Courtin-Clarins Family Invests in Pai Skincare

Château one day, skin care the next. Famille C Venture, the private investment firm of the Courtin-Clarins family, has made a $9 million Series B investment in Pai Skincare. The brand’s founder and chief executive officer, Sarah Brown, still holds the majority stake in the business. She plans to use the infusion to scale up the business, particularly in its […]

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People Are Offering Black Business Owners "Mentorship" But, Sorry, We Need Coins

At the start of 2020, Eunice Cofie-Obeng was on track to launch nine new products for her skin-care brand Nuekie. That was, of course, before the coronavirus pandemic upended business plans around the world. In Cofie-Obeng's case, not receiving the bottles, jars, pump dispensers, and other packaging items sourced from manufacturers overseas was a tremendous setback. "A lot of those […]

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Companies With Limited Racial Diversity Exclude Consumers Before They Even Shop, Sephora Study Finds

Three-quarters of consumers say brands fail to show diversity in skin tones, body types and hair textures in their imagery, according to a study initiated by Sephora in 2019. It’s an issue consumers are increasingly demanding to see change. “This actually starts their journey of feeling unwelcome before they even have begun shopping,” said Deborah Yeh, executive vice president and […]

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Intercos Teams With Italian University for Joint Lab

MILAN — In an unprecedented move in the Italian beauty landscape, leading cosmetics manufacturer Intercos Group has inked a five-year agreement with the University of Milano-Bicocca to team up in conducting scientific research on formulations and sustainable processes aimed at developing innovative beauty products. A shared laboratory hosting researchers and tech equipment from both parties will also be established on one […]

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