Exhibit 99.5
CROWN CEO LETTER TO SALESFORCE
| | |
TO: | | Crown Salesforce Team |
FROM: | | Jeff Bedard, Founder and Chief Executive Officer |
DATE: | | August 12, 2024 |
RE: | | Exciting Development for Our Company & Customers |
Hi X,
I am writing to share some exciting news about our company, as we have taken a significant step forward in our vision to become a fully integrated global skincare company.
Today, we announced that Crown has entered into a merger agreement with Revance, an aesthetics company setting the new standard in healthcare with innovative aesthetic and skincare offerings that enhance patient outcomes and physician experiences.
Upon completion of the deal, we expect that Crown will become one of the leading global aesthetics and skincare companies in an attractive, high-growth market. We will have one of the most comprehensive portfolios of skin health and aesthetic brands, with product lines for anti-aging, acne, and sun care. We also expect to have one of the largest distribution footprints in skincare across retail and e-commerce channels, with the ability to serve an omni-channel audience, including mass retail, specialty retail, club, ecommerce, med spas and physician practices.
We plan to remain dedicated to developing and providing safe and effective scientific solutions for life-long healthy skin. We are extremely excited about this transaction, which will be truly valuable to our customers as we will soon operate at the intersection of professional aesthetics and consumer skincare.
Until the deal closing, which is expected by year end, Crown and Revance will continue to operate as separate and independent companies. During this time, we will continue to supply our customers and we expect no disruption in service as we work towards closing.
The strength of our salesforce team is one of the most important parts of this merger, and we ask that your work remains “business as usual” as we finalize the deal. Your main focus, as always, should be doing what’s best for customers, and it is critical that you remain focused on your day-to-day responsibilities.
I look forward to welcoming the Revance salesforce team and integrating the two best-in-class teams following the closing of the transaction. Together, we will harness the strengths of both companies and aim to achieve unprecedented success.
As we go through this process, outside parties may inquire about the transaction. We ask that you do not comment on the transaction or provide any details. If anyone reaches out to you with questions, please refer them to our PR agency of record ICR at Crown@icrinc.com.
We look forward to sharing more with you as soon as we’re able. While we do not have all the answers right now, we’ll learn more as the deal gets finalized. Below please see talking points that you can use to discuss with your customers if they bring up or have questions about the merger.