Beauty news and archive

Pantone names ‘Peach Fuzz’ Colour of the Year 2024

Global colour authority Pantone has chosen “a compassionate and nurturing soft peach shade” ‘Peach Fuzz’ as its colour of the year for 2024, as it has an “all-embracing spirit that enriches mind, body and soul”. Pantone has revealed yearly predictions for the colour of the year since 2000, chosen through in-depth trend forecasting, as well as...

Business

P&G announces 2.5 billion dollar restructuring, issues Gillette writedown

Personal care and cosmetics giant Procter & Gamble (P&G) has announced that it will be undergoing a portfolio restructuring of its business operations amid ongoing “challenging macroeconomic and fiscal conditions”. The move will primarily be focused on the group’s businesses in certain Enterprise Markets, including Argentina and Nigeria, where...

Fashion |Beauty Featured

M.A.C Cosmetics “biggest” beauty brand in 2023

M.A.C Cosmetics has been named the “biggest” beauty brand in 2023 due to the launch of its dewy skin tint earlier, according to LookFantastic’s annual beauty trends report. The report, which analyses internal LookFantastic data, as well as the most searched-for products on TikTok and Google, reveals the skin, hair and make-up trends, products...

Fashion |Beauty

66°North launches new fragrance with Fischersund Perfumery

Icelandic B Corp outerwear brand 66°North has launched its second fragrance with Reykjavík-based Fischersund Perfumery, inspired by the haunting nature of glaciers. The ‘Jöklalykt’ fragrance is described as an “ode to Icelandic glaciers” and includes key elements of fresh air, Geosmin, wet dirt and petrified wood to create a unique scent that...

Fashion |Beauty

E.l.f. Cosmetics launches first-ever Bitmoji Beauty Drop

E.l.f. Cosmetics has partnered with Snapchat to launch its first-ever Bitmoji Beauty Drop to promote its O Face Satin Lipstick. For 24 hours only, E.l.f. Cosmetics will be offering Snapchat users in the UK and the US the chance to claim a free lipstick for their Bitmoji. E.l.f Cosmetics’ O Face Satin Lipstick Bitmoji ads will appear in between...

Business

L’Oréal acquires Danish research company, Lactobio

Beauty and cosmetics giant L’Oréal has announced the completion of its acquisition of Copenhagen-based probiotic and microbiome research company, Lactobio. In what it said was a “strategic acquisition”, L’Oréal’s takeover of Lactobio looks to build on the conglomerate’s two decade long research into the microbiome category, “reinforcing [its]...

Fashion |Beauty

Varsity Spirit unveils debut beauty line

Varsity Spirit, a global leader in cheerleading, dance team and band apparel, yearbook, camps and competitions, has unveiled its debut beauty line inspired by and created for performance athletes. The Varsity Beauty line has been formulated for “the needs of spirit athletes” to help their performance and recovery. It is cruelty-free and built...

Business |Beauty

THG acquires skincare brand Biossance

THG PLC has acquired prestige skincare brand Biossance for 20 million US dollars from US biotechnology group Amyris Inc., which recently entered Chapter 11 bankruptcy proceedings. The digital-first consumer brands group acquired the skincare brand through an auction held on November 30, securing assets, including IP, plus inventory and debtors...

Business

Ulta Beauty sees notable Q3 sales increase, outlines CFO transition plan

Cosmetics retailer Ulta Beauty has reported “another strong performance” for the third quarter of 2023 – the 13-week period ended October 28, 2023 – with net sales reaching 2,488.9 million dollars, up 6.4 percent from 2,333.8 million in the year prior. Comparable sales for the period rose 4.5 percent compared to an increase of 14.6 percent,...

Business

Avon names company veteran Kristof Neirynck CEO

Beauty giant Avon has announced that its current chief marketing officer and managing director for Western Europe, Kristof Neirynck, is to become chief executive officer. Neirynck, who has been with the company for 25 years, will succeed Angela Cretu, who will remain at the company to support and contribute to Avon as an advisor. During her time...

Business |Beauty

MAV Beauty Brands acquired by Nexus Capital Management

MAV Beauty Brands, which offers premium quality haircare, face and bodycare beauty products, has received the green light from the Ontario Superior Court of Justice for the sale of substantially all of its assets and those of its subsidiaries to an affiliate of Nexus Capital Management LP, a Los Angeles-based private equity firm. In a statement,...

Business

L’Occitane reports strong H1 sales growth

For the six month period, L’Occitane International reported net sales of 1,072 million euros, representing 19 percent growth at reported rates. The company said in a statement that Sol de Janeiro’s sales were modified due to a reclassification of sales in the marketplace channel, hence the group’s comparable net sales during the period amounted...