US to Temporarily Allow Compounding of Six Peptides
The move relaxes rules to access some peptide compounds for recovery, sleep and cognition and will require pharmacies to notify regulators about adverse events.
Beauty
Analysis and advice on the fast-evolving beauty business.
Backstage Beauty: Does It Still Mean Anything?
The purpose of hyping backstage beauty at fashion week has been up for debate for years, but instead of contesting its relevance, the industry needs to embrace its evolution.
JAB Offers to Boost Stake in Coty to 60 Percent
JAB, already the largest shareholder in the beauty products company with a 40 percent stake, said it would launch a partial tender offer to buy 150 million shares.
The Deciem Effect: Inside the Beauty Brand Factory
Deciem, Be for Beauty and Memebox are rewriting the rules for building a beauty company today, amassing portfolios of in-house brands that are radically transparent, fast and cheap.
Fenty Beauty vs. Kylie Cosmetics: The Race to a Billion Dollar Brand
Rihanna’s Fenty Beauty range did nearly €500 million in its first full year in business, which could put her a step ahead of Kylie Jenner and her cosmetics empire.
Why High-Tech Beauty Is a High-Stakes Game
China’s skin care-obsessed, tech-savvy millennials are a perfect testing ground for at-home beauty devices, but the country’s hyper-competitive market means there is no margin for error.
FDA Approves Cheaper Botox Rival
While Botox is expected to face challenges for its therapeutic uses from rival treatments, its cosmetic uses have so far remained largely unchallenged.
Bain Veteran Backs Cannabis ‘Mini-Amazon’ With CBD Beauty Fund
A former partner at Bain & Co has launched a $50 million fund focused on cosmetics and beauty products derived from hemp, a type of cannabis.
Microplastics Ban Could Cost Beauty Sector Billions
A European Union proposal to restrict the use of microplastics could hit the cosmetics industry hardest, amounting to billions of euros in replacement costs.
PZ Cussons Sees Lower Profit as Africa Challenges Mount
The owner of Imperial Leather, Original Source and St Tropez has been struggling to turn around its African business, which contributes over a third of its revenue.
L'Oréal Hoards Cosmetics in Britain as Brexit Looms
While the company stated that a no-deal Brexit would not have a major impact on sales, it is bulking up stocks in the United Kingdom, where it no longer has a manufacturing base.
Drunk Elephant Founder Says There Are No Shortcuts in Life
Amid reports that the skincare start-up is exploring a sale, founder Tiffany Masterson shares the best decision and biggest mistake of her entrepreneurship journey.
Drunk Elephant Exploring a Sale
The rapidly growing skincare brand hopes to find a buyer sometime this year, with a potential asking price of $1 billion.
THE NEWS IN BRIEF
Puig Targets €8 Billion in Annual Sales by 2032
Ahead of its first Capital Markets Day in Madrid, the Spanish beauty group has unveiled its “Vision 2032” and detailed its plans to grow its share of the global fragrance market.
Report: Puig, CVC, Cinven Eye Luxury Fragrance Maker Parfums de Marly
Private equity firms CVC Capital Partners and Cinven, along with Spanish beauty group Puig, are considering acquiring Parfums de Marly, the luxury fragrance brand owned by Advent International, two people familiar with the matter told Reuters.
Beauty and Home Care Drive Unilever Sales, Food Unit Falters
The UK conglomerate raised its annual volume growth forecast on beauty, personal and home care demand, despite a lagging food sector and the impact of geopolitical conflict on costs.
Beiersdorf Sales Slightly Miss Expectations on Nivea Weakness
The German consumer goods maker marginally missed market expectations for third-quarter sales growth on Tuesday, with its key Nivea brand posting a third straight quarterly sales decline.
L’Oréal Sales Beat Expectations as Premium Products Surge
The French giant handily beat expectations on strong demand for hair products at salons and premium skincare from its dermatological division.
P&G Beats Revenue Estimates, Flags Bigger Hit to Annual Profit
The maker of Pantene shampoo was helped by strong personal care demand, but expects higher commodity costs to reduce profit by about $1.4 billion this year.
Patrick Ta Beauty Announces New Creative and Marketing Leadership
Haus Labs executive Angela Simpson and Carolyne Rapp have joined as chief marketing officer and vice president of creative respectively as the brand readies for further global expansion.