Kim Kardashian to relaunch make-up range
Kim Kardashian has revisited her color cosmetics offer and is poised to relaunch her make-up line under the Skkn by Kim banner. The range is said to build upon her previous two make-up collections, drawing on the reality TV star’s extensive experience of near-daily glam throughout her 20-year career.
Saudi Arabia’s Nice One plans IPO
Saudi beauty retailer, Nice One is poised to list on the stock exchange. The online cosmetics seller is said to have invited banks to tender for the deal, although further details, such as the timing and size of the IPO are yet to be revealed.
Coupang and LG Household & Health Care bury the hatchet
Coupang and LG Household & Health Care have reconciled after a five-year dispute over cancelled orders. LG H&H will sell its Elastin, Perioe, CNP, O’Hui and Sum 37˚ on the platform once more.
Cascadia acquires Threadstone Capital
Cascadia Capital has announced that it will acquire Threadstone Capital. Under the terms of the deal, Threadstone’s investment banking team will join Cascadia’s Consumer, Retail & E-commerce group. Financial terms were not disclosed.
Debut launches first beauty brand, Deinde to tackle ‘inflamm-aging’
L’Oreal backed incubator, Debut has unveiled its first beauty brand. Deinde as the new line has been dubbed is a skin care line comprising three products aimed at addressing trending concern, ‘inflammaging’.
L’Oreal invests in Swiss biotech company, Timeline
L’Oreal’s venture capital fund, BOLD has acquired a minority stake in Timeline. The Swiss biotech company has developed a proprietary molecule that is said to recycle and rejuvenate aging mitochondria. Financial terms of the deal were not disclosed.
Compass Diversified acquires The Honey Pot Company
Compass Diversified has announced that it has signed a definitive agreement to partner with The Honey Pot Company, purchasing a majority stake in the feminine care brand for an enterprise value of US$380 million.
SaSa Q3: Sales soar 36.7 percent as recovery continues apace
SaSa International has announced its unaudited results for the third quarter of the current financial year. Sales hit a total of HK$1,182.2 million in the three months to December 31, 2023, up 36.7 percent yoy.
The Estee Lauder Companies appoints Vice President, Corporate Affairs & Communications, UK&I
The Estee Lauder Companies has announced the appointment of Venetia Varney as Vice President, Corporate Affairs & Communications, UK&I.
Keratase names Sydney Sweeney as Global Ambassador
Keratase has named Sydney Sweeney as Global Brand Ambassador. The White Lotus star is poised to appear in two high-profile releases this year and is popular among Gen Z and millennial audiences.
Huda Beauty hopes to conquer India with Myntra launch
Huda Beauty is hoping to capture the hearts of Indian shoppers, having made its debut on e-commerce platform Myntra. The platform will also offer Huda Beauty’s recently launched Wishful skin care line as well as Kayali fragrances.
LVMH joins up with TikTok to tackle counterfeits
LVMH is said to be in talks with TikTok in a bid to fight the fakes. The social media app and luxury goods conglomerate are hoping to team up to tackle the issue of counterfeit goods being sold via the platform.
Douglas Q1 2023/4: Sales rise 8.3 percent to €1.56 billion
Douglas has released preliminary results for the first quarter of the current financial year (2023/24). The German perfumery chain saw group sales rise 8.3 percent in the three months ended December 31, 2023 versus the prior year to €1.56 billion.
Groupe Bogart acquires Rose et Marius
Groupe Bogart has announced the acquisition of the Rose et Marius House of Haute Parfumerie and Art of Living in Aix-en-Provence, France. Financial terms of the deal were not disclosed.
Lancôme names Joy Sunday Global Ambassador
Lancôme has announced the appointment of Nigerian-American actor, Joy Sunday as Global Ambassador of the brand. The Wednesday star joins fellow faces of the L’Oreal-owned brand Emma Chamberlain, Amanda Seyfried and Julia Roberts.
Judge Dismisses Estee Lauder Lawsuit
A proposed class action lawsuit alleging that Estee Lauder’s virtual “try-on” tool violated Illinois’ biometric privacy law was dismissed by U.S. District Judge Lindsay Jenkins
Sephora Appoints New Chief Digital Officer
Anca Marola has been named the new global chief digital officer at Sephora, starting February 12.
Sweeney Becomes Laneige’s Global Ambassador
Sydney Sweeney has been appointed as the global brand ambassador for Laneige, expanding her role from being the brand ambassador for Laneige US.
Puig Acquires Majority in Dr. Sturm
Puig, a Spanish cosmetics company, has acquired a majority stake in Dr. Barbara Sturm, a German skincare brand.
Kosas Cosmetics Explores Potential Sale
Kosas Cosmetics, a Los Angeles-based makeup brand, is exploring sale options with the assistance of investment bank North Point.
Fund Manager Terry Smith Divests from Estée Lauder
Terry Smith, a UK fund manager, has sold his stake in Estée Lauder Cos. while retaining his holding in L’Oréal SA.
USHOPAL Invests in DOCUMENTS Brand
USHOPAL GROUP, a Chinese luxury beauty and retail group, announced its lead investment in the high-end fragrance brand DOCUMENTS.
Lush Responds to Cybersecurity Incident
British cosmetics retailer Lush has confirmed a cybersecurity incident.
Juice Beauty Appoints New CEO
Juice Beauty has announced that Lance Patterson will replace Karen Behnke as the company’s Chief Executive Officer.
The Body Shop at Home Ends Operations
The Body Shop has announced the closure of its direct selling operations, known as The Body Shop At Home, in the United Kingdom and Australia.
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