Global Cosmetic Industry Observes Fourth of July

Jun 30th, 2023

We wish all of our readers a great holiday weekend!

We wish all of our readers a great holiday weekend!

In observation of the Fourth of July, there will be no Global Cosmetic Industry newsletter on Monday, July 3 or Tuesday, July 4, 2023.

We will resume our daily newsletter on Wednesday, July 5.

We wish all of our readers a great holiday weekend!

'Over the years, Euroitalia has proved to be an excellent partner with whom we have built a very successful path, launching iconic products that have become benchmarks in the fragrance market,' says Massimo Ferretti, president of Aeffe Group.

Euroitalia Acquires Beauty & Fragrance License for Moschino from Aeffe

Upon completion of the deal, Euroitalia has already paid an initial 39.6 million euros. The remaining portion will be paid on November 29, 2024.

Seen Hair Care Nabs $9M Funding, Oak Essentials Gains Dual Funding: Beauty Investment Roundup

Oak Essentials' latest range, Soon, will reportedly be housed in these same environmentally conscious containers.

Trifolium pratense growing in Biomecell

Orius Inaugurates Pilot Facility, Prepares to Industrialize Precision-farmed Botanicals

The launch of this pilot marks the beginning of Orius' industrialization, with plans for the construction of a larger-scale plant to produce botanical raw materials and ingredients.

Wake up your senses with Pebble, Lumson’s glass jar that recalls a rough stone

Wake up your senses with Pebble, Lumson’s glass jar that recalls a rough stone

By playing with different decoration techniques for tactile and textural effects, Lumson invites you to enter a new aesthetic and sensorial dimension where packaging totally merges with nature.

Emerging AI technologies will allow small brands to operate leaner teams than in previous indie beauty eras; at the same time, the rapid gathering of customer insights can help brands quickly migrate from direct-to-consumer to wholesale/physical retail.

Beauty's Innovation Slowdown is Poised to Drastically Reverse

"Personal care brands embracing innovation ... are 2.5 times more likely to see overall sales growth compared to those with stagnant or declining innovation sales," claims a recent NIQ report.

Coty's La Maison Orveda Spa & Boutique Highlights the Intersection of Luxury & Science-forward Beauty

With the launch of La Maison Orveda on the Upper East Side, the brand will highlight a range of products featuring "cutting-edge science" and "gentle formulas" that work “with your skin, not against it."

Barbara Lavernos, deputy CEO in charge of research, innovation and technology, L’Oréal Groupe, says, “By mobilizing our respective companies’ research, innovation and manufacturing capabilities and expertise, we are building an end-to-end value chain that we believe has tremendous potential to be a game-changer in bio-based ingredients for beauty.”

L’Oréal Boosts Sustainable Biobased Beauty Goals with Abolis Biotechnologies x Evonik Partnership

"We are thrilled to receive this round of funding which will allow us to take the next step in pushing the boundaries of innovation in biotechnology," says Cyrille Pauthenier, CEO of Abolis Biotechnologies.

Under the new research project, the Estée Lauder Companies seeks to decode the neurological connections between fragrance and emotion to drive fragrance product development, packaging innovation, the development of consumer experiences and marketing claims, and more.

The Estée Lauder Companies' New Research Project to Decode the Scent-Emotion Connection

The Estée Lauder Companies seeks to decode the neurological connections between fragrance and emotion to drive fragrance product development, packaging innovation, the development of consumer experiences and marketing claims, and more.

Founder Tammy Demos, previously of Cosmedix and Osmosis Beauty, notes, “Gen X is my age group. Our skin care journey has led us through the retin A era, vitamin C and then the clean beauty push. Our skin isn’t aging and inflamed from the lack of skin care products but rather the lack of nutrients that provide health.”

Kleos+Klea Launches 'Nutrient-only' Skin Care for Gen X

"I don't believe there's a better solution for skin than what nature provides. When I faced personal skin issues like hyperpigmentation, rosacea and premature aging, nature was the only source that truly healed my skin."

Notably, the company boosted its share of the selective fragrance sector by 60 basis points to 11.3%; revenues for the sector totaled about €1.6 billion.

Puig Skin Care Booms As Company Posts 9.6% Growth for 1st Half 2024

To turn around the makeup sector, Puig is hard at work rolling out makeup tied to some of its top fragrance brands, including Rabanne.

Featuring 'substantial and growing profitability,' Essor comprises brands like Boka, Puracy, ZitSticka (pictured), FreshCap, OTOTO Design, Viking Revolution and Iron Flask.

Meet Essor: the $400M Linkup of Branded + Heyday

"Essor, which means 'taking flight' in French, perfectly captures our vision of elevating brands to new heights and propelling them into a future filled with limitless possibilities."