People on the Move: Q4 2024
In Q4 2024, beauty industry companies such as L’Oreal USA, ELC, Nutrafol, Kenvue, and others announced new leadership appointments.
Business & financial
Estée Lauder Companies on new fragrance atelier opening
The beauty company said its Paris-based innovation hub will open in 2025 and “accelerate speed to market.”
Coty and Swarovski aim to shine in the luxury beauty market with new partnership
Swarovski is entering the beauty industry with Coty in a long-term agreement that blends creativity and luxury to release innovative fragrances and beauty products.
Reviving a beauty icon: Avon’s bankruptcy and sales overhaul
Facing financial struggles and lawsuits, Avon is working to stabilize its future with a dual focus on debt resolution and empowering its sales ambassadors.
Financial Focus: How E.L.F. Cosmetics is winning with multi-generational appeal and strong cash flow
Want to know why E.L.F. Cosmetics’ gross margin jumped to 71%? It’s all in the details.
LVMH Recherche x Integrated Biosciences form research partnership
The R&D division of the French luxury firm plans to harness Integrated Biosciences’ AI and synthetic biology platform transform how skin ages.
Medipeel leans on export-exclusive brand MDP+ to strengthen US presence
South Korean skin care brand Medipeel is using MDP+, its export-exclusive brand tailored to US consumers, to differentiate itself in the competitive market.
GuruNanda to appeal NAD recommendation on teeth whitening claim amid consumer protection push
“In a challenge brought by The Procter & Gamble Company (P&G), BBB National Programs’ National Advertising Division recommended GuruNanda, LLC discontinue ‘natural teeth whitening’ and ‘dazzle from first application’ claims,” NAD reported.
Clean Skin Club secures $32m investment to drive retail expansion and product development
The investment will build upon the company’s “150% year-over-year growth, culminating most recently in [its] entry into brick-and-mortar with their launch into Target stores in September.”
Financial focus: When beauty turns ugly - the financial missteps that led Avon to bankruptcy
In this month’s Financial Focus column, guest author Ragini Bhalla analyzes a cautionary tale in beauty industry success and failure with the story of DTC beauty company Avon.
Helen of Troy expands into DIY nail care with Olive & June acquisition agreement
The $240m deal will “leverage Helen of Troy’s complementary capabilities and scale to accelerate Olive & June’s growth”.
Meet 11:11 Beauty: Paris Hilton’s first majority stake beauty venture
Launching in Spring 2025, 11:11 Beauty pairs Paris Hilton’s creativity with Guthy-Renker’s proven expertise as ‘one of the world’s largest DTC marketing companies’.
Natura &Co sees 18.5% revenue growth amid LATAM expansion
Natura &Co delivers a robust Q3, achieving R$ 6 billion in revenue, fueled by sales growth, operational efficiencies, and sustainable investments.
Yves Rocher expands Canadian presence with Shoppers Drug Mart & Pharmaprix partnership
The partnership with Shoppers Drug Mart and Pharmaprix marks the first time the Yves Rocher brand will be available outside of its own distribution channels.
Robertet acquires Phasex to expand in US market
The natural ingredients company has acquired a sustainable US-based firm that works with supercritical CO2 extraction.
Edgewell Personal Care reports modest growth in FY2024
Edgewell Personal Care Company has reported steady financial growth for FY2024, with net sales reaching $2.25 billion—a slight increase over the prior year—while setting an optimistic outlook for FY2025, driven by a strengthened business model,...
Consumer Edge report: US beauty market showing 'early signs of stabilization'
Newly released data reveals key shifts in the US beauty market, as economic pressures push consumers towards retailers for budget-friendly options, while fragrance and clean beauty sectors offer resilient growth opportunities.
Estée Lauder Companies reports slight decline in North American sales amidst global challenges
Estée Lauder Companies has reported a 4% overall decline in Q1 net sales, with US growth in online channels helping to offset challenges across its North American portfolio, where net sales declined by only 1%.
P&G reports mixed performance in Q1 FY25 results
Procter & Gamble’s fiscal 2025 first-quarter results reveal steady growth in organic sales, up 2% due to price increases and innovation. However, the beauty segment faced challenges, particularly in luxury skincare.
"We need new stuff to get consumers excited:" L'Oréal CEO on Q3 sales results
In the third quarter of 2024, total sales rose yet missed expectations, due to the impact of the flagging China market and the slowdown of derma and sun care sales in the US.
Coty reports preliminary Q1 results, reaffirms FY25 growth targets
Coty Inc. announced preliminary first-quarter results for fiscal year 2025, highlighting growth in its prestige fragrance category, challenges in the U.S. and mass beauty markets, and a renewed focus on cost reduction, while reaffirming its full-year...
Corporate Transparency Act: What cosmetics and personal care product manufacturers need to know
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...
Must Read: The top 5 CosmeticsDesign articles of Q3 2024
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.
People on the Move: Noteworthy employment shifts in Q3 2024
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, and Nicole Mancini...
Guest article
Legal Lens: MoCRA in motion – Unpacking the biggest regulatory shift in US cosmetics law
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.
Google loses €2.4bn antitrust case in EU
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.
Behind e.l.f. Cosmetics’ European expansion strategy
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 revises FY outlook in response to comparable sales decline
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.
Legal Lens: Navigating cosmetics & personal care regulations
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 secures $3.6m pre-seed to advance hair growth solutions
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 treatments.
ELC reports 2% decrease in FY24 net sales and eyes strategic shifts for FY25
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.
From TikTok to Amazon: How ColourPop, Smashbox, Curology & Dr.Jart+ are embracing e-commerce evolution
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...
Avon Products, Inc. files for Chapter 11 bankruptcy
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 Q3 2024: EPS surges 23% despite slight decline in net sales
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.
Black female-founded beauty startup raises $1m in seed funding
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.
Rodan + Fields struggles with financial woes as MLM model faces challenges
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.
Amorepacific Group achieves top rankings on Amazon Prime Day
Amorepacific Group's success during the recent e-retailer sales event included notable sell-outs and high rankings across multiple product categories.
P&G reports strong FY 2024 results
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, and CEO Jon Moeller...
BiotechXBeautyLabs: A new approach to beauty innovation
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 to...
Industry attorney explains Chevron decision impact on beauty stakeholders
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 amplifies retail presence with nationwide Ulta Beauty retail partnership
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 range of...
Cosmoprof North America 2024: Pre-show overview
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 a wide variety of...
Wacker Chemical Corp. acquires Bio Med Sciences to enhance existing silicones portfolio
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 and scar care.
Sally Beauty and Instacart partner for nationwide same-day delivery service
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.
‘Flexibility and creativity’: Behind Coty’s efforts to bolster its prestige beauty portfolio in India
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.
TRI-K Industries comprehensive rebrand focuses on sustainable innovation & customer empowerment
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.
Female-led beauty tech startup BoldHue oversubscribes first seed funding round
The company plans to use the secured funding launch its personalized foundation device backed by strong investor confidence from Lucas Venture Group and others.
USA Women's Basketball announces first ever official beauty partner
USA Basketball has announced its first women’s specific partnership in nearly three decades, and its first ever official beauty partner: Glossier.
L'Oréal x Debut biotech partnership to “replace conventionally sourced ingredients”
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.
Kosé amplifies awareness of key global brands in US with new experience-led flagship store
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.