April 2024
Updated on April 25 at 4:59 p.m. EST
Kering Beauté is bullish on beauty within the Americas — and has named a recent president and chief executive officer of the market.
Alexandre Choueiri, who had spent greater than twenty years at L’Oréal, will likely be taking over the newly created role of president and CEO, Kering Beauté Americas.
A joint memo from Kering Beauté CEO Raffaella Cornaggia and Creed CEO Sarah Rotheram, sent Wednesday, announced the hire to retailers within the U.S. and noted Choueiri’s experience in L’Oréal’s Luxe division, most recently as global brand president of Ralph Lauren Fragrances. “During his tenure, he implemented a method of brand name elevation and a deal with retail flagships, pop-up stores and digital innovation,” the...
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PARIS — Clean makeup brand Ilia Beauty is being acquired by the Courtin-Clarins family holding company, Famille C, which also owns the Clarins brand.
Financial terms of the deal weren't disclosed.
The move will give the holding a pioneer and leader within the burgeoning clean beauty category, which is anticipated to register significant growth in coming years.
Ten-year-old, Los Angeles-based Ilia is among the many buzziest beauty brands today. It was clean before clean was cool, and never wavered from founder Sasha Plavsic’s vision of making skin care-powered color cosmetics products gentle enough for reactive skin that may also provide long-term advantages. Her clearly outlined mission: to guard and revive skin.
Prisca Courtin, deputy chief executive officer of Famille C, contacted Ilia three years...
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