Ulta Beauty Has Invested in AI Hair Care Technology

2 Feb

Ulta Beauty’s digital innovation fund Prisma has invested in Myavana, a beauty-tech business that uses AI hair care technology. Tech entrepreneur and founder Candace Mitchell Harris developed the technology in 2012 to research the variables of hair strands and hair products to provide personalized hair care plans meant to support healthy hair and hair growth. As a component of the strategic partnership, Ulta has unveiled a recent Virtual Hair Evaluation tool, which integrates Myavana’s technology and enables consumers to realize a comprehensive understanding of their hair type and receive personalized product recommendations. The tool will integrate inside Ulta Beauty‘s e-commerce virtual try-on experiences. “We’re at all times trying to support and put money into technologies that can pave the trail forward for the...

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23 Dec

Inside Operations at Ipsy’s Parent Company – WWD

by Beautifaire101

Beauty, Featured

When Ipsy launched in 2011, the corporate focused on shipping full-sized beauty products out to big-time beauty enthusiasts. It was during an era when YouTube-based makeup tutorials were on the rise, including those by Michelle Phan, Ipsy’s founder. The corporate’s launch followed Birchbox, but Ipsy’s mission — “to encourage everyone to specific their unique beauty” was different. “Our innovation got here in two fronts. One is sort of this angle that influencers really matter and are democratizing beauty…The opposite one that individuals don’t really speak about that much is, we were the primary to have a beauty quiz,” said Marcelo Camberos, chief executive officer of Ipsy parent company Beauty For All Industries. “You can not subscribe to Ipsy in any way, shape or...

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17 Dec

HydraFacial Partners With JLo Beauty, The Beauty Health Company

by Beautifaire101

Beauty, Featured

Just before announcing its upcoming collaboration with JLo Beauty, Hydrafacial’s parent company, The Beauty Health Company, reported record-breaking first-quarter results when it comes to delivery system sales. Within the three months ended March 31, the corporate sold 1,849 delivery systems, leading to net sales of $75.4 million, up from $57.5 million in 2020. The corporate also raised its net sales guidance for the 12 months to a spread of $330 to 340 million, up from a spread of $320 to $330 million in 2021. Moreover, The Beauty Health Co. saw Google search trends for HydraFacial at an all-time high in quarter one, and now boasts a net promoter rating of 44, up from 40 in 2021. With the addition of its latest delivery systems,...

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4 Dec

L’Oréal Acquires Danish Probiotic and Microbiome Research Company –

by Beautifaire101

Beauty, Featured

PARIS — L’Oréal is increase its microbiome research know-how with the acquisition of Lactobio, a Danish probiotic and microbiome research company. Financial terms of the deal weren't disclosed. “The strategic acquisition builds on 20 years of research by L’Oréal into the microbiome scientific territory, deepening its knowledge of the microorganisms that continue to exist the skin’s surface and reinforcing the group’s leadership on this field,” L’Oréal said in an announcement Monday. “This acquisition also opens up latest opportunities, including leveraging Lactobio’s micrcobiome expertise and significant IP portfolio to develop effective latest cosmetics solutions, including live bacteria.” Søren Kjærulff and Charlotte Vedel founded Lactobio in 2017 in Copenhagen. They created a proprietary microbiome discovery platform and screening method to decide on essentially the most...

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