Europe – Beautifaire

3 Feb

The Body Shop Will Sell Most Mainland Europe and

PARIS — The Body Shop has signed an agreement with a global family office to sell most of its business in mainland Europe and in parts of Asia. Financial terms of the deal, which incorporates each physical and digital operations, weren't disclosed. The a part of the activity effected equals to about 14 percent of The Body Shop’s business worldwide. The sale doesn't impact its global head franchise partners, which operate on a rustic or territory level, but some sub-franchise partners are to be included within the sale. In a third-quarter 2023 sales statement, The Body Shop’s then parent company Natura & Co. wrote that projects underway included “turbo-charging the support for our head franchise partners, with a concentrate on our top-h.f. partners in the...

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27 Jan

Beauty Rolodex: Investors in Europe

by Beautifaire101

Beauty, Featured

Europe-based beauty investors proceed to multiply in the wonder arena as a bunch of latest brands increasingly come to market. Following are some key players — enterprise capital, private equity and strategics’ investment arms — on the Continent and within the U.K., listed in alphabetical order. 360 Capital Headquarters: Paris and Milan Current Beauty Investment: 900.care Deal Size: In pre-seed and seed, it invests initial ticket starting from 150,000 euros to 2 million euros. In series A, it invests between 2 million euros and 6 million euros. Key Player: Emanuele Levi, general partner Lively Partners Headquarters: London Current Beauty Investments: Facetheory and Vieve Deal Size: Invest 200,000 kilos to 750,000 kilos in seed rounds and 5 million kilos to fifteen million kilos in growth rounds. Key Player: Jason Mahendran, partner Alven...

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23 Nov

Ban on Animal Testing for Cosmetics Loses Ground in

by Beautifaire101

Beauty, Featured

Ban on Animal Testing for Cosmetics Loses Ground in

PARIS – Symrise has lost an appeal against a European Chemicals Agency, or ECHA, decision requiring animal testing on cosmetics ingredients. The choice handed down Wednesday to the German fragrance and flavors supplier by the European Court of Justice’s General Court requires animal testing on two formerly approved ingredients used exclusively in sunscreens – UV filter homosalate and 2-ethylhexyl salicylate. “This decision renders the European Union and United Kingdom bans on animal testing for cosmetics virtually meaningless, as animal testing requirements to analyse the protection of latest chemicals – as specified by the EU’s fundamental chemicals laws, REACH, and enforced by the European Chemicals Agency, ECHA – have been adjudged to take precedence over the bans on the testing of...

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3 Nov

Luxury Groups in Europe Are Moving In on Beauty

by Beautifaire101

Beauty, Featured

Luxury Groups in Europe Are Moving In on Beauty

The European beauty scene continues to morph, with Kering taking beauty in-house and Richemont constructing a Laboratoire de Haute Parfumerie. It’s an indication of the times, as luxury makers’ once red-hot trades in China and in fashion cool, and wonder proves its endurance despite the continued tough geopolitical and macroeconomic climate. Still, success within the industry isn’t easy, and there isn't a cookie-cutter approach to constructing the business. Beauty is a lure today for 4 primary reasons — growth, resilience, desirability and margins — in response to Laurent Droin, head of Europe, Middle East and Africa at Eurazeo Brands. Fragrance and cosmetics is a giant, fast-developing business, with the category generating sales last 12 months of roughly $430 billion, in response to a McKinsey...

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