CCTFA Announces Acquisition of Cosmetics Magazine
The Canadian Cosmetic, Toiletry and Fragrance Association (CCTFA) has announced that it is acquiring Cosmetics and the brand’s two flagship events—the Cosmetics Outstanding Service Awards (COSAs) and the Canadian Fragrance Awards—from Rogers Media.
Last month, Rogers Media announced that it would be divesting all of its B2B titles, including Cosmetics, in order to focus its media business on English consumer publications, with an emphasis on digital publishing.
“The CCTFA is thrilled to have acquired Cosmetics Magazine and its associated events—the Cosmetics Outstanding Service Awards (COSAs) and the Canadian Fragrance Awards. These three properties make important contributions to the Canadian beauty industry and the CCTFA looks forward to seeing them evolve and grow as we prepare for the year ahead,” says CCTFA president Darren Praznik. “We would also like to recognize the contributions of the many people at Rogers who had the vision to create these properties and who worked so hard to make them a success over the years.”
The acquisition of Cosmetics, and particularly the digital magazine/website, will give the CCTFA a vehicle for educating beauty specialists and consumers by providing important information on ingredient/product safety, environmental issues, charitable endeavours by the CCTFA Foundation, and other matters.
The CCTFA will acquire control as of December 15, 2016, and will retain the services of Jim Hicks, former publisher of Cosmetics, to assist in the development of a business plan, including the continuation of the award events and operation of the digital magazine/website.
As Canada’s trade association for the personal care products industry, the CCTFA represents more than 150 member companies. It also provides educational tools to the industry through programs such as the Beauty Specialist Certification Program (BCSP), which arms beauty professionals with current scientific and safety information.