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Over $1 Billion Valuation Around the Olive Trees with Olive Tree People and Oliveda International, Inc. (OLVI)
GlobeNewswire·2025-05-07 16:49

Core Insights - Oliveda International, Inc. has achieved a valuation of over 1billionwithintwoyears,drivenbyitssubsidiaryOliveTreePeople,whichisrecognizedasthefastestgrowingcompanyinthewaterlessbeautysegment[1][4].CompanyGrowthOliveTreePeoplebeganoperationsinMarch2023fromagarageinVeniceBeach,initiallyprocessingaround40ordersperday,whichsurgedto10,000ordersdailywithinafewmonths[2].Thecompanyfacedsignificantlogisticalchallenges,includinga3,0001 billion within two years, driven by its subsidiary Olive Tree People, which is recognized as the fastest-growing company in the waterless beauty segment [1][4]. Company Growth - Olive Tree People began operations in March 2023 from a garage in Venice Beach, initially processing around 40 orders per day, which surged to 10,000 orders daily within a few months [2]. - The company faced significant logistical challenges, including a 3,000% increase in production and managing backorders, but successfully expanded its warehouse capacity to support sales exceeding 100 million in two years [3][4]. Market Potential - The waterless beauty market is described as having almost limitless potential, with plans for expansion into Canada in summer 2025 and Europe in October 2025 [5]. - Waterless beauty has been recognized as "The Next Big Thing" by various industry publications, indicating strong market interest and consumer engagement [8]. Product and Brand Development - Oliveda International, Inc. specializes in waterless beauty products derived from mountain olive trees, with a focus on holistic and organic certifications [5]. - The company has developed unique treatment concepts that have been validated by conventional medicine, enhancing its credibility in the beauty industry [8]. Social Responsibility - The founder, Thomas Lommel, is also noted for his conservation efforts, protecting over 30,000 century-old mountain olive trees and providing water to communities in Africa through his foundation [6].