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  1. Home
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  3. Beauty & Personal Care
  4. Equate
Equate logo
Beauty & Personal Care

Who Owns Equate?

Equate is owned by Walmart Inc., a publicly traded American retail corporation listed on the New York Stock Exchange under the ticker WMT. Equate is Walmart's private label brand for health, beauty, and personal care products, offering alternatives to national brands at lower prices. The brand was originally created by L. Perrigo Company and was acquired by Walmart. Equate products are sold exclusively at Walmart stores and on Walmart.com.

Parent Company

Walmart Inc.

Acquired

1993

Status

Publicly Traded

Headquarters

Bentonville, Arkansas, USA

Equate Timeline

1962
Walmart Inc.

Parent company established in Bentonville, Arkansas, USA

Company Founded
1986

Equate

Founded by L. Perrigo Company (original creator)

Founded
1993
Acquired by Walmart Inc.

Walmart Inc. acquired Equate

Acquired
United StatesOfficial Website

Who Owns Equate?

  • Parent Company: Walmart Inc.
  • Ownership Type: Brand division
  • Acquisition Year: 1993
  • Company Type: Publicly Traded
  • Stock Ticker: NYSE: WMT
BrandParent CompanyOwnership Type
EquateWalmart Inc.Brand division

Where to Buy

Disclosure: We may earn commission from purchases
AmazonEquate on Amazon

History of Equate

  • Founded: 1986
  • Founders: L. Perrigo Company (original creator)
  • Acquired by Walmart Inc.: 1993

The Equate brand was created in the late 1980s by L. Perrigo Company, a Michigan-based manufacturer that specialized in producing store brand over-the-counter medications. Perrigo developed the Equate name as a private label brand for retailers, offering generic alternatives to national brand OTC medications like Tylenol, Advil, and Claritin.

Walmart adopted the Equate brand for its private label health and beauty products in the early 1990s. The brand initially focused on over-the-counter medications: pain relievers, cold and flu remedies, antacids, and allergy medications. These products were priced 20 to 40 percent below the equivalent national brands, making them attractive to Walmart's value-conscious customer base.

Throughout the 1990s and 2000s, Walmart expanded the Equate brand beyond OTC medications into personal care and beauty products. The brand added skincare products, hair care, oral care, feminine hygiene, first aid supplies, and vitamins. By the 2010s, Equate covered nearly every category in the health and beauty section of Walmart stores.

Equate has become one of the most widely purchased private label brands in the United States. According to market research data, Equate has approximately 75 percent U.S. household penetration, meaning three out of four American households have purchased an Equate product. This makes it one of the top two or three store brands in the country by household penetration, alongside Walmart's Great Value grocery brand.

Walmart does not disclose Equate-specific revenue. The brand generates billions in annual sales across hundreds of SKUs. Equate's product range includes over 1,000 items spanning OTC medications, personal care, beauty, vitamins, and first aid.

In recent years, Walmart has expanded Equate into wellness and preventive health categories, including sleep aids, probiotics, and topical pain relief. The brand has also introduced larger pack sizes and multipacks to compete with club store pricing.

About Walmart Inc.

What does Walmart own?
Walmart Inc. owns Walmart Supercenters, discount stores, and Neighborhood Markets in the US; Sam's Club warehouse clubs; approximately an 81% stake in Flipkart (India's leading e-commerce platform); Walmart Mexico (Walmex), the largest retailer in Mexico; Walmart Canada; and operations in Central America, Chile, China, and other countries. Private-label brands include Great Value, Equate, Onn., Mainstays, and Bettergoods. Walmart also owns Walmart Connect, its advertising network, and operates Walmart+, a paid membership service.

Is Walmart publicly traded?
Yes. Walmart Inc. has been listed on the New York Stock Exchange under ticker WMT since October 1970. Despite being a public company, the Walton family retains effective control through approximately 46% of shares held through Walton Enterprises LLC and other family entities. The remaining shares are held by institutional investors including Vanguard and BlackRock, and by public shareholders.

Who founded Walmart?
Sam Walton founded Walmart, opening the first store in Rogers, Arkansas on July 2, 1962. Walton had previously operated Ben Franklin franchise stores in Arkansas, where he developed the low-cost, high-volume retail philosophy that became Walmart's foundation. He died on April 5, 1992, at age 74. His family continues to hold the controlling stake in the company.

Where is Walmart headquartered?
Walmart is headquartered in Bentonville, Arkansas, USA, where Sam Walton established the company's roots in the 1950s. The company's global headquarters, principal executive offices, and main distribution and technology infrastructure are concentrated in northwest Arkansas. Walmart operates in more than 20 countries, with its largest store concentration in the United States.

How many brands does Walmart own?
Walmart operates approximately 20 private-label and exclusive consumer brands, including Great Value (grocery), Equate (health and beauty), Onn. (electronics), Mainstays (home), and Bettergoods (premium food, launched 2024). These brands represent a smaller portion of Walmart's total merchandise revenue than at some competitors; most of what Walmart sells is national branded products from manufacturers.

Who owns Walmart?
Walmart Inc. is a public company with shares traded on the NYSE. The largest shareholder group is the Walton family, which collectively holds approximately 46% of outstanding shares through Walton Enterprises LLC and related entities. The Walton family is consistently ranked among the wealthiest families in the world as a result of this stake, with a combined net worth estimated in excess of $200 billion. Institutional investors including Vanguard, BlackRock, and State Street collectively hold a significant portion of the remaining shares.

Is Sam's Club owned by Walmart?
Yes. Sam's Club is a wholly-owned division of Walmart Inc. It operates as a separate business segment within Walmart's financial reporting but is not a publicly traded entity on its own. Sam's Club was founded by Sam Walton in 1983, named in his honor, and operates approximately 600 warehouse club locations in the United States.

  • Founded: 1962
  • Headquarters: Bentonville, Arkansas, USA
  • Company Type: Publicly Traded
  • Stock: NYSE: WMT
  • Revenue: approximately $681 billion (FY2025, ended January 31, 2025)
  • Employees: ~2.1 million

Visit Walmart Inc. website

View full company profile for Walmart Inc.

Where Is Equate Made / Based?

  • Headquarters: Bentonville, Arkansas, USA

Equate Categories & Tags

Health CarePersonal CareOver The CounterPharmacyWalmartAffordable

Equate Sustainability & Ethics

Equate's sustainability profile is tied to Walmart's corporate ESG framework. Walmart has set environmental targets including zero emissions across its operations by 2040 and a commitment to protect, restore, or sustainably manage at least 50 million acres of land and 1 million square miles of ocean by 2030.

For Equate products, the primary sustainability considerations are packaging waste and supply chain ethics. Walmart has committed to reducing plastic waste in private label packaging, including transitioning to recyclable, reusable, or compostable packaging. Equate packaging has been gradually updated to reduce plastic content and increase use of recycled materials.

Walmart's Standards for Suppliers require all contract manufacturers, including those producing Equate products, to comply with labor, safety, and environmental standards. The standards prohibit forced labor, child labor, and unsafe working conditions. Suppliers are audited for compliance.

On animal testing, Walmart's private label beauty products, including Equate, are not certified cruelty-free. Walmart does not have a formal cruelty-free policy for its private label brands. This is a point of criticism from animal welfare advocacy groups.

The 2024 eye ointment recall raised questions about quality oversight at international contract manufacturing facilities. The recall involved products manufactured by Brassica Pharma Pvt. Ltd. in India, where FDA inspection found sterility assurance issues. This highlighted the challenge of maintaining quality standards across a global network of contract manufacturers.

Equate Recalls & Controversies

Equate has faced product recalls, primarily related to manufacturing quality issues at contract manufacturing facilities. The brand has not faced systemic safety controversies, but individual product recalls have occurred.

Eye Ointment Recall (February 2024): In February 2024, Brassica Pharma Pvt. Ltd. voluntarily recalled Equate Lubricant Eye Ointment and Equate Stye Lubricant Eye Ointment due to potential lack of sterility assurance. The FDA announced the recall for products with expiration dates from February 2024 to September 2025. The recall was initiated after an FDA inspection of the Brassica Pharma manufacturing facility in India revealed sterility assurance issues. No adverse events were reported, but the potential lack of sterility posed a risk of eye infections. This recall highlighted the quality control challenges of sourcing OTC products from international contract manufacturers.

Quality Control Across Contract Manufacturers: Equate products are manufactured by dozens of contract manufacturers across multiple countries. Maintaining consistent quality across this network is an ongoing challenge. The eye ointment recall demonstrated that FDA inspections can identify manufacturing deficiencies at facilities producing Equate products. Walmart relies on supplier audits and FDA inspections to ensure quality, but gaps can occur.

Pricing and Quality Perception: Equate faces ongoing perception challenges from consumers and competitors who question whether lower-priced private label products are equivalent in quality to national brands. Multiple consumer testing organizations, including Consumer Reports, have tested Equate products and found them to be equivalent in active ingredient content and efficacy to national brands. However, the perception gap persists among some consumers.

Animal Testing: Equate beauty and personal care products are not certified cruelty-free. Walmart does not have a formal cruelty-free certification for its private label brands. This has drawn criticism from animal welfare organizations and consumers who prefer cruelty-free products.

Supply Chain Transparency: Walmart discloses limited information about the specific contract manufacturers that produce Equate products. Unlike national brands that prominently feature their manufacturing facilities and quality certifications, Equate products do not identify the manufacturer on packaging. This lack of transparency has been criticized by consumer advocacy groups.

Walmart Corporate Controversies: As a Walmart private label brand, Equate is indirectly affected by controversies surrounding Walmart's labor practices, competitive impact on local businesses, and supply chain ethics. These controversies do not directly involve Equate products but can affect consumer perception of Walmart's private label brands.

Brands Owned by Walmart Inc.

AllswellFurniture Appliances

Allswell

Owned by Walmart Inc.

Walmart's direct-to-consumer mattress and bedding brand offering mid-range sleep products at accessible price points, sold online and through select Walmart channels.

mattressbeddingsleep
Better Homes & GardensHousehold Consumer Goods

Better Homes & Gardens

Owned by Walmart Inc.

Licensed home goods brand available exclusively at Walmart, offering stylish furniture, decor, kitchenware, and garden products inspired by the iconic lifestyle magazine.

home-decorfurniturekitchenware
bettergoodsFood Beverage

bettergoods

Owned by Walmart Inc.

Walmart's elevated private label food brand launched in 2024, offering chef-inspired, trend-forward gourmet products at affordable prices.

gourmet-foodschef-inspiredtrend-forward
DurabrandConsumer Electronics

Durabrand

Owned by Walmart Inc.

Walmart's private label electronics brand launched in 1999, offering budget TVs, audio equipment, DVD players, and accessories. Largely supplanted by Walmart's onn. brand in recent years.

electronicstvsaudio-equipment
FabulosoHousehold Consumer Goods

Fabuloso

Owned by Walmart Inc.

Multipurpose all-purpose pour cleaner brand owned by Colgate-Palmolive, known for its long-lasting fragrance and effective cleaning performance. The number one all-purpose pour cleaner in the United States.

cleaningmultipurpose-cleanerhousehold
FlipkartRetail Ecommerce

Flipkart

Owned by Walmart Inc.

Flipkart is India's largest e-commerce marketplace, founded in 2007 and majority-owned by Walmart Inc. (NYSE: WMT). Offers retail, electronics, fashion, and groceries.

e-commerceretailonline-shopping
View all brands owned by Walmart Inc.

Frequently Asked Questions About Equate

Sources & Further Reading

  • Walmart FY2025 Annual Report (Form 10-K) -
  • Walmart Corporate Website -
  • Walmart ESG Report FY2025 -
  • FDA: Equate Eye Ointment Recall (February 2024) -
  • Perrigo Company plc Corporate Website -
  • Private Label Manufacturers Association -
  • NYSE: Walmart (WMT) -
  • Walmart Standards for Suppliers -
  • USA Today: Eye Ointment Recall Coverage -
  • Consumer Reports: Store Brand vs. National Brand Testing -

Competitors to Equate

These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.

BrandParent CompanyCountryFoundedMarket PositionPrimary MarketGender Target
Basic CareBasic CareSister Brand
Walmart
USA
2017
Mass marketUnited statesAll-ages
Simply BasicSimply BasicSister Brand
Walmart
USA
2005
Mass marketUnited statesUnisex
FaxFax
Evyap
Turkey
1970
Mass marketEuropeUnisex
Great ValueGreat ValueSister Brand
Walmart
USA
1993
Mass marketUnited statesAll Genders
MainstaysMainstaysSister Brand
Walmart
USA
1996
Mass marketUnited statesAll-ages

Learn More About Competitors

Basic CareHealthcare Pharmaceuticals

Basic Care

Owned by Walmart Inc.

Walmart's private label personal care brand offering affordable everyday essentials including health, beauty, and wellness products.

private-labelwalmartaffordable
Simply BasicBeauty Personal Care

Simply Basic

Owned by Walmart Inc.

Walmart's private label brand offering essential personal care and beauty products designed to meet everyday needs at affordable prices.

personal-carebeautyessential-products
FaxBeauty Personal Care

Fax

Owned by Evyap

Mass-market soap and personal care brand owned by Evyap, sold in over 100 countries with strong positions in Eastern Europe and the Middle East.

soappersonal-careaffordable
Great ValueFood Beverage

Great Value

Owned by Walmart Inc.

Walmart's flagship private label brand offering affordable groceries and household products across approximately 10,000 items.

private-labelstore-brandgroceries
MainstaysHousehold Consumer Goods

Mainstays

Owned by Walmart Inc.

Walmart's private label brand for home goods, including furniture, bedding, kitchenware, home decor, storage, patio and garden, mattresses, and arts and crafts. Launched in 1996. One of the top three private label brands in the United States by household penetration. Available exclusively at Walmart stores and Walmart.com.

home-furniturebeddingkitchenware

Competitive Analysis

Market Positioning: Equate competes with 5 brands in the same categories, ranging from mass market to luxury positioning.

Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.

Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.

Independent Alternatives to Equate

Looking for brands with different ownership structures? These similar brands are not owned by Walmart Inc., giving you alternative choices that support different corporate structures.

FaxBeauty Personal Care

Fax

Owned by Evyap

Mass-market soap and personal care brand owned by Evyap, sold in over 100 countries with strong positions in Eastern Europe and the Middle East.

soappersonal-careaffordable
Privately Owned

Fax is privately owned, unlike Equate which is under a publicly traded parent company.

GibbsBeauty Personal Care

Gibbs

Owned by Evyap

Men's personal care and grooming brand owned by Evyap, a privately held Turkish personal care company founded in 1927. Gibbs offers shaving products, deodorants, and grooming items primarily in European, Middle Eastern, and Central Asian markets.

personal-caregroomingmens-grooming
Privately Owned

Gibbs is privately owned, unlike Equate which is under a publicly traded parent company.

Great ClipsBeauty Personal Care

Great Clips

Owned by Great Clips, Inc.

Value hair salon franchise brand owned by Great Clips, Inc. and operated through more than 4,400 franchisee-owned salons.

hair-salonshaircutsfranchising
Privately Owned

Great Clips is privately owned, unlike Equate which is under a publicly traded parent company.

ActivexBeauty Personal Care

Activex

Owned by Evyap

Turkish antibacterial soap and personal hygiene brand owned by Evyap, one of Turkey's largest consumer goods manufacturers. Activex uses silver ion technology and is sold primarily in Turkey and Middle Eastern markets.

antibacterialsoappersonal-hygiene
Privately Owned

Activex is privately owned, unlike Equate which is under a publicly traded parent company.

ArkoBeauty Personal Care

Arko

Owned by Evyap

Turkish brand of men's grooming and shaving products manufactured and marketed by Evyap, known for affordable quality shaving soaps.

shavingsoapmens
Privately Owned

Arko is privately owned, unlike Equate which is under a publicly traded parent company.

Dollar Shave ClubBeauty Personal Care

Dollar Shave Club

Owned by Nexus Capital Management

American direct-to-consumer razor and grooming brand known for its subscription model and viral marketing.

razorsgroomingdtc
Privately Owned

Dollar Shave Club is privately owned, unlike Equate which is under a publicly traded parent company.

Walmart Inc. Stock Information

Jobs at Walmart Inc.

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Last reviewed: August 1, 2026 · Reviewed by Who Brands Editorial Team