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30 Oct

Clariant to Purchase Lucas Meyer Cosmetics From IFF for

by Beautifaire101
Beauty, Featured
Clariant to Purchase Lucas Meyer Cosmetics From IFF for
PARIS ­— Swiss chemicals company Clariant has agreed to accumulate Lucas Meyer Cosmetics, maker of high-value lively and functional cosmetics ingredients, from International Flavors and Fragrances for $810 million. The deal is reminiscent of a 16.3-times multiple, based on Lucas Meyer Cosmetics’ earnings before interest, taxes, depreciation and amortization reported in August 2023. The transaction is anticipated to shut in the primary quarter of 2024. “The proposed acquisition of Lucas Meyer Cosmetics marks one other major step forward for Clariant’s purpose-led growth strategy. It can strengthen our position as a real specialty chemical company, our exposure toward consumer markets and our footprint in North America, while supporting our goal to speed up customer- and sustainability-driven innovation,” Conrad Keijzer, chief executive officer of...
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27 Oct

E.l.f. Cosmetics Steps Up in Italy With Physical Rollout

by Beautifaire101
Beauty, Featured
E.l.f. Cosmetics Steps Up in Italy With Physical Rollout
MILAN — The word “community” popped up often in a conversation with E.l.f.’s chief marketing officer Kory Marchisotto, who touched down here as the sweetness label is expanding its footprint in Italy with the assistance of Douglas. After launching online on the retailer’s platform a couple of years ago, the brand is extending its presence within the country with a physical rollout at 105 stores of the chain’s network. The move was sparked directly by the strong demand from consumers. “It was time for us to offer the community what they were asking for,” said Marchisotto. “At first there was numerous the community that was asking for E.l.f. so we said: ‘OK, let’s put it online.’ E.l.f. is digital native, so for us...
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21 Oct

Cosmetics Make Up 46 Percent of TikTok Shop U.K.

by Beautifaire101
Beauty, Featured
Cosmetics Make Up 46 Percent of TikTok Shop U.K.
Following its official September rollout within the U.S., TikTok Shop ranked because the Twentieth-largest e-commerce health and sweetness retailer throughout the month within the country, in line with NIQ. The shopping integration launched within the U.K. two years ago, where “many of the top-selling brands have been smaller, indie brands which are benefiting from the full-service marketing and sales service TikTok Shop offers them,” said NIQ’s vice chairman of beauty, Anna Mayo, adding that the same phenomenon is starting to take effect within the U.S., with many of the platform’s early top-selling brands also being indies.   Personal care products comprised 61.3 percent of consumer goods sales made via TikTok Shop U.K. throughout the last 12 months, with makeup being the...
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