Beauty Store Business - February, 20019

News

Pixi Beauty Opens in Century City, California

Beauty brands continue the trend of occupying brick and mortar space in key markets with the opening of Pixi Beauty's newest store at the Westfield Century City Mall in Los Angeles. One of the hottest deluxe shopping malls in Southern California, Pixi joins more than 200 new fashion, beauty shops and restaurants intended to entice consumers to get out, shop and take a break from screen time.

Jane Iredale Plans for Expansion With Private Equity Investment

San Francisco Equity Partners (SFEP), a private equity firm exclusively focused on rapidly expanding companies in the consumer sector, has acquired a majority stake in Jane Iredale, an internationally distributed clean beauty makeup and skincare company. SFEP will partner with the brand’s eponymous founder Jane Iredale and her management team as the company embarks on its next phase of growth. Announced January 22, terms of the deal were not disclosed.

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.