Name: 2018’s Fortune 500 Newcomers
Uploaded: 2018-05-16
Duration: 1 min 43 s
Description: 17 companies make their debut.

[ MUSIC ] Executives really care about being on the fortune 500 because it is a barometer for success in the community. When you're a fortune 500 company, you make real money. The moment a company first makes the fortune 500 is a really important moment in its history. The revenues have been growing and growing, and they finally reach to the point where they make the fortune 500. That's a big deal, they've arrived, it's a calling card. This year, it took about 5 billion in revenue to make number 500 on the list which is Cintas from 5 billion to 500 billion, there's a lot in the middle. But making that crossover point is really significant. We saw a few beauty industry of new commerce. Ulta Beauty is a beauty products retailer that sells both mass market beauty brands as well as Niche luxury cosmetics. Just in the past year, it launched 92 new products across all categories. The CEO, Mary Dillon, has done an incredible job. She's been on a number of our other lists. Another beauty company is Coty, which makes the list for the first time largely because of their purchase Of the beauty brands of Procter & Gamble last year so sometimes the company will make one big acquisition that then can landed on the list the following here and that's what we're seeing with Cody .>>> So, there are three newcomers to the Fortune 500 list this year in healthcare, Condition Healthcare then there's regeneron Pharmaceuticals and then there's Michelle Health. You're going to see more and more healthcare companies make the list, just because of the number of services. And the number of different types of services that these companies want to provide to consumers. So you're gonna have more and more players coming into the field trying to shake things up. [ MUSIC ]