The Corporate Transparency Act (CTA) requires US companies, including many in the cosmetics and personal care industries, to report their beneficial owners to FinCEN by 2025. With significant penalties for non-compliance smaller businesses may face challenges...
This quarter's round up includes a recently filed hair care product patent, financial news regarding Avon's bankruptcy and the current struggles of beauty MLMs, packaging trends and more.
In Q3 2024, the beauty industry experienced significant leadership changes, including Julie Rosen's departure from Bath & Body Works, Galen C. Smith's appointment as CEO of IPSY, Stephanie Stahl joining Edgewell's Board of Directors,...
By Kelly Bonner, Association Attorney at Duane Morris, LLP
This month, CosmeticsDesign columnist Kelly Bonner explores the key provisions and implications of the Modernization of Cosmetics Regulation Act (MoCRA), highlighting new compliance requirements and expanded FDA enforcement authority.
Today, in a landmark case at the European Court of Justice, the world’s most popular search engine has lost its battle against a €2.4bn fine given by EU antitrust regulators seven years ago.
The US-headquartered colour cosmetics brand has big plans for a full European takeover after seeing sales jump up by 91% year-on-year in its last fiscal year results.
Ulta Beauty's Q2 fiscal 2024 results show net sales of $2.55 billion, a slight increase from last year, but a 1.2% decline in comparable sales and a 12% drop in operating income highlight the challenges the company faces in a tough retail environment.
By Kelly Bonner, Associate Attorney at Duane Morris LLP
This monthly CosmeticsDesign column by attorney Kelly Bonner provides essential legal and regulatory updates for cosmetics and personal care product manufacturers and suppliers to help industry professionals stay informed and compliant.
Great Many's oversubscribed pre-seed funding round aims to shake up the $8.5 bn global hair restoration market by launching hair growth solutions and telehealth services that address the significant consumer demand for accessible, science-backed...
Citing challenges in the prestige beauty market in China and the Asia travel retail sector, Estée Lauder Companies' FY24 net earnings dropped significantly by 61% to $0.39 billion due to these ongoing difficulties and a higher effective tax rate.
Recent expansions by ColourPop on TikTok Shop, Smashbox and Dr.Jart+ on Amazon’s Premium Beauty Store, and Curology on Amazon demonstrate how beauty brands are strategically leveraging new e-commerce platforms to enhance accessibility, engage with tech-savvy...
The filing is intended to address Avon Products, Inc.'s debt and legacy talc liabilities, while ensuring that its international operations, under the ownership of Natura &Co, continue unaffected.
Edgewell Personal Care's Q3 2024 financial results reveal a slight decline in net sales to $647.8 million, but the company achieved significant gross margin expansion and a 23% increase in adjusted EPS, despite challenging market conditions.
Naturaz, a company specializing in vegan hair care products for curly hair, has raised $1 million in seed funding to support its retail expansion and product development efforts.
Beauty MLM Rodan + Fields is facing significant financial challenges, with recent data showing a steep decline in sales and increasing concerns about the company’s financial stability.
P&G 'met or exceeded our going-in plans for organic sales growth, core EPS growth, cash generation and cash returned to shareowners in a challenging economic and geopolitical environment,' in FY 2024, shared P&G Chairman, President,...
Following the recent news of biotechnology company Debut's sustainable ingredient development partnership with L’Oréal, Debut has announced the launch of its formulation development and contract manufacturing business BiotechXBeautyLabs in an effort...
In a pivotal shift, the US Supreme Court's recent overturning of Chevron v. NRDC has reshaped federal administrative law, leaving industries like cosmetics facing new challenges in regulatory interpretation and compliance.
Naturium, following last year's acquisition by e.l.f. Beauty, will launch into 1,4000 Ulta Beauty retail locations and Ulta's online storefront, marking a strategic move to enhance market presence with greater consumer accessibility to a wide...
This year's Cosmoprof North America - Las Vegas show will welcome TikTok Shop as a first-time participant to the event's Buyer Program, will showcase Australia and Fiji's inaugral debut in the event's country pavilions, and includes...
The acquisition will support Wacker's plans to expand its offerings for cosmetics and personal care product brands, including offering 'innovative new products' to 'meet the demand for skin-contact wellness' options in rejuvenation...
The initiative not only supports consumer demand for more convenient and expedited beauty product delivery but also will support beauty industry suppliers by expanding brand reach and improving fulfillment efficiency.
American beauty multinational Coty has pushed its marketing efforts for brands such as Burberry Beauty and Kylie Cosmetics as it nurtures its prestige beauty business in India.
In this CosmeticsDesign Q&A, we spoke to TRI-K President & CEO Rusmir Niksic to learn more about the company's comprehensive rebrand, its embrace of sustainable innovation and the trends influencing the company's product development.
The company plans to use the secured funding launch its personalized foundation device backed by strong investor confidence from Lucas Venture Group and others.
The French multinational will work with the biotech pioneer to create new bio-based ingredients made with proprietary advanced biomanufacturing processes that combine fermentation and cell-free technology.
Japanese cosmetics major Kosé Corporation is accelerating its North American expansion with a new Los Angeles flagship store, boosting brand awareness for its key global brands.
With the deadline for cosmetic facility registration and product listing requirements looming, here are our insights into common pitfalls to avoid and key steps to ensure compliance for industry stakeholders.
Between 2022 and 2023, the US soap, bath, and shower product market saw a noteable surge, reflecting evolving consumer trends and innovative product developments, according to a recent report by consumer insight firm Mintel.
Sundae Body, an innovative and fun-loving bath and body brand, is making waves as it launches into Walmart stores nationwide, thanks to its participation in the retailer's accelerator program.
In an effort to better meet the needs of menopausal women, holistic wellness brand Stripes Beauty founder Naomi Watts has partnered with investment firm L Catterton to support brand expansion efforts.
In the second quarter of 2024, the beauty industry saw a series of noteworthy employment moves, including Shiseido Americas creating a COO role for Dr. Dennis Gross Skincare, Tom Ford Beauty appointing Dexter King as SVP and Global General Manager, and...
The top five states in 2022 where the beauty industry has the most significant economic and social impacts were California, Texas, Florida, New York, and New Jersey, says a new report from the PCPC that details and insight into the beauty industry's...
Kylie Cosmetics is strengthening its commitment to accessibility for beauty enthusiasts by launching its best-selling lip products at Ulta Beauty locations within Target stores and online.
In part one of this two-part series, we interviewed Beau Wangtrakuldee, PhD, founder and CEO of AmorSui to learn more about how the company is working to meet the needs of women in the cosmetics and personal care product manufacturing industry by developing...
Find out by signing up for our free ‘New frontiers: niche opportunities in beauty webinar’ and get exclusive insights from leading industry experts from the comfort of your desk or armchair.
The $430 million deal gives Suave Brands Company control of ChapStick, which 'has the highest brand awareness in lip care, as well as the strongest purchase conversion among all brands in the category.'
The BBB National Programs’ National Advertising Division (NAD) has confirmed Fenty Skin's substantiated its Melt AWF Jelly Oil Makeup-Melting Cleanser performance claims through clinical testing and consumer surveys, but recommended changes with...
The Estée Lauder Companies Inc. has completed its acquisition of Deciem Beauty Group Inc., enhancing its skincare portfolio with the Canadian company's innovative, transparency-focused brands, including its flagship brand, The Ordinary, for a total...
Ulta Beauty's first-quarter results for fiscal 2024 showed a modest rise in net sales but slower growth, prompting CEO Dave Kimbell to outline strategic plans to boost performance.
Launching in the U.S. market with its innovative, natural insect repellent products that combine clean beauty with effective outdoor protection, Vanilla Mozi will offer US consumers a sustainable and chemical-free alternative to conventional options.
Kiehl's Since 1851's launch into the Amazon Premium Beauty Store represents a strategic move to expand its market presence, providing customers with convenient access to its renowned skin care products while leveraging Amazon's extensive...
With an 8% revenue increase to $1.38 billion, Coty Inc. reported strong Q3 FY24 results driven by high demand for prestige fragrances and strong e-commerce growth, leading to a raised full-year guidance.
Key members of the Independent Beauty Association’s team shared their highlights from the organization’s recent digital symposium, which provided a comprehensive look into the latest regulatory, sustainability, and technological developments impacting...
We spoke with Nailboo parent company Underlining's CEO and Co-Founder Raz Romanescu as he shared how the brand's manufacturing strategies have enabled the company's expansive growth over the past six years.
South Korean skin care brand Mixsoon will launch in around 200 Costco stores in the latter half of the year as it moves to expand its presence in the US.
With at least 20 states implementing prohibitions or restrictions on various cosmetics ingredients, the regulatory landscape for cosmetics and personal care products has become increasingly intricate, posing significant challenges for manufacturers and...
![Coty has pushed its marketing efforts for brands as it nurtures its prestige beauty business in India. [Kylie Cosmetics]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/flexibility-and-creativity-behind-coty-s-efforts-to-bolster-its-prestige-beauty-portfolio-in-india/17553139-1-eng-GB/Flexibility-and-creativity-Behind-Coty-s-efforts-to-bolster-its-prestige-beauty-portfolio-in-India.jpg)
![Kosé Corporation accelerates North American expansion with a new Los Angeles flagship store. [Kosé]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/article/2024/07/01/kose-us-amplifies-awareness-of-key-global-brands-with-new-experience-led-flagship-store/17496871-1-eng-GB/Kose-US-amplifies-awareness-of-key-global-brands-with-new-experience-led-flagship-store.jpg)
![C-beauty brand Flower Knows is pursuing international expansion. [Flower Knows]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/flower-knows-sees-international-expansion-as-a-major-focus/17474224-1-eng-GB/Flower-Knows-sees-international-expansion-as-a-major-focus.jpg)
![[Mixsoon]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/mixsoon-inks-deal-with-costco-to-expand-us-footprint/17429658-1-eng-GB/Mixsoon-inks-deal-with-Costco-to-expand-US-footprint.jpg)
