Beauty Store Business - February, 20019

News

L'Occitane Acquires Elemis for $900 Million

L'Occitane, a luxury cosmetics manufacturer and retailer with a portfolio of premium beauty brands, has just acquired British skincare brand Elemis to the tune of $900 million. It is the company's largest acquisition since listing on the Hong Kong Stock Exchange.

Founded in 1990, Elemis has become a world leader in prestige skincare and is the number one independent British skincare brand. Its products have strong cross-generational consumer appeal, attracting millennials while also maintaining loyal Gen X and baby boomer consumers.

Ecovia Intelligence Releases 2019 Predictions on Sustainable Beauty

Market research firm Ecovia Intelligence has released its 2019 predictions for the sustainable beauty market.

Here is a summary of Ecovia's 2019 prediction insights:

1. Demand for natural & organic cosmetics is becoming increasingly global. Asia’s share of the international natural cosmetics market is expected to continue to rise, as its consumers seek products without controversial synthetic chemicals. More natural & organic product launches are likely to be in the Asia-Pacific, as well as other regions.

Perfect Corp.'s 'Beauty 3.0' to Transform Beauty Retail

Perfect Corp. founder and creator of the virtual beauty app YouCam Makeup, Alice Chang, presented Beauty 3.0 at last week's Consumer Electronics Show (CES) in Las Vegas. Beauty 3.0 is a retail business solution designed to transform the consumer beauty shopping experience through experiential product trials to increase conversion. Beauty 3.0's artificial intelligence (AI) and augmented reality (AR) solutions include AI Product Recommendations, AI Smart Shade Finder, AI Skin Diagnostic, AI Live Hair Multi-Color Effects.

Robanda International Appoints William Whatley as Creative Education Director

The celebrity stylist and TV personality has been working in the beauty industry for more than 30 years.

Celebrity stylist and TV personality William Whatley, whose career in the beauty industry spans over 30 years, is Robanada International's new creative education director. Whatley has experience working behind the chair with celebrity clients, as a salon owner, stage artist and even as an entertainer. Over the last three decades, Whatley's passion for education led him to work with beauty manufacturers like Scruples, Sebastian, Areorazor and All Nutrients, to name a few.

Beauty Brands Files Chapter 11

This week, Beauty Brands announced that it has filed a voluntary petition for relief under chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware.

Concurrently, the company announced that it entered into an asset purchase agreement with Hilco Merchant Resources for a sale of its operating assets. The ultimate outcome of the filing and any asset sale is subject to the oversight and approval of the Bankruptcy Court.