In a significant move that underscores the intersection of beauty and biotechnology, L’Oreal has announced its participation in a €35 million ($38.6 million) funding round for Abolis Biotechnologies. This investment, made in conjunction with specialty chemicals group Evonik, aims to cultivate bio-based ingredients that can transform the beauty product landscape. Abolis, a French start-up established […]
The Business of Beauty Haul of Fame: Honey, I Shrunk the Core Audience
In the fast-paced world of beauty, micro-seeding has emerged as a revolutionary approach to product marketing. Beauty brands once relied on large promotional gifts at events like Fashion Week. Now, the focus has shifted to smaller, targeted audiences—an exclusive group of influencers and beauty enthusiasts who are considered the new ideal consumers. This shift is […]
Sephora North America Appoints New Chief Financial Officer
In a strategic move reflecting its commitment to leadership succession, Sephora North America has announced the appointment of Delphine Herve as the new Chief Financial Officer (CFO), effective April 2025. Herve will take over from Christophe Le Boterff, who, after eight years in the role, plans to retire. Delphine Herve has been an integral part […]
L Catterton Acquires Latvian Bath and Body Brand Stenders
The landscape of the beauty industry is witnessing significant transformations, and recent news highlights a major shift with the acquisition of Latvian bath and body care company Stenders by private equity firm L Catterton. This strategic move, announced on September 10, 2024, is poised to enhance Stenders’ growth trajectory across various international markets, including Asia, […]
Selena Gomez Is a Billionaire Thanks to Her Brand Rare Beauty
Selena Gomez, known for her multifaceted career in entertainment, has now reached a remarkable milestone: she is officially a billionaire. According to the Bloomberg Billionaires Index, Gomez’s net worth stands at an astonishing $1.3 billion, largely owing to her beauty brand, Rare Beauty. Launched just five years ago, the brand has rapidly gained traction, especially […]
The Business of Beauty Haul of Fame: How to Tell Oprah She’s Wrong
Katie Sturino, a personal care CEO, recently made headlines by openly challenging Oprah Winfrey during an interview, and the ramifications of that encounter are significant, not only for Sturino but for the entire beauty and wellness industry at large. Sturino, the founder of Megababe, a brand dedicated to transforming typical body care products into fun […]
Sabrina Carpenter Named Prada Beauty Global Partner
In a strategic move that underscores the evolving dynamics of beauty endorsements, Prada Beauty has appointed pop star Sabrina Carpenter as its newest global partner. The announcement, made earlier this month, is more than just a partnership; it highlights the significant influence that social media and music videos wield in shaping consumer preferences. Carpenter’s rise […]
Cult Gaia Gets Into Beauty With Fragrance Line
In a bold move to expand its brand ethos beyond fashion, Cult Gaia is venturing into the beauty industry with the launch of its first fragrance line. Known primarily for its unique womenswear and sculptural bags, the brand is introducing three distinct scents, each priced at $228 for a 50 mL arch-shaped bottle. This step […]
Harnessing TikTok's Power for the Fashion, Luxury, and Beauty Industries
In the rapidly changing landscape of social media, TikTok has emerged as a game-changer for brands in the fashion, luxury, and beauty sectors. With over 1 billion global community members and 170 million monthly active users in North America, the platform has redefined how brands engage with their audiences. Recent studies indicate that U.S. adults […]
The Business of Beauty Haul of Fame: Beauty and the Book Club
Your summer read may be doing double-duty as your latest source of makeup inspiration. With a striking blend of literature and beauty, a new trend is emerging from the shelves: book covers that not only tell a story but also serve as a canvas for makeup aficionados looking to elevate their beauty game. The recent […]