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.
What Will Become of the ‘Cool Girl’ Retailer?
With specialist stores like Shen Beauty shuttering, and Farfetch selling off Violet Grey, a cloudy future looms for cult retailers.
The Estée Lauder Companies’ New Incubation Ventures and Nykaa Announce Finalists for Their BEAUTY&YOU Awards
The finalists will be invited to pitch their business plans on November 2 to an esteemed jury including Bollywood actor and beauty entrepreneur Katrina Kaif and fashion designer Gaurav Gupta.
How TikTok Brought Back K-Beauty
While the K-beauty craze of the 2010s has waned in recent years, brands and retailers are seeing renewed interest in South Korean beauty.
The Business of Beauty Haul of Fame: This Makeup Artist Drives Pop Music
From Glossier-themed Bat Mitzvahs to the return of tramp stamps, the week in beauty news.
Why Beauty’s Biggest Conglomerates Are Selling Off Their Brands
As strategics like Unilever and L’Oréal divest from once-core lines, a more selective approach to M&A is underway.
The Business of Beauty Haul of Fame
Welcome to Haul of Fame, a weekly roundup of the biggest beauty moments of the week, why they matter … and why some of them might not, even though they sure are gorgeous.
On TikTok Shop, Any Beauty Product Can Be a Viral Star
The platform’s freewheeling approach to e-commerce has opened the floodgates for established labels, grey-market sellers and influencers to entice beauty shoppers to buy. But with little oversight over fake product listings, brands must negotiate how much control they want to give over to the app.
Goop Launches Mass Market Beauty and Wellness Brand
Gwyneth Paltrow’s lifestyle label is introducing an accessibly priced beauty line at Target and Amazon.
Farfetch to Sell Violet Grey
The luxury marketplace acquired the cult beauty retailer less than two years ago, but is now exiting the category.
How Indie Beauty Brands Can Still Thrive
While emerging lines of the early 2010s were able to disrupt the landscape thanks to lower barriers of entry, new-to-market labels face a tougher road ahead as they struggle to carve out their niche and raise capital in a tough economy.
Olaplex CEO JuE Wong to Step Down
Olaplex is replacing its chief executive as the haircare brand confronts a sharp slide in sales.
Tracee Ellis Ross’ Pattern Beauty Taps Christiane Pendarvis as Co-CEO
The executive joins from Savage X Fenty, where she was co-president.
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.