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.
The Truth About Hair Relaxers: In the US, Lawsuits Over Cancer. In Africa, Soaring Sales
Despite criticism for the use of potentially harmful chemicals, companies are still selling the products around the world.
Beauty Reviews Were Already Suspect. Then Came Generative AI.
The technology is making it easier than ever to create fake reviews faster, better and at greater scale, creating more risk of shoppers being taken in by bogus testimonials.
The Death of the Detox
Gen-Z aren’t into all-or-nothing health practices, or the hallmarks of wellness that have become cornerstones. What’s left is something far more subversive.
Op-Ed | Puig Is Betting We Haven’t Reached Peak Beauty
A cooling in the red-hot beauty market may be the company’s biggest threat to its initial public offering. It must put its best face — or fragrance — forward.
UK Ads Promoting Holiday ‘Butt Lifts’ in Potential Breach of Rules
Social media and reality TV shows such as Love Island have promoted an aesthetic that is fuelling medical tourism for hair transplants, Brazilian butt lifts and tummy tucks abroad.
A New York Members Club for the Health Obsessed Expands to Geneva
The Swiss location is set to open in 2026 in a newly renovated hotel and will offer stand-alone memberships for those living and working in the city.
Puig Aims to Raise €2.5 Billion in IPO
The family-owned premium beauty conglomerate has confirmed it will float shares on the Spanish stock exchange while retaining majority control, following months of speculation.
Tweens Obsessed With Skin Care Drive Brands to Say: Don’t Buy Our Stuff
The online pushback from parents has led to some of the world’s biggest beauty companies responding with a kind of anti-marketing.
It’s Time for Beauty and Fashion to Get Serious About Female Athletes
Viewership of women’s sports has steadily grown into a year-round affair, but most brands have been slow to capitalise on the segment’s biggest stars.
The Business of Beauty Haul of Fame: Members-Only Beauty Is Happening
Brands hope to move their amenity business beyond the hotel minibar.
The Wellness World Elites in RFK Jr.’s Orbit
The independent presidential candidate’s conspiracy-minded views around health and medicine have attracted early and enthusiastic support from influencers and brand founders.
The Trends Shaping the Future of the Beauty Industry From Cosmoprof Worldwide 2024
BoF condenses key insights and learnings from the world’s largest B2B beauty and cosmetics event, and the trends driving success in the beauty industry today, as shared at Cosmoprof Worldwide 2024, featuring expertise from industry leaders at L’Oréal, Shiseido, Goop, Merck Group, Euromonitor and more.
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.