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.
Gen Alpha Looks for Its Own Rhode
Drunk Elephant may be old news for Gen Alpha, but a wave of new brands, including Sincerely Yours and Yes Day, are hoping to capture tweens’ attention at just the right moment.
Charlotte Tilbury Launches on Amazon
Amazon’s premium beauty selection continues to expand with the addition of Charlotte Tilbury.
Dior Bets on Men’s Grooming With Sauvage London Pop-Up
The LVMH-owned beauty and fashion juggernaut is leaning on its Sauvage franchise, now the number one men’s fragrance in the world, to power a deeper entry into the men’s grooming market.
Bobbi Brown: I Still Believe in Miracles
The makeup artist and serial entrepreneur Bobbi Brown reflects on starting her second act, and how she found a hero for it.
Oura Ring Maker to Become $11 Billion Company With Latest Raise
The Finnish Oura health and fitness ring maker is raising $875 million in a new Series E financing round valuing it around $10.9 billion, Bloomberg reported.
L’Oréal Only Interested in Armani’s Profitable Beauty Business
The French beauty giant was one of three preferred bidders cited in Armani’s will for an initial stake sale of 15 percent in Giorgio Armani, but would only pursue its beauty business, according to a person familiar with the matter.
Bath & Body Works’ Plan to Restore Its Shine
With a new CEO, a deeper push into fine scents and updated distribution channels, the mall mainstay is hoping to reestablish its position as a fragrance authority in the US.
China’s Consumer Price Wars Are Coming for Botox and Skincare
First, the deflation sweeping China’s economy came for its cars and fast food. Now it’s coming for Botox and photorejuvenation.
Eredi Zucca Launches Fragrance, Plots Global Expansion
As the fragrance category continues to grab interest across demographics, the Milanese grooming line, backed by Rhode investor D Capital, debuts a luxury collection.
The Fragrance Brand, the Influencer and the $60,000 Wedding Gift
It’s gonna be one heck of a thank-you note — or one winning strategy for how companies should (and shouldn’t) dole out swag to brides.
Why Sephora Employees Fear ‘Chaotic’ Tween Shoppers
Preteens are parroting influencer speak and demanding anti-ageing products as the pressure to fit in intensifies.
A Chat With Sephora, and More
In the first edition of her weekly newsletter, The Business of Beauty’s Priya Rao dives into the global retail wars, why L’Oréal needs to be thinking three decades ahead, whether Gap Beauty has a prayer and why the latest wave of beauty M&A feels so anticlimactic.
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.