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Beauty news and archive

Glossier appoints new chief executive

Beauty brand Glossier has confirmed that founder Emily Weiss is stepping down as its chief executive officer and will stay on as executive chairwoman. In a blog post on the Glossier website, Weiss said that her successor as chief executive would be chief commercial officer Kyle Leahy, effective immediately. “I will always be Glossier’s founder....

5 hours ago

Business

European beauty group Douglas posts 31 percent sales increase

In the second quarter of 2021/22, European beauty group Douglas increased its sales by around 31 percent to 719 million euros; while in like-for-like terms, sales were up around 39 percent. Group like-for-like sales were thus 12 percent higher compared to the pre-Covid period. The company said that the brick & mortar business picked up...

7 hours ago

Business

L’Oréal makes minority investment in Japanese start-up, Sparty

Cosmetics giant L’Oréal has announced its corporate venture capital fund, Business Opportunities for L’Oréal Development (BOLD), has made a minority investment in Japanese beauty start-up Sparty. The investment in the Tokyo-based company marks L’Oréal’s first venture capital in Japan. “Japan is one of the most sophisticated and influential...

23 May 2022

Business

Ulta Beauty launches retail media network

Beauty retailer Ulta Beauty has announced the launch of a new retail media network, UB Media, which will offer brands advertising opportunities through leveraging its beauty community, Ultamate Rewards. Building on its existing Digital Marketing Partner Programme, the feature will allow brand partners to access a digital strategy centred around...

20 May 2022

Business

Maybelline teams up with Wattpad for Mental Health Awareness Month

Maybelline New York has revealed it will be partnering with the web novel platform, Wattpad, on a campaign for Mental Health Awareness Month. The #BraveTogether initiative has asked the Wattpad community to elevate stories related to mental health issues, prompting the platform’s mostly Gen Z writers to share their own stories on self-care and...

17 May 2022

Business

Fenty Beauty and Skin to launch in Africa

Rihanna’s Fenty Beauty and Fenty Skin are set to make their debut in Africa starting May 27. In a release, the brands said the launch was a “natural next step” in expanding their ‘Beauty for All’ notion, carrying on the singer-turned-entrepreneur’s “global vision” for the two companies. “I am a proud Bajan who also feels a close connection to...

16 May 2022

People

Revolution Beauty taps new finance chief

British cosmetics group Revolution Beauty has named Elizabeth Lake as its new chief financial officer. Lake succeeds Andrew Clark who is exiting the business at the end of July after three years. Incoming CFO Lake has more than 25 years of finance and commercial experience. She joins from AIM-listed Everyman Media Group, where she has been CFO...

12 May 2022

Fashion

Moda Operandi to enter the beauty market

Moda Operandi, an online pureplayer for pre-ordering runway fashion, is expanding into the beauty segment. The New York-based company said expanding into beauty is a logical next step, after growing its offer to include in-season ready-to-wear, homeware and jewellery. Chief brand officer and co-founder Santo Domingo said “Our customer comes to...

10 May 2022

Fashion |Beauty

Ciaté London collaborates with Smiley to mark its 50th anniversary

Indie British beauty brand Ciaté London has unveiled a new collaboration with Smiley to celebrate the brand’s 50th anniversary featuring make-up inspired by happiness, following the success of its 2020 partnership. The five-piece beauty collaboration aims to harness the power of “creativity, colour, trends, and unexpected beauty,” explains Ciaté...

10 May 2022

Business

The Body Shop to bring in Youth Collective to advise board

Cosmetics company The Body Shop has announced a new initiative that will see young people brought into its boardroom to aid in decision-making processes. The Youth Collective will be made up of a group of under 30s, six from The Body Shop and six from other B Corp organisations, and will aid the company’s leadership team on decisions concerning...

9 May 2022

Business |Beauty

Murad partners with TerraCycle to launch recycling initiative

Clinical skincare brand Murad is launching an international packaging recycling programme in partnership with TerraCycle to divert plastic waste from landfills and transform them into new recycled products. The Murad Free Recycling Programme will allow customers to recycle Murad product packaging of its tubes, bottles, tubs, jars and containers,...

9 May 2022

BusinessFeatured

Revolution Beauty reports robust FY revenue, EBITDA growth

Revolution Beauty Group has reported robust revenue and EBITDA growth in the year ending February 28, in line with market expectations. The British cosmetics group posted annual revenue of 194 million pounds, a 42 percent increase from the previous year despite inflationary pressure and pandemic related volatility. The group said it had a record...

9 May 2022