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Prelude Growth Partners Invests in The Center

Dec 8th, 2021

Jacquelyn Mueller, associate editor, Global Cosmetic Industry

The Center owns skin care brand, Naturium.

Prelude Growth Partners has invested $15 million in The Center, a multi-brand beauty and personal care platform, the company first confirmed in WWD.

Previously: Report: Facetheory Receives £10M Investment

The Center owns skin care brand, Naturium, fragrance brand Phlur and Make Beauty.

Ben Bennett founded The Center in 2020.

Corpowell

Unica's Triple-Mix Bottle: Effortless Dispensing for Multi-Formula Products

Unica's Triple-Mix Bottle: Effortless Dispensing for Multi-Formula Products

Unica Packaging’s Triple-Mix Bottle is a new three-chamber packaging designed to simplify the delivery of complex multi-formula products. The Triple-Mix Bottle uses a unique single pump design that ensures effortless dispensing of your multi-formula product.

ÄIO’s process transforms agricultural and wood industry side streams into high-quality oils and fats.

ÄIO Achieves Milestone: Producing First Tonne of Sustainable Yeast-based Oil

The ingredient is designed to replace unsustainable products widely used in cosmetics, food and oleochemicals; such as palm oil, coconut oil and petroleum-based mineral oils.

The transaction will be funded with L’Oréal’s available cash and credit lines. Closing is expected by Q1-2026 and remains subject to customary regulatory approvals.

L’Oreal Groupe Makes Additional 10% Stake in Galderma Group AG

The transaction brings L’Oréal ownership of Galderma’s share capital to 20%.

Notable is the revised fiscal guidance for 2025, where prior net sales were at $12.0 billion to $12.1 billion. Net sales have been adjusted to reflect their growth at approximately $12.3 billion.

Ulta Beauty's Steady Momentum: Company Sees $2.9B in Net Sales for Q3

Ulta Beauty has released its Q3 and nine-month results for 2025, showing steady momentum as the company begins to execute its Ulta Beauty Unleashed Strategy.

Ossama Ogla

The Estée Lauder Companies Appoints New General Manager for the Middle East

Ossama Ogla, newly appointed general manager for the Middle East, said, "I am honored to have joined The Estée Lauder Companies, a global leader with an exceptional heritage of creativity, innovation and purpose, and to lead its business in one of the most dynamic and fast-evolving markets in the world."

Montse Suárez, founder and managing partner of Iris Ventures, adds: “Chrystelle is an exceptional founder, combining vision, consumer insight and operational excellence. Innerskin is setting a new standard in aesthetics, delivering care and sophistication at scale like no one else.”

Iris Ventures Makes $15M Investment in Medical-Grade Skin Care

Innerskin, a medical aesthetics group in beauty and wellness, has announced a $15 million investment by Iris Ventures.

Liana Cook will serve as the 78th president of CIBS.

Celebrating Linage and Legacy: Liana Cook Named 78th President of CIBS

CIBS appoints Liana Cook at its 78th president, celebrating a multi-generational legacy that goes back to her grandfather.

Supergoop! welcomes Melis del Rey as chief executive officer and board director.

Supergoop! Appoints New Chief Executive Officer

Credo Beauty has created the Credo Beauty Council. The council will primarily ensure Credo Beauty's adherence to clean beauty standards, promote consumer and manufacturing transparency and advise on sustainability initiatives.

Credo Beauty Pioneers Eco-Conscious Future with Two New Launches: Credo Qualified Services and its Clean Beauty Council

Credo Beauty has announced the introduction of Credo Qualified, a Credo Beauty-managed service market for businesses in the beauty supply chain as well as its Clean Beauty Council, featuring eight experts from across the field.

Buying stakes in well-known domestic names could be a shortcut for L’Oreal to piggyback on C-beauty’s momentum.

L'Oreal Buys Second Chinese Skincare Stake as C-Beauty Rises

L'Oreal has made a minority stake in mass-market Chinese skincare brand Lan, marking its second investment in China as C-beauty continues to make global headway.