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Sales of U.S. prestige beauty products were $2.4 billion in Q3 201, a 6% increase from Q3 2013; fragrance "having a great run" heading into the holiday season.
Kline reports that alternate shopping channels and sub-channels have emerged as essential for the growth of brands; digital shopping has moved from the peripheral to the epicenter of a brand’s distribution strategy.
Acquisition provides Murad with an opportunity to directly manage its growing business in prestige and professional channels in the U.K. and marks a strategic foothold for its planned expansion of existing operations in Europe.
According to The NPD Group, the growth of the U.S. prestige beauty market grew 5% in the second quarter of 2014 when compared to the second quarter of 2013 due to strong makeup growth.
Rhône Capital also has advised Elizabeth Arden that, subject to market conditions and applicable legal or regulatory approvals, it intends to increase its ownership of the company’s common stock over time.
See the Q4 and fiscal year end results for both The Estée Lauder Companies and Elizabeth Arden Inc., as well as results for Oriflame.
At the upcoming Sustainable Cosmetics Summit Asia-Pacific, beauty brands, suppliers and industry stakeholders will discuss the difficulties in going green with a beauty brand and the innovative ways they’ve come up with to solve these problems.
Limited edition Birchboxes featuring winners from the CEW’s 2014 Insiders’ Choice Beauty Awards will be available in August 2014.
Get Q2 2014 results from Nu Skin, Inter Parfums and Henkel, as well as half year 2014 results from Beiersdorf.
Fragrance is becoming an added benefit in cross-category beauty products, and fragrance products themselves are offering additional benefits as well, reports Mintel.