Weekly Beauty Brief 🤍
AmorePacific Names New President: Taeho Park appointed President of AmorePacific's China division, succeeding Mike Hwang (Global Cosmetics News).
Ren Clean Skincare CEO Steps Down: Michelle Brett steps down as CEO on July 1 for a new role at Unilever Prestige. Successor yet to be named (Business of Fashion).
L’Oréal Revises Market Growth Forecast: CEO Nicolas Hieronimus lowers growth forecast to 4.5-5% due to weaker sales in China (Business of Fashion, Yahoo Finance).
Beauty Stocks Drop: Beauty stocks fell sharply after L’Oréal revised its market growth forecast. L’Oréal, Estée Lauder, and Shiseido saw declines (WWD).
Slow Start for Makeup M&A Deals: Glossier, Kosas, and Rare Beauty struggle to close deals; new skincare players like Byoma and Osea explore opportunities (WWD).
Diptyque Executive Changes: Chris Garek retires; Fabienne Mauny becomes President, Laurence Semichon CEO, Nicolas Floquet Deputy CEO (WWD).
Kenya's Beauty Market Growth: Kenya's beauty market valued at $2.3 billion in 2024, projected to grow 6.78% annually (Beauty Matters).
Beauty Companies Expand in Mexico: Ulta, E.l.f., Sheglam, and Estée Lauder expand in Mexico. Sephora grows with over 30 stores (WWD).
Kering Beauté Appoints New CFO: Stéphane Perrault named CFO of Kering Beauté, joining from Maison Ferrand (Fashion Network).
Givaudan Acquires b.kolormakeup: Givaudan acquires Italian company b.kolormakeup to enhance makeup and skincare capabilities (Givaudan).
Boots CEO Resigns: Sebastian James steps down in November as Walgreens Boots Alliance's sale plan stalls (Business of Fashion).
Bernard Arnault Invests in Richemont: LVMH founder Bernard Arnault acquires a personal stake in Richemont, with no immediate strategic moves (Global Cosmetics News).
Forum Brands Acquires Ever Skincare: Forum Brands acquires Ever Skincare from Stella & Dot, known for clean skincare products (Beauty Matters).
e.l.f. Expands Collaboration with Roblox: e.l.f. becomes the first beauty brand to test real-world commerce on Roblox (Business Wire).
L’Oréal and Debut Collaborate on Biotech Ingredients: L’Oréal partners with Debut to develop bio-identical ingredients for global brands after $40 million series B funding (WWD).
Celine Expands Beauty Line: Celine introduces new perfumed products and plans to launch more cosmetics in fall 2024 and January 2025 (Business of Fashion).
Glossier Partners with Team USA Women’s Basketball: Glossier becomes the first beauty partner of Team USA Women’s Basketball, sponsoring the Olympic opening ceremony (Business of Fashion).
Amazon Blush Sales Surge: Blush sales on Amazon reached $58.9 million, growing 39% YoY, driven by popular dupes and top search terms like "E.l.f" (WWD).
SK-II Opens Concept Store in Malaysia: SK-II launches its first concept store in Malaysia at Kuala Lumpur's Mid Valley Megamall (Global Cosmetics News).
👀 what factors should high-profile beauty brands focus on to attract buyers in today’s market??
Quality assistant
3moLa plus grande tendance: body naturel. Plus écologique, plus économique en temps et en argent. Il serait temps dévoluer. Au fait je n'ai pas apprécié votre pub à la radio pour votre anti-vieille. Déjà vous traitez des humains de peux matures. Ce genre de propos est assimilé à du harcèlement moral. On ne dit pas bonjour la peau mature mais on dit bonjour Madame ou Monsieur. En plus, vous dites qu'une des principales préoccupations c'est nos taches. étonnant car je fais parti d'un groupe de vieille et nos préoccupations sont: les prix, les enfants et petits enfants, les élections... C'est à dire de vrais problèmes de société. Vos pubs Vichy et Roche Posay étaient d'un meilleur niveau.