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Section: Brands & Products > News

China and travel retail remained weak points, while dermatological beauty boomed.

L'Oreal Posts 11% Sales Growth in 2023

"As we head into 2024, we remain optimistic about the outlook for the beauty market, and confident in our ability to keep outperforming it and to achieve another year of growth in sales and profits."

Ezgi Barcenas joins L’OréalGroupe from AB InBev.

Alexandra Palt Stepping Down as L’Oréal's Chief Corporate Responsibility Officer

Ezgi Barcenas will assume the role, effective April 1, 2024.

Consumer beauty net revenues for Q2 totaled $605.0 million, a gain of 7% as reported and 5% like-for-like. Key drivers included color cosmetics, mass fragrances and mass skin care, as well as results in EMEA (particularly the Middle East) and the Americas (particularly Latin America/Brazil).

Coty Posts Q2 and First-half Fiscal 2024 Growth

Looking ahead, Coty is forecasting full-year like-for-like revenue growth of 9-11%, including 6-8% like-for-like revenue growth in second half of the fiscal year.

All in-app products and scenes have been modeled in 3D and rendered at a 4K display from each eye of the device.

e.l.f. Cosmetics x Obsess Launch Beauty Shopping App for Apple Vision Pro

Users are invited to explore three distinct environments: Camo Cove, Big Mood and Halo Glow.

e.l.f. Cosmetics will be on the big screen during a Super Bowl commercial Sunday, February 11, 2024, with its TV spot, 'Judge Beauty.'

e.l.f. Beauty Q3 2024 Sales Grow 85%, Launches Super Bowl Ad

As a result of this growth, the company is now forecasting a 69-71% year-over-year increase in net sales, compared to the previously announced 55-57% increase.

This assessment is consistent with Natura &Co's ongoing strategy of simplifying its corporate structure while providing increased autonomy to its business units and follows the recent divestments of Aesop and The Body Shop.

Natura &Co Explores Possible Separation of Avon

A separation would result in two independent, publicly traded beauty companies (Natura and Avon), with unique business plans, independent governance and management teams.

From digitized product development tools to a laser focus on efficacy to an appreciation for minimalism and emotional well-being, brands have more tools than ever at their fingertips to succeed in beauty in 2024 and beyond.

8 Rules for Beauty Innovation in 2024 & Beyond

With competition from established multinationals, new challengers and indie brands scaling up success in a crowded marketplace requires discipline and emerging best practices.

Former Glossier general counsel Kathryn Ordower has also been named chief legal and administrative officer and technology expert Brian Buchanan has been named chief technology officer.

Former Glossier Executive Named Sakara Life CEO

In his new role, Henry Davis will reportedly build upon on digital channels to engage and educate, while also delivering innovation to attract new consumers.

Coty Nabs Marni License for Fragrance & Beauty

The news follows the company's license renewals with Mexx and Bruno Banani.

Mentees chosen for 2024’s program will be announced on March 29, 2024 and the program will begin April 8, 2024.

Shani Darden Opens Applications for Skin Care Mentorship Program

Darden will provide mentorship to three estheticians and guide them through a series of meetings and sessions aimed at strategic and creative counsel, brainstorming, Q&A and more.

Touchland saw a 292% year-over-year growth at Sephora, both in-store and online.

Touchland Achieves Record Sales With 203% Increase

The brand saw an uptick in TikTok and Instagram engagement, amassing 170 million organic social media impressions and a combined following of 640,000.

Vidal Sassoon generated sales of more than 200 million euros in fiscal year 2022-2023.

Henkel Acquiring Vidal Sassoon from Procter & Gamble

The addition of this brand complements the local portfolio of Henkel Consumer Brands in China by covering a white spot in the premium retail segment.

From left: Artemis Patrick, president of Sephora North America, and Malaika Jones of Brown Girl Jane, the winner of Sephora’s Beauty Grant at the 15 Percent Pledge Gala.

Sephora x The 15 Percent Pledge Bestow Grant on Brown Girl Jane

The grant partnership, unveiled at the 15 Percent Pledge Gala in LA, is part of Sephora's larger project of dedicating at least 15% of shelf space to Black-owned businesses.

'4Oceans is a certified cleanup partner which means the proof is the pudding sort of mantra,' says Amika's head of ESG, Jamie Richards. 'Truth be told, we found them to be the ideal partner because not only does 4Oceans help cleanup oceans, but they provide continued economic viability to the cleanup area.'

Exclusive: Amika's Head of ESG Talks Ocean Plastic & Beauty Circularity

"PCR takes plastic that has already been in the supply chain and melts it down so it can be used again, and again, and again! It requires much less energy compared to virgin plastics and diverts waste from landfills."

Net earnings for the second quarter were $313 million, as compared to $394 million in the previous year.

The Estée Lauder Companies Q2 2024 Results

Under a new restructuring program, the company estimates a net reduction in the range of approximately 3-5% of its positions as of June 30, 2023.

Puig acquired Byredo in 2022.

Byredo CEO Hands Over Management to Puig

Nicolas Cordier has been the CEO since 2020.

CurlMix Launches New Crowdfunding Campaign

The campaign allows CurlMix enthusiasts, investors and the broader community to be a part of the brand's continued success.

Goodier develops and manufactures OTC and medical-grade skin care, scalp and hair care, and body and personal care products, as well as 510(k) topical medical devices.

Goodier Cosmetics Rebrands as Goodier

Goodier has launched a new website that showcases its vision, history and accomplishments, along with a tagline, We Formulate Success .

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