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.
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.
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.
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 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.
Elf Beauty class action over biometric data to proceed
District Judge Lashonda Hunt has ruled on the viability of a class action lawsuit launched against Elf Cosmetics in the District Court for the Northern District of Illinois Eastern Division, which alleges that the US beauty brand has violated the state’s Biometric Information Privacy Act via its Virtual Try-On tool.
Clarins debuts AI-powered customer care bot
Clarins USA has added a customer care bot to its website, which it is claiming to be the first gen-AI powered customer care bot in the prestige beauty industry. Clara, as the conversational bot has been dubbed, enables customers to receive immediate responses after hours.
Oddity Q1 2024: Outlook raised as net income breaks records
Oddity has announced its financial results for the first quarter of fiscal 2024. In the three months to March 31, the tech firm reported record net income, up 68 percent year-on-year and record first quarter adjusted EBITDA of US$48 million, an increase of 69 percent on the prior-year quarter.
The Estee Lauder Companies and Microsoft debut AI Innovation Lab
The Estee Lauder Companies and Microsoft have announced the creation of an AI Innovation Lab as an expansion of their global strategic relationship. Leveraging cutting-edge generative AI capabilities in Microsoft Azure OpenAI Service, the companies will work together to develop solutions that further empower ELC’s brands.
Prose unveils AI platform Singular
Prose has launched its end-to-end AI platform, Singular. The technology will enable the brand to offer custom beauty at scale using innovative software and hardware. Prose has been using the platform to drive personalization via more than 15 million possible skin care formulas.
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