Galderma to Acquire ZO Skin Health for $1.5 Billion
The Swiss firm agreed to purchase the medical-grade skincare company from private equity firm Blackstone and the founding Obagi family to expand its US portfolio.
Beauty
Analysis and advice on the fast-evolving beauty business.
What Estée Lauder’s Latest Investment Says About Its Acquisition Strategy
The conglomerate’s minority investment in UK-based beauty brand Haeckels speaks to a beauty acquisition space that prioritises earlier-stage companies and greater autonomy for brands.
Kim Kardashian West’s Coty-Backed Skin Care Line Set to Launch This Spring
The move comes as Coty, which saw its sales increase 12 percent year-over-year, is doubling down on skin care to build on more positive momentum for the conglomerate.
How Beauty Brands Are Building Their Tech Muscle
With the past year’s flurry of tech-focused mergers, acquisitions and partnerships, the beauty industry increasingly resembles Silicon Valley. But the bets on beauty tech are just beginning.
How Glossier Lost Its Grip
The direct-to-consumer pioneer, which popularised millennial pink and dewy skin, can’t keep up with an evolving beauty industry, customer and retail landscape.
Farfetch Is Buying Violet Grey: Here’s Why
The luxury fashion platform sees an opportunity in beauty that has eluded many others.
The State of the Celebrity Beauty Brand
Collaborations with musicians like Iggy Azalea and Doja Cat weren’t enough to save BH Cosmetics, which filed for bankruptcy this month.
Proactiv Rebrands as the Acne Market Heats Up
The beauty giant is changing its parent company name and debuting non-acne products, signalling a shift in how shoppers are buying skin products today.
What’s Next for Olaplex
With an IPO under its belt, the haircare brand is looking to keep the momentum going and new competition at bay.
Shaving Brand Billie Moves Into Walmart
The direct-to-consumer razor brand is eyeing expansion, as it becomes the latest non-traditional brand to be added to Walmart’s beauty shelves.
The Year Ahead: Beauty’s Cautious Recovery
After being hit significantly by the pandemic, all categories within the beauty sector are performing strongly. However, the sector’s competitive intensity shows no signs of abating amid the growth in the year ahead.
The Beauty Industry Trends That Defined 2021
Makeup made a much-anticipated comeback as a slew of new celebrities launched brands and big box retailers continued to build up their beauty departments.
How to Sell Sunscreen (With a Little Help From the NFT Craze)
Vacation Inc. leveraged the power of community that came when its sister project, internet radio station Poolsuite, dropped blockchain tokens.
THE NEWS IN BRIEF
Givaudan Sales Beat Expectations on Fine Fragrance Strength
A surge in sales of scents for luxury perfumes and a continued recovery in flavours drove the Swiss firm’s organic sales growth clearly beyond market expectations in the third quarter, lifting its shares on Tuesday.
Isamaya Ffrench Has Departed Namesake Brand
The makeup artist has not been involved with Isamaya Beauty for over a year, sources told The Business of Beauty.
Boots Acquired by Canada’s Weston Family for $8.9 Billion
The Westons agreed on Wednesday to buy the UK's Boots from Sycamore Partners and the Pessina family, pledging to invest in the retailer's stores and online and expand healthcare services.
Report: L’Oréal Explores Unloading Chemical-Related Liabilities
The French company has engaged restructuring advisers to explore options for rising US legal liabilities linked to its use of talc and other chemical ingredients in some of its cosmetic products, the Wall Street Journal reported on Monday.
Sycamore Said to Near Deal to Sell Boots
The private equity firm is nearing a deal, valued at $9 billion, to sell the UK health and beauty retail business to the Canadian branch of the billionaire Weston family, a source told Bloomberg.
Dyson’s $499 AI Toothbrush Sees Rocky Debut
The UK firm blamed a production error resulting in ‘water seepage’ for the disappearance of its newly launched camera-equipped toothbrush from stores.
Sephora to Launch at Marks & Spencer
‘Sephora at M&S’ will roll out in M&S stores and online starting next spring, with plans to expand to 100 locations by the end of 2028.