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.
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.
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.
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