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TOKYO — After months of speculation, Shiseido announced Tuesday that it has signed a deal to amass a one hundred pc stake in “clean beauty” brand Drunk Elephant, in a transaction valued at roughly $845 million. The move is the newest step within the Japanese beauty company’s push to develop into a much bigger player with a more global footprint.
Founded in 2012 by Tiffany Masterson and launched in August 2013, Drunk Elephant helped to pioneer the clean beauty movement. It saw exponential sales growth, with estimates putting its net sales for 2018 near $100 million. It has attracted customers representing a big selection of demographics, but is particularly popular amongst Millennials and Gen Z.
“Drunk Elephant will give you the option...
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Fragrance business Ellis Brooklyn has raised a $1 million seed round from Stage 1 Fund and Toni Ko, the founding father of NYX.
Ellis makes eau de parfums, candles and body care. It was founded by Latest York Times’ Skin Deep columnist and writer Bee Shapiro, and was early to the clean-ingredients trend within the fragrance category.
With the capital, Shapiro plans to deepen Ellis’ international distribution and hire an worker who “can dovetail not only our e-comm, but additionally the e-comms of our retailers,” she said.
“Our e-comm is way up. We had our biggest month ever, like within the history of our brand, in July in e-comm,” Shapiro said.
For a lot of brands, fragrance sales have suffered as stores closed and consumers...
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PARIS — Innerskin aesthetic clinic has raised 5 million euros to assist speed up its growth.
The fundraising was led by Label Capital — which was founded by Véronique Morali, Eléonore Oudea and Gaspard de Sarnez — alongside strategic co-investors, including CF Partners, the Carle family office, and existing investors.
Chrystelle Eid identified a white space, then launched Innerskin in 2022.
“Aesthetic medicine is a booming market, and there’s an enormous unfulfilled demand,” said the chief, who formerly worked in finance. “I saw how consumers are increasingly on the lookout for technology-based services, and there’s not much offering in Europe.”
What there is usually lags behind the offer within the U.S. and Asia.
Eid’s parents are each aesthetic doctors. “So I knew the market thoroughly,”...
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