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30 Oct

Clariant to Purchase Lucas Meyer Cosmetics From IFF for

by Beautifaire101
Beauty, Featured
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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8 Jan

The Latest Beauty Executive Moves at L’Oréal USA, IFF,

by Beautifaire101
Beauty, Featured
Kerry Eagan courtesy photo Skin barrier health brand, Skinfix, has tapped Kerry Eagan as its first chief marketing officer. A former marketing consultant for Sephora, Eagan will aid the brand’s growth with the retailer, where it launched in 2019, along with evolving Skinfix’s marketing strategy. Eagan was most recently chief marketing officer at First Aid Beauty and held the role at Caudalie before that. Rahquel Purcell courtesy photo L’Oréal USA has appointed Rahquel Purcell its first chief transformation officer for the North America region. In her role, Purcell, who has been with the corporate for seven years and was most recently chief operations officer, North America, will advance the brand’s operating processes and functions within the region. Rafael Lopes courtesy photo Rafael Lopes has joined clean...
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5 Jan

Balmain Beauty, IFF, L’Oréal and Byredo Make Executive Appointments

by Beautifaire101
Beauty, Featured
PARIS – A latest 12 months often heralds latest executive structures, as Balmain Beauty, IFF, L’Oréal France and Byredo can attest. Balmain Beauty has appointed Hans Dorsinville as its first creative director. The manager is thought for his breakthrough work over the past 25-plus years championing diversity, inclusion and empowerment, which chimes with Balmain creative director Olivier Rousteing’s ethos. Most recently, Dorsinville was chief creative officer at Gotham, a fashion and wonder branding agency. He also worked at McCann Worldgroup promoting agency’s speciality division, dedicated to lifestyle, where he focused on Maybelline in emerging markets, including China.  Dorsinville also held chief creative officer roles at independent promoting, branding and content agency Select Worldwide, where he was accountable for the launch of Tracee Ellis...
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