Jabot Cosmetics

From Wikipedia, the free encyclopedia

Jabot Cosmetics is a fictional cosmetics business on the CBS daytime soap opera The Young and the Restless.

Jabot Cosmetics was founded by John Abbott (Jerry Douglas) sometime in the 1960s. Jabot is famous for selling expensive, high class cosmetics.

Jabot has had a tumultuous history. In the early 1980s John considered fallowing his son Jack's advice to sell Jabot but then changed his mind once he found out that the company offering to buy Jabot (Mergeron Enterprises) was owned by his ex-wife Dina Abbott Mergeron (Marla Adams). A few years later Jabot had another shake up when after finding out his son Jack Abbott (Peter Bergman) was having an affair with his younger wife Jill Foster Abbott (Jess Walton) he disowned Jack and fired him from Jabot. John filed for divorce and because he didn't want the facts about Jack and Jill's affair made public he gave Jill a divorce settlement that included 1/4 ownership of Jabot, an executive position worth $150,000 a year, and a seat on the Jabot Board of Directors. John replaced Jack with his new son-in-law Brad Carlton (Don Diamont), who was a salesman to that point. Jill and Brad started the Jabot Men's Line and made it into a success. But after a while the job became too much for Brad to handle and so John hired Jack back.

In 1990 Jack convinced John to go public with Jabot by selling shares of Jabot stock in the stock market. This backfired on Jack when his rival Newman Enterprises C.E.O. Victor Newman (Eric Braeden) bought enough shares to takeover control of Jabot. Losing Jabot caused John to have a heart attack and caused Victor to fire Jack and replace him with Brad. To get back at Victor, Jack married Victor's ex-wife Nikki Newman (Melody Thomas Scott) before Victor could propose re-marriage to Nikki. Victor offered to give control of Jabot back to the Abbott family if Jack divorced Nikki. Even though Jack had fallen in love with Nikki he accepted Victor's offer out of guilt and loyalty to John. But Victor used a loophole in the contract and voided the deal. After Nikki found out Jack chose Jabot over her she started divorce proceedings. But after Jack saved her daughter Victoria's life and then finding out she was pregnant with Jack's child, Nikki decided to stay with Jack. Victor later married Jack's sister and Jabot's chemist Ashley Abbott (Eileen Davidson).

A couple of years later Jack with Brad planned a hostile takeover of Newman Enterprises. But Victor found out about it and during a heated exchange Victor fired Jack and then collapsed. Jack walked over Victor and towards the door leaving him to die. But Jack used his better judgement and called 911, saving Victor's life.

After some being confrontations with Ashley, Nikki, and his daughter Victoria, Victor went on a trip to the country to get away from his problems. Victor was robbed and carjacked and the man who did it ended up dying in a car accident in Victor's car. Everyone back in Genoa City thought Victor was dead and so Jack used "Victor's death" to his advantage and took over control of Newman Enterprises. This also meant he controlled Jabot as well. Jack appointed Brad head of Newman Enterprises. Months later Victor returned to Genoa City alive and well. Victor fired Jack for taking over control of Newman Enterprises and as a result John and Ashley resigned from Jabot. The Abbotts decided to create a new cosmetics company to rival Jabot. But because of Victor their loan application was denied and so their plans were halted. Jack then promised to stay away from Jabot if Victor hired John and Ashley back. Eventually Jack returned to Jabot as well.

Many years later Victor was missing and once again thought to be dead after his airplane crashed in New Mexico. Jack and Brad once again took over control of Newman Enterprises by changing spreadsheet numbers and packing the Newman Board of Directors with Jack's old flame and Victor's newest ex-wife Diane Jenkins (Alex Donnelley) and with her lawyer Michael Baldwin (Christian LeBlanc). When Victor returned it was tougher for him to rest control of his company away from Jack and Brad.

The 1999 vote for C.E.O.(s) of Newman Enterprises:

Jack Abbott - Himself and Brad Carlton
Brad Carlton - Himeslf and Jack Abbott
Jill Abbott - Victor Newman
Neil Winters (Kristoff St. John) - Victor Newman
Victoria Newman (Heather Tom) - Victor Newman
Michael Baldwin - Jack Abbott and Brad Carlton
Diane Jenkins - Jack Abbott & Brad Carlton
Victor Newman - Himself
Ashley Abbott - abstained

Jack told Victor that he would give him back Newman Enterprises if Victor gave control of Jabot back to the Abbotts. Victor seeing what Jack really wanted counter offered that the Brash & Sasst division must stay with Newman Enterprises and that Jack must buy Jabot from him. The Abbotts gathered enough money but they fell short during Victor's deadline. Victor bought up all the Abbott's bank loans and as Victor was about take back control of Jabot, Ashley convinced him to extend the deadline. Jack convinced Nikki to loan the Abbotts 35 million dollars in exchange for a board seat at Jabot. Ashley also convinced Brad to loan them money in exchange for a board seat as well. The Abbotts finally had enough money to buy back Jabot from Victor. After over a decade under Newman's control the Abbott family finally owned Jabot outright again.

A couple of years later Jabot was about to buyout another cosmetics company which focused of African-American women by the name of Satine Cosmetics. But Newman Enterprises outbid Jabot and bought Satine Cosmetics out from under Jabot. Jabot decided to resurrect a similar idea of Ashley's called Tuvia to compete with Satine Cosmetics (which Newman later renamed Safra). Drucilla Winters (Victoria Rowell) who was an longtime Abbott family friend and Jabot spokeswoman stole a business card that belonged to former Satine Cosmetics chemist Damon Porter (Keith Hamilton Cobb) from her husband's Neil's desk. She convinced Damon to work for Jabot (Tuvia) instead of Newman (Safra). Jabot which was still having financial problems saw the Tuvia line as a way to save Jabot for the long term. Jabot had a long and respected reputation of great products, an experienced chemist in the field in Damon Porter, and long standing ties with popular department stores around the country.

But Victor wanted to destroy Jack and therefore Jabot. Victor hired Michael Baldwin to bribe the retailers into giving Newman's Safra the front shelf space that normally showcased Jabot's products. The day before both Tuvia and Safra were to debut Victor went to see Ashley who was staying in a remote cabin and was late into her pregnancy to tell her not worry about what is about to happen. Of course the next day Safra came in first and Tuvia came in second which shocked the Abbotts. The lower then expected sales worried the Abbotts. So Ashley decided to return to Genoa City knowing Victor was behind Tuvia's bad sales. Ashley got into a nasty car crash and was rushed to the hospital. Brad and Ashley's baby (Robert) died as a result.

Because of Tuvia's lack luster sales Jack accepted Diane's offer to invest her money into Jabot to bail them out.