Beauty news and archive

THG prepares to cut more jobs across business

Beauty and tech group THG is preparing to make a series of additional job cuts across the business as part of an ongoing cost-saving review. A new report by the Financial Times suggested that around 171 jobs are at risk of being cut, bringing the total of its cut workforce to almost a third. Employees across six divisions of the LookFantastic...

Business

L'Occitane set for privatisation as it delists from the Hong Kong Stock Exchange

L'Occitane International, the Hong Kong-listed French cosmetics group, is poised to delist from the stock market after securing support from minority shareholders for its privatisation bid. The company announced on Wednesday that 91.97 per cent of shareholders had accepted the share offer, comfortably surpassing the threshold required to...

Business |Beauty Featured

Jake Paul's personal care brand W secures 14 million US dollars in funding

W, the men’s personal care brand founded by content creator and boxer Jake Paul, has raised 14 million US dollars in seed and series A funding, led by Shrug Capital. The men’s vitamin-infused body care brand launched in June exclusively at Walmart and Walmart.com, to offer Gen Z men a “much-needed upgrade to their personal care routines” at an...

Business

American Exchange Group acquires skincare brand Indie Lee

American Exchange Group has announced the acquisition of clean beauty skincare brand, Indie Lee. Founded in 2010, the company said in a release, Indie Lee is known for its range of clean skincare products. As a pioneer in the clean beauty movement, Indie Lee uses the natural, naturally-derived, and organic ingredients, combined with the advanced...

Business

Inter Parfums posts Q2 net sales growth of 11 percent

Second quarter net sales at Inter Parfums rose to 342 million dollars, up 11 percent versus the same quarter of 2023. Net sales for the six month period increased 7 percent to 666 million dollars. The company’s net sales in Europe increased 14 percent to 226 million dollars, while net sales in the USA increased 8 percent to 120 million dollars....

Retail |Beauty

Lush opens new Perfume Library concept in London

British beauty retailer Lush has opened a new Perfume Library concept store in London inviting consumers to explore an exclusive selection of 12 new perfumes, not yet available anywhere else. The fragrance concept, located at 67-71 Beak Street in Soho, aims to showcase Lush’s long history of in-house perfumery by offering consumers consultation...

Business

Fenty Beauty partners with the Paris 2024 Olympic Games

Pop icon and seasoned businesswoman Rihanna has announced her cosmetics brand Fenty Beauty's partnership with the Paris 2024 Olympic and Paralympic Games in true style. In an Instagram photo, a nod to her previous trip to Paris, Rihanna replaced her partner A$AP Rocky with a giant Fenty Beauty lip gloss, making the long-awaited collaboration...

Business

The Body Shop secures ‘exclusivity’ agreement with investor consortium

Good news may be on the horizon for The Body Shop. The cosmetics retailer has reportedly signed an exclusivity agreement with a consortium led by investment platform Auréa Group, in a deal described by administrators to be representative of “the best outcome for creditors”. Following a “competitive” bidding process led by appointed administrator...

Business |Beauty

West Lane Capital acquires Beauty Bakerie

California-based private equity firm West Lane Capital has acquired Beauty Bakerie Cosmetic Brand, for an undisclosed amount. Founded by Cashmere Nicole in 2011, the cosmetic line Beauty Bakerie offers premium make-up and skincare products. It is available in the US and internationally, through retailers such as Amazon, Ulta Beauty, Target and...

Retail |Beauty

British brand Neom Wellbeing opens its first US store

UK-based beauty brand Neom Wellbeing has opened its first US retail store in New York City. Located on Bleecker Street in the West Village, the 481 square-foot ‘Wellbeing Hub’ has been designed as a “sanctuary to escape the city,” to immersive New Yorkers in the Neom Wellbeing experience powered by 100 percent natural fragrances. The hub also...

Business

Douglas Group announces strong preliminary results for Q3, raises forecast

European omni-channel beauty firm Douglas Group has raised its sales growth forecast for the current financial year from previously around 7 percent to around 8.5 percent following sustained positive business development and strong preliminary net sales numbers for the third quarter and first nine months. Commenting on the updated forecast,...

People |Beauty

Olaplex bolsters leadership team with new COO

Science-enabled, technology-driven hair and beauty company Olaplex has strengthened its executive team by appointing Catherine Dunleavy as chief operating officer and chief financial officer. Dunleavy joins Olaplex on August 13 from travel accessories brand Away, where she has served as president and chief financial officer, following tenures at...