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Eight Series A investors have given $9 million to fund the emerging media company responsible for Beautycon Festivals, Beautycon box and Beautycon digital platforms.
BPerfect Cosmetics’ tan, eyebrow and mascara products will soon be sold in 35 Gordons Chemists stores.
"Our new brand pipeline is very healthy and we are particularly excited to announce the addition of the Estée Lauder Companies’ MAC brand, which will launch on Ulta.com and begin to roll out to stores this spring.”
"Contrary to the general market trend in the industry, we experienced strong growth especially in the fourth quarter. Although the environment will remain tough, we look to fiscal year 2017 with cautious optimism.”
"Our strategy to drive long-term growth continues to focus on strengthening our iconic brands, continuing to build distribution in high growth channels, accelerating innovation and enhancing our digital capabilities."
The reported full year 2016 net sales were $4.5 billion which is a 6% increase when compared to 2015. The reported fourth quarter 2016 net sales were $1 billion.
A recent Amway study found that millennials opened the majority of independent businesses selling Amway products.
Bath and Body Works saw an increase in both Q4 and full-year sales, while Victoria Secret-including Victoria Secret Beauty- saw a decrease in Q4 sales.
"The financial results for the fourth quarter were disappointing, largely due to the decline in Active Representatives and an unexpected increase in bad debt expense."
Coty cites 2017 as being a transitional year as it just completed a successful merger with P&G Beauty Business.