“Brand Britain,” with an emphasis on Britishness, perceived luxury and quality, is making a mark on the global beauty landscape as UK exports thrive.
Read MoreWomen founders, entrepreneurs, and CEOs are helming interesting new brands in the industry, carving out a substantial role for the presence of independent product lines in a world long dominated by large corporate conglomerates. Read more at Yahoo.
Read More“Revlon confirmed last week that the acquisition was successful and that the combined company—a ‘global beauty enterprise’—now operates with Revlon as the parent company and is traded on the NYSE as REV.” Read more at Cosmetics Design.
Read More“The CEO discusses prevailing matters in fragrances, including the strength of the niche segment and the desire for personalised offers, as well as the rise of stand-alone stores among beauty players, subjects of interest to industry observers and fragrance players, as the competitive landscape bears greater resemblance to a battleground for market share and too few consumers, often finicky on scent.” Read more at Euromonitor.com.
Read More“The cosmetics maker Avon Products has said that it will cut about 2,500 jobs worldwide and shift its corporate headquarters to Britain as part of a three-year turnaround plan. Shares in Avon, an American company, were up nearly 4 percent to $4.55 in extended trading, after the announcement late Monday.” Read more at The New York Times.
Read More“The U.S. prestige beauty industry reached $16 billion in 2015, a 7 percent increase over 2014 sales*, according to global information company The NPD Group, Inc. Makeup experienced the healthiest sales growth (13 percent), while the fragrance category outperformed skincare for the first time; fragrance dollars grew by 4 percent, and skincare by 3 percent.” Read more at The NPD Group.
Read More“Shiseido has announced that the words ‘Ginza Tokyo’ will be added to its branding, highlighting its origins in the city as a key part of its identity. Shiseido was originally set up as a western-style pharmacy in the Ginza district in 1872.” Read more at Cosmetics Business.
Read More“To many investors, however, Avon now stands for incompetence. Its share price has plunged by nearly 60% so far this year. Quarterly earnings calls, usually polite affairs, have become decidedly less so, as stock analysts press executives to explain another set of dismal results.” Read more at The Economist.
Read More“In a surprising move, Condé Nast announced today that Allure’s founding editor in chief, Linda Wells, is stepping down after more than two decades at the helm. Her replacement, effective immediately, is Michelle Lee, who was most recently editor in chief and chief marketing officer at Nylon Media. Prior to that, Lee was chief content and strategy officer at Magnified Media, a branded content and custom publishing agency.” Read more at Adweek.
Read More“The new kids on the beauty block are affordable, pretty, and very effective. From a beauty-editor-curated line to a debut collection massive enough to stock an entire Sephora, the newest brand launches are armed with an insider’s pedigree tuned to cater to the most discerning costumer. Who are they? Continue below for a primer on the best brands to check out this Fall and what you should buy from each one.” Read more at NYMag.com.
Read More“The angry rumblings and confused lamentations are all over social media. They’re coming from diehard customers of Fashion Fair cosmetics, a brand founded in 1973 to cater to African American women at a time when major makeup companies essentially ignored them. Where is the Bronze Loose Powder? Where’s the Perfect Finish Souffle Makeup? What about the Brown Sugar Foundation Stick? Customers who rely on Fashion Fair for exact skin tone matches and perfectly flattering lipsticks have been unable to locate their favorite products — or any products at all.” Read more at The Washington Post.
Read More“Procter & Gamble Co reported a better-than-expected quarterly profit and said it expected growth in organic sales in the current quarter as its turnaround efforts begin to pay off. The company has been shrinking its portfolio to narrow its focus to more profitable brands such as Gillette shaving products, Pampers diapers and Tide detergent. Shares of P&G, which sold 43 brands to perfume maker Coty Inc in July, rose more than 2 percent in premarket trading on Friday.” Read more at Business of Fashion.
Read More“Japanese cosmetics company Shiseido has unveiled plans to reposition itself based on ‘empathy,’ in a bid to meet its long-term 2020 goals. Shiseido plans an overhaul of its products, advertising, models, store counters and even brand logo. The changes will start to be seen from the start of next year onwards. The company has appointed Ruba Abu-Nimah as its new Creative Director to oversee the new look.” Read more at Cosmetics Business.
Read More“For decades, the beauty industry has been run by a handful of large, publicly-traded behemoths. In recent years, women entrepreneurs have started modern, tech-enabled companies aimed at filling gaps in a market that’s both enormous — worth $60 billion a year in the U.S. — and staid. They’re making inroads: Lauren Remington Platt’s on-demand hair and makeup company Vênsette, Melody McCloskey’s appointment booking firm StyleSeat and Emily Weiss’s thoroughly modern cosmetics startup Glossier have raised well over $50 million between them.” Read more at Forbes.
Read More“South Korea has very few natural resources. The country isn’t stocked with oil, much natural gas, or even many minerals. What it does have is a shitload of sheet masks, BB creams, essences, and face masks packaged to look like tomatoes. These beauty products are on the verge of becoming — in addition to electronics and cars — one of Korea’s biggest exports. And they’re getting there with help from an entity you might not think would trouble itself with banana-shaped lip glosses or lace sheet masks: the Korean government.” Read more at NYMag.com.
Read More“As South Korea suffers from a prolonged drop in exports, one industry is posting double-digit growth in shipments and grabbing the attention of policy makers searching for a new growth engine—cosmetics. Overseas sales for the cosmetics industry rose 73 percent this year through July, compared with a 4.9 percent decline for all industries. Beauty products outperformed Korea’s so-called 13 flagship items like cars, chemicals and steel, most of which have seen their sales drop.” Read more at Bloomberg.
Read More“Last year, Saje Natural Wellness was listed on the Profit 500 ranking as one of Canada’s fastest growing companies, with a five-year growth rate of 267 per cent. Saje’s founders plan to open 50 stores in Canada by the end of 2016, before looking to break into international markets. This year’s retail expansion will bring them coast-to-coast with a new storefront in St. John’s, Nfld.” Read more at the Financial Post.
Read More“Did you know that Carol’s Daughter (the beauty brand you can now find in every Target) started in a Brooklyn, NY, kitchen? The hair creams and lotions have come a long way since then. However, founder Lisa Price honors that humble heritage in the new #BornandMade initiative. She likes to say that her products were born in Brooklyn and made with love.” Read more at Popsugar.
Read More“As head of marketing for China's only premium cosmetic brand with international ambitions, balancing the diverse needs of Chinese and western consumers is a tricky task for Subrina Liu, but one she has dreamed of for years. Herborist plans to expand into North America next year, when Ms. Liu will probably move to the U.S. to spearhead that launch.” Read more at Ad Age.
Read More“The beauty industry has seen success in subscription services that offer trial-sized products for a set monthly price, through the likes of Birchbox and LVMH-owned Sephora’s upcoming version, Play! by Sephora, which all promise to expose consumers to new brands and items they may have been unfamiliar with previously. Although the added exposure is unlikely to harm a beauty brand’s high standing reputation, does the luxury market have space for a high-end experience with a steep discount presented as a trial?” Read more at Luxury Daily.
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