True Beauty Ventures invests in The Maker
True Beauty Ventures has invested in The Maker fragrance line. Financial terms of the deal were not disclosed.
One/Size and IGK Hair on the hunt for buyers
Luxury Brand Partners is said to be mulling the sale of its One/Size and IGK Hair brands. The brand incubator is said to have hired The Sage Group to evaluate the various options for its star beauty lines.
Goop to open sixth bricks and mortar location
Goop has announced its sixth physical store, this time at Marun Country Mart in California’s Bay Area. The new store builds on the brand’s bricks and mortar model with the addition of a treatment room for the first time.
Seaweed Bath Co acquires Andalou Naturals and Mineral Fusion
Seaweed Bath Co has announced the acquisition of Andalou Naturals and Mineral Fusion from BWX. Financial terms of the deal were not disclosed; Natureza Growth Partners led financing for the acquisition and Managing Partner Collin Eckles will join Seaweed Bath Co’s board.
BoldHue Secures US$3.4 Million in Seed Funding for Personalized Foundation Device
Boise, Idaho-based beauty-tech company BoldHue, founded by two women, has secured US$3.4 million in seed funding to advance and launch its personalized foundation device.
Arkhouse and Brigade Capital Raise Macy’s Buyout Offer to US$6.9 Billion
Arkhouse Management and Brigade Capital have raised their buyout offer for Macy’s to US$6.9 billion.
Bacterial Contamination Found in Commercial Tattoo Inks: New Study Reveals Infection Risks
Researchers from the Division of Microbiology, National Center for Toxicological Research, part of the U.S. Food and Drug Administration in Jefferson, Ark., have detected anaerobic and aerobic bacteria in commercial tattoo and permanent makeup inks.
Saks set to acquire Neiman Marcus?
Saks-owner HBC is said to be poised to purchase rival department store chain, Neiman Marcus. The two companies will join forces to become Saks Global, with Amazon and Salesforce named as minority shareholders.
TFWA World Conference announces Hillary Rodham Clinton as keynote speaker
TFWA has announced that former US Secretary of State, Hillary Clinton will take to the stage for a keynote conversation at its 2024 TFWA World Conference. She will explore the ever-evolving global political landscape and the trends impacting the geopolitical environment, and in turn, travel retail.
Eucerin Partners with Mandy Moore for ‘Expect More’ Campaign
Beiersdorf-owned Eucerin has partnered with actress, singer-songwriter, and mom Mandy Moore to launch their new ‘Expect More with Eucerin’ campaign.
Estée Lauder and TikTok Launch ‘The Catalysts’ Program
The Estée Lauder Companies has introduced The Catalysts program, a global initiative created by its New Incubation Ventures (NIV) and supported by TikTok.
Function Health raises US$53 million in Series A funding round as longevity movement gains momentum
Function Health has closed a US$53 million Series A funding round led by Andreessen Horowitz Bio + Health. A slew of celebrities and prominent wellness personnel also participated, including Matt Damon, Kevin Hart, Zac Efron, Pedro Pascal and Jay Shetty, among others.
Walgreens Boots Alliance lowers guidance as Q3 EPS drops
Walgreens Boots Alliance has lowered its guidance for fiscal 2024 amid a ‘continued challenging environment’. The drug store conglomerate saw adjusted EPS drop 36.6 percent in the third quarter versus the prior year period, while sales inched up 2.6 percent to US$36.4 billion.
Personal Trainer Tracy Anderson debuts fragrance
Trainer to the stars, Tracy Anderson has announced the launch of a dedicated fragrance line under her Heartstone fitness banner. The Heartstone Rose & Vanilla fragrance and candle are designed to ‘uplift and amplify’.
K18 announces Simone Biles as brand ambassador
Unilever’s K18 brand has named Simone Biles as its Brand Ambassador. The professional gymnast will front the hair care brand’s inner-strength campaign, showcasing her elevated hair care routine that promotes self expression.
Cetaphil unveils digital campaign to celebrate men’s skin care
Galderma’s Cetaphil brand has launched a campaign designed to encourage men to embrace a skin care routine. The derma skin care line’s Made For Phil campaign features two videos made for social media designed to shift the dialogue on male skin care.
Herbivore Botanicals hires Supergoop marketing chief as CEO
Herbivore Botanicals has named Britany LeBlanc as Chief Executive Officer. LeBlanc joins the company from Supergoop where she held the role of Chief Marketing Officer. Co-founder Alexander Kummerow is also stepping up his daily responsibilities at the brand.
Bumble and bumble joins ELC stablemates on Amazon Premium Beauty Store
Bumble and bumble has become the latest The Estee Lauder Companies-owned brand to launch on the US Amazon Premium Beauty Store. The brand store will feature shoppable short cuts video content and a bespoke styling quiz.
Target partners with Shopify
Target has announced a partnership with Shopify. The global commerce platform will offer a selection of its popular merchants and their products on Target Plus, the retailer’s third-party digital marketplace.
L Catterton Partners to Acquire Stripes Beauty
Naomi Watts and L Catterton have partnered to acquire Stripes Beauty, a brand founded in 2022 to address menopause and healthy ageing.
EU Fines IFF for Obstructing Fragrance Cartel Investigation
The European Commission has levied a 15.9 million euro (US$17.05 million) fine against U.S. company International Flavors & Fragrances (IFF) and its French affiliate.
Target Unveils GenAI-Powered Store Companion to Enhance Team and Guest Experience
Target Corporation (NYSE: TGT) is set to introduce a new generative artificial intelligence (GenAI) tool named Store Companion across all its nearly 2,000 stores by August.
P&G to Relocate 1,500 Jobs from Winton Hill Business Center
Procter & Gamble Co. (P&G) will relocate around 1,500 jobs from its Winton Hill Business Center over the next five years, starting at the end of 2024.
Johnson & Johnson Faces New Class Action Over Talc Products
Johnson & Johnson (J&J) is confronted with a new proposed class action lawsuit demanding damages and medical monitoring for women who have developed or may develop cancer from using the company’s baby powder and other talc products.
PCA Companies buys Space NK US Wholesale division
PCA Companies has announced the acquisition of the US wholesale division of Space NK – its first foray into the world of retail. The global beauty platform did not disclose financial terms of the deal.
Suntegrity recalls Sunscreen Foundation over high mold count
Suntegrity Skincare has voluntarily recalled certain lots of its Impeccable Skin Sunscreen Foundation after some tubes were found to contain ‘a higher than acceptable microbiological mold count’.
Chanel becomes the first fragrance brand to make a splash on Las Vegas Sphere
Chanel has become the first luxury fragrance brand to appear on Las Vegas’ Sphere. The 90-second spot featuring the French designer’s limited edition No.5 L’Eau, will air at regular intervals each day all week.
Is Makeup by Mario seeking a buyer?
Makeup by Mario is said to have drafted in JP Morgan to ‘explore its options’ ahead of a possible sale. The brand’s sales are thought to have been in the region of US$225 million in 2023 and it’s believed to be on course to hit sales of US$300 million this year.
Market Defense names Chief Engagement Officer
Market Defense has named Vanessa Kuykendall to the role of Chief Engagement Officer. Kuykendall has previously served as COO and, in this new role, will use the firm’s data analytics to gain insights into customer preferences, behaviors and trends to drive sales.
Jake Paul Launches W, A Men’s Personal Care Brand at Walmart
Jake Paul announces the launch of W, a men’s personal care brand available exclusively at Walmart and Walmart.com.
Gwyneth Paltrow Launches Goop’s First Mascara
Goop, the beauty brand founded by Gwyneth Paltrow, is launching its first mascara, FeatherLash Lifting Serum Mascara,.
Johnson & Johnson to pay out US$700 million to settle investigation by US states
Johnson & Johnson has reached a settlement with 42 US states and Washington DC. The health care manufacturer was under investigation for allegedly misleading shoppers into believing its talc products were harmless.
US chemical lobby sue to block federal drinking water standard
US manufacturing and chemical industry groups are hoping to block legislation that would usher in a federal drinking water standard. The National Association of Manufacturers and the American Chemistry Council have filed a lawsuit against the Environmental Protection Agency.
JP Morgan extends Tap to Pay to Sephora Canada
JP Morgan has announced the expansion of Tap to Pay on iPhone for its clients in Canada. Sephora is the bank’s first client to enable the new feature, which allows merchants to accept contactless payments using only an iPhone.
Kose opens doors of first US standalone store
Kose Corporation has announced the launch of its first standalone store in the US, Maison Kose. The store will open at The Shops at Santa Anita in Los Angeles and will merge shopping and entertainment, education, community engagement and tech.
Kylie Cosmetics debuts at Ulta Beauty at Target
Kylie Cosmetics has made its debut at Ulta Beauty at Target with a curated collection of Jenner’s best-selling lip products. The expansion is a key milestone for the Coty-owned brand’s important and strategic partnerships with both retailers.
Rhode builds beauty on the go portfolio with Pocket Blush
Fresh from the success of its Lip Case – a silicone, bubble phone case-cum-lip-treatment-carrier, Rhode has expanded its beauty-on-the-go offer; opening the waitlist for the hotly anticipated Pocket Blush.
Peggy Gou joins Maybelline New York as Global Ambassador
Maybelline New York has announced Peggy Gou as its newest global ambassador. The DJ will front upcoming product and brand campaigns, starting with the L’Oreal-owned brand’s SuperStay Matte Ink Liquid Lipstick.
Too Faced follows Clinique to launch on Amazon Premium Beauty Store
Too Faced has become the second brand in the Estee Lauder Companies portfolio to launch on Amazon’s US Premium Beauty Store. To raise awareness of its debut on the e-commerce behemoth, Too Faced has named lifestyle content creator Darcy McQueeny as its official Ambassador for its Amazon storefront.
Yellow Wood Partners Acquires Elida Beauty Brands from Unilever
Yellow Wood Partners LLC, a Boston-based private equity firm, announced the acquisition of Elida Beauty brands from Unilever.
Estée Lauder Signs New US$2.5 Billion Credit Agreement
The Estée Lauder Companies Inc. has entered into a senior unsecured credit agreement, establishing a US$2.5 billion revolving credit facility.
Olay’s Cleansing Melts Named Official Facial Cleanser for Team USA at the 2024 Paris Olympics
Olay’s Cleansing Melts have been named the official facial cleanser for Team USA at the 2024 Paris Olympics.
Estée Lauder Plans to Retain Longtime CEO Fabrizio Freda Amid Succession Planning
Estée Lauder’s Board of Directors plans to retain CEO Fabrizio Freda, extending his 15-year tenure despite recent performance setbacks and internal family divisions.
The Fashion Institute of Technology opens The Beauty Center
The State University of New York’s Fashion Institute of Technology (FIT) has announced the launch of The Beauty Center at FIT. Billed as a dynamic research center for the beauty industry, the new facility will accelerate the college’s ability to predict market trends, identify strategic business opportunities and build on its research success.
Squared Circles closes US$40 million Series A funding round
Venture incubator Squared Circles has announced the closing of a US$40 million Series A funding round led by L Catterton. The LVMH-backed private equity firm also participated in a seed round.
Rihanna to debut new hair care line under Fenty brand
Rihanna’s Kendo-backed cosmetics brand, Fenty Beauty, has teased the launch of a new line of hair care products, named Fenty Hair. The new range is expected to drop on June 13, 2024.
Johnson & Johnson ordered to pay US$260 million by Portland court in latest talc case
The 4th Judicial District Circuit Court in Portland has delivered the latest verdict in the ongoing talc litigation. Defendant Johnson & Johnson has been ordered to pay US$260 million in damages to an Oregon woman who claims to have developed mesothelioma as a result of using the company’s talc.
Bath & Body Works Q1 2024: sales dip but earnings above guidance
Bath & Body Works has announced its results for the first quarter of fiscal 2024. The company saw sales dip 0.9 percent yoy to US$1,384 million while diluted earnings per share of US$0.38 was an improvement on the prior-year quarter’s US$0.35.
Suave Brands acquires ChapStick
Yellow Wood Partners’ portfolio company, Suave Brands has announced that it has completed the acquisition of the ChapStick brand from Haleon. As part of the deal, Haleon has become a shareholder in Suave Brands.
Ticketed sales for excess inventory: Beautyfor makes its debut
Beautyfor is on a mission to help the beaty industry shift excess inventory, reducing waste. The brand, which will hold ticketed sales in New York once a quarter, was conceived following a benefit along similar lines, held to raise money for the Israel Red Cross, exceeded expectations.
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