PARIS — L’Oréal returned to its pre-COVID-19 growth rate in the first half of 2021, following an acceleration of sales in the second quarter of this year. The world’s largest beauty company posted a 29.6 percent sales gain in reported terms to 7.58 billion euros. On a like-for-like basis, sales rose 33.5 percent. “By the end of June, the group […]
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PARIS – Planity, France’s leading beauty appointment booking company, is raising 30 million euros in funding. The financing round is being carried out with Gaia Capital Partners and Planity’s historical investors: Crédit Mutuel Innovation, BPI Digital Venture, Alven Capital and the Eiffel Investment Group. Planity today has 75 percent market share in France and wants to bolster its growth by […]
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After a steep sales incline, Guess is expanding its grooming offering into skin care. The brand, now among the fastest growing in licensee Inter Parfums Inc.’s portfolio, is introducing its Effect Eau de Toilette with complementary skin care products, launching Aug. 1. The range includes the Boost Invigorating Hair & Body Wash, Deodorizing Body Spray, Clean Rejuvenating Face Wash and […]
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PARIS — Violette Serrat will become the new creative director of makeup for Guerlain, WWD has learned. The news confirms a WWD report on July 16. On Aug. 1, Serrat, who goes by her first name professionally, will step into the position held for the past 21 years by Olivier Echaudemaison at the LVMH Moët Hennessy Louis Vuitton-owned house. For Serrat, […]
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Eurazeo Brands has made a $53 million investment in Pangaea Holdings, the parent company of men’s grooming brands Lumin and Meridian. The minority investment is part of Pangaea’s larger $68 million fundraise, which also included Unilever Ventures, GPO Fund and existing investors Base10 Partners and Gradient Ventures. Since it was founded in 2018, the company has raised $87 million. Lumin […]
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When Kylie Cosmetics went completely dark in May save for one cryptic photo of Kylie Jenner dressed in all pink with the caption "something is coming," the beauty world launched into a flurry of speculations. Would this be the end of Jenner's first foray into cosmetics or the beginning of a new chapter? Not long after, the brand announced […]
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After four years of development, Moroccanoil is releasing its products’ signature scent as a hair and body mist. The scent, called Brumes du Maroc, is the brand’s first fragrance to sit among its body care and hair care products. The brand expects it to be a top-performing stock keeping unit within its first year on the market, due to a […]
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Upcycling is gaining traction in the fragrance and beauty industries, as materials once considered waste are increasingly being reused in beauty and personal care products. Specifically, upcycling is the process of transforming co-products, waste materials and useless or unwanted products into new materials. Historically seen more in fashion and food, it’s becoming ever more prevalent in beauty, with rose petals, […]
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Spotlight Oral Care has raised $15 million from Development Capital with plans to expand in the clean and clinical oral care space. The brand was founded by three dentists, sisters Lisa and Vanessa Creaven with Barry Buckley, in Ireland. Spotlight aims to create products with dentist-approved levels of efficacy, but without certain foaming agents used in traditional toothpaste. Products are […]
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In the beauty industry’s latest round of musical chairs, heavyweights Credo and Coty Inc. lost executives, while Glossier and U Beauty each filled out their C-suites with new hires. The Estée Lauder Cos. Inc. has announced two new global brand presidents. View Gallery Related Gallery Return to Classics: Men’s Looks from Pitti Uomo Ali Weiss Photo courtesy of Glossier Glossier has […]
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