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.
Beauty
Analysis and advice on the fast-evolving beauty business.
Inside Beauty’s New Growth Priorities with BoF and Amazon Beauty
Executives from beauty brands including La Mer, Puig, Chanel Beauty, Dyson, Gisou, LVMH Fragrance Brands, Prada Beauty and Aesop, among others, joined Amazon Beauty and BoF for dinner in New York City.
How to Scale a Premium Skincare Brand
Beauty retailers excel at creating interactive, playful shopping experiences, but science-backed, pricey skincare brands looking to find growth must think outside the box.
Dyson’s Profits Fall by Nearly 50% in ‘Difficult’ Year
Revenues are down more than $670 million after the hair care company cut more than a quarter of its UK workforce.
Peloton Kicks Off Turnaround with Hardware, AI Product Launch
In the years since the pandemic lockdown, the New York-based fitness company has struggled with sales declines as more people have returned to regularly exercising outdoors and in gyms.
Can Beauty Devices Bring the Medspa Home?
SharkNinja’s latest innovation, the Facialpro Glow, mimics in-office aesthetic treatments. Like competitors Omnilux or Medicube, its parent company hopes to entice consumers to take procedures into their own hands.
Drew Barrymore’s Makeup Line, Flower Beauty, Closes
Its parent company, brand incubator Maesa, also announced it would be exiting the colour cosmetics category altogether.
Exclusive: Aritzia’s Shiny New Beauty Partner
The Canadian retailer is collaborating with body care label Salt & Stone to launch an exclusive collection — and apply its accessible, quiet luxury proposition to a whole new category.
Inside the Foundation Wars, Nykaa Lands Deepika Padukone, Bobbi Brown Tells All
This week, I go deep on makeup and the global retail wars.
Deported Makeup Artist Andry Hernández Romero’s American Nightmare
He came to the US with a dream of a beauty career free of persecution. Instead, Andry Hernández Romero disappeared for months into one of the world's worst prisons. Now, he's rebuilding his life from scratch.
L’Oréal Names New Americas CEO, Appoints Chairman
Alexis Perakis-Valat, currently president of its consumer products division, will accede to the role, replacing David Greenberg who will become the company’s US chairman.
Beauty Manufacturer Intercos Targets Deals to Expand in US
The Italian cosmetics producer is looking to acquire a US-based skincare and hair care company, according to chief executive Renato Semerari.
Custom Fragrance Maker Olfactory NYC Expands to Texas, Charts US Expansion
The personalised perfumery will open a store in Dallas’ upmarket West Village neighbourhood on Oct. 24, its ninth retail location, with more US openings slated to follow.
THE NEWS IN BRIEF
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.
Novo Buys Rights to Early Obesity Pill For $2.6 Billion
The Wegovy maker has signed a deal to license an experimental obesity pill from China’s Jiangsu Hengrui Pharmaceuticals as it seeks to regain share of the global GLP-1 market.
Oura Delays US IPO
The smart ring maker said on Tuesday it has delayed its US initial public offering, citing market uncertainty.
Scarlett Johansson’s Skincare Brand The Outset Closes
As of Monday, the premium brand’s website has been updated with a message announcing its closure.
Vyrao Acquired by Brand Platform Tresalis
The niche perfume brand has been purchased by the new beauty operator created and backed by German investment firm Athos.
L’Oréal Joins Forces With Nykaa to Invest in Indian Beauty Brands
BOLD, the French conglomerate’s venture capital fund, will collaborate with retailer Nykaa to invest in the next generation of Indian beauty brands.