’s Co-Founder and Global President Mona Kattan, Chief Operating Officer Chris Goncalo (Kattan’s husband) will also be forgoing their wages for the remainder of the year. Earlier today on #BoFLIVE, the beauty influencer-turned-entrepreneur joined BoF Editor-in-Chief Imran Amed to discuss how she is coping through the pandemic. “It’s hard as a business… I just can’t even think about selling products right now,” said Kattan, noting that multiple Huda Beauty centres have closed and its makeup launches delayed in the wake of government-imposed lockdowns. The crisis’ already unprecedented disruption of global markets, supply chains, consumer demand and workers means that businesses big and small are bracing for the worst. “I’m hoping that as a company we come out closer,” said Kattan. “Financially I don’t know what that means, but I’m [more] concerned with the team right now. I know that the finances will come along… hopefully.” [Link in bio]