THE DETAILS This addition strengthens Cascadia’s industry breadth in several key sectors, including apparel, accessories, footwear, beauty, personal care, pet, and home design, and marks the firm’s ongoing growth with the addition of a new office in New York City.

THE WHY? Michael Butler, Chairman & CEO of Cascadia, noted, “Adding a team of Threadstone’s caliber and industry focus will broaden and complement the exceptional service we deliver to the business owners and investors we advise. Billy and his team have a proven track record and demonstrated passion for the business. Their commitment to excellence and client-focused, collaborative approach fit extremely well with Cascadia’s culture.”

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THE DETAILS The Honey Pot Co will continue to be led by its current management team and existing owners and leadership will retain a ‘significant’ minority stake in the company. The deal is expected to close in February.

“We are excited to embark on this partnership with CODI, a firm that aligns seamlessly with our values and is dedicated to championing our vision of destigmatizing feminine care through accessible products and promoting holistic wellness, both inside and out,” said The Honey Pot Co’s Co-founder, Beatrice Dixon, who will continue to lead the company in her current role as CEO and Chief Innovation Officer.

“We believe that this partnership will not only enable us to sustain our commitment to innovation and education but will also empower us to continue cultivating a movement rooted in community and self-care.”

THE WHY? CEO of Compass Diversified, Elias Sabo, commented, “Beatrice and her team have done an amazing job building The Honey Pot Co. into a leading feminine care brand that has distinctive category ownership and unique brand positioning. They have a strong leadership team, an efficacious line of products, and a track record of impressive innovation and category disruption. We believe they have tremendous growth opportunities on the horizon.”

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THE DETAILS Founded in 2015 by Sheena Zadeh-Daly, Kosas has been an early player in the clean cosmetics category. The brand, known for integrating makeup with skincare, has gained popularity and is a staple at retailers like Sephora. Notable products include Revealer Concealer, Wet Lip Oil Gloss, and Plump + Juicy Vegan Collagen Spray-On Serum. It has attracted investments from firms like VMG, Stripes Group, Beechwood Capital, Imaginary Ventures, and Scooter Braun’s TQ Ventures. Kosas is available at retailers such as Sephora, Mecca, SpaceNK, and Credo, with net sales around $75 million, expected to surpass $120 million this year.

THE WHY? The exploration of sale options by Kosas indicates the brand’s growth and success in the clean cosmetics market, aiming to leverage its market position and valuation for a potential sale.

The post Kosas Cosmetics Explores Potential Sale appeared first on Global Cosmetics News.

THE DETAILS  Estée Lauder, known for brands like Clinique and Aveda, has experienced a decline in market share in the US and a reduction in annual outlook for three consecutive quarters. The company’s shares have decreased by nearly 50% in the last year.

THE WHY? In contrast, L’Oréal’s shares have gained over 20% in the same period. L’Oréal has demonstrated revenue growth and resilience through its budget brands and the acquisition of Aesop, contributing to its market dominance.

The post Fund Manager Terry Smith Divests from Estée Lauder appeared first on Global Cosmetics News.

THE DETAILS The world’s largest retailer revealed its plans during a keynote speech at CES. Specifically, Walmart will usher in a new GenAI-powered search experience, an InHome Replenishment service that will automatically fill online shopping carts with the right items at the right time and a beta social commerce platform.

THE WHY? Doug McMillon, President and CEO, Walmart, noted, “We build technology to serve people and not the other way around. Walmart’s purpose is to help people live better, and today, more than ever, advances in technology make it feel like anything is possible. Our technology roadmap is compelling and we’re very excited about it, but we’re clear that we are a people-led, tech-powered company. People, our customers and associates, come first and we’ll put technology to work to serve them better than ever.”

The post Walmart reinvents the shopping wheel; new commerce announced at CES appeared first on Global Cosmetics News.

THE DETAILS Kim joins the company from AmorePacific US where she oversaw US marketing for the Sulwhasoo and AmorePacific brands.

THE WHY? Kim brings more than 15 years of brand and marketing experience in the beauty industry to the role. Kose America said in a statement, “Chinae has a proven track record of success driving significant growth for Sulwhasoo in the market.”

The post Kose America names Vice President appeared first on Global Cosmetics News.

THE DETAILS WBA’s first quarter sales increased by 10.0 percent to $36.7 billion, with growth in the U.S. Retail Pharmacy and International segments. The company reported an operating loss of $39 million, an improvement from a $6.2 billion loss in the previous year. The net loss for the quarter was $67 million, compared to a $3.7 billion net loss year-over-year. Adjusted net earnings decreased by 43.1 percent to $571 million. WBA also announced a 48 percent reduction in its quarterly dividend payment. Net cash for operating activities was $281 million, and free cash flow was negative $788 million.

THE WHY?  The financial results reflect changes in the company’s performance, with improvements in operating loss but decreases in adjusted net earnings and cash flow. The reduction in the dividend payment is part of WBA’s strategy to manage costs and increase cash flow amidst a challenging market environment.

The post Walgreens Boots Alliance Sees Sales Growth appeared first on Global Cosmetics News.

THE DETAILS Several celebrities and brand owners have purchased their beauty lines following an auction of multiple Forma Brands. However, it looks like Hill is not planning to follow suit.

THE WHY? According to a report published by the Business of Fashion, Forma Brands President, Simon Cowell has been clear about the company’s focus following its acquisition in March last year: product first, not influencer first. Could the closure be related to that strategy shift?

The post Jaclyn Cosmetics becomes latest casualty of Forma Brands bankruptcy appeared first on Global Cosmetics News.

THE DETAILS According to a report published by Reuters, shareholders claim that the talc scandal caused share prices to fall on six occasions between late 2017 and 2018. The New Jersey district judge rejected Johnson & Johnson’s argument that all six drops could not be connected to the talc cases as no new information was uncovered.

THE WHY? Erik Haas, Johnson & Johnson Worldwide President of Litigation said in a statement, per Reuters, “Johnson & Johnson always strives to provide truthful and fulsome disclosures. We will continue to vigorously litigate cases that challenge the safety of our product or the accuracy of our public statements.”

The post Johnson & Johnson shareholders given green light for class action over talc cases appeared first on Global Cosmetics News.

THE DETAILS In an interview with WWD, the owner of Good American said that she was ‘older and wiser’ and ready to give her all to a new project.

The fragrance line will make its debut with a select assortment of products next fall and will be rolled out worldwide. Further products will be launched annually.

THE WHY? Tony Bajaj, CEO of Luxe Brands, told WWD, “It is key for our partner to be totally in lockstep with their audience. We have to ensure that any kind of talent shares the same vision and takes an entrepreneurial and forward-thinking approach with us. Khloe happened to be at the top of our list.”

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