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22 May

Data Provider Circana Breaks Down The Beauty Industry’s Growth

“It’s very nice to be speaking with an industry that’s growing,” said Circana’s president of thought leadership, Don Unser. After tracking declines in unit — and in certain cases, dollar — sales across several consumer goods sectors, beauty and its cross-channel resilience is a “glad place” for him, he quipped. “You're the one industry that has been growing by each units and dollars,” said Unser, while Circana’s vp of beauty, Larissa Jensen, added: “Whenever you take a look at the whole industry, inclusive of mass and prestige, it’s a really healthy market — it’s up 13 percent.” While the industry’s performance overall is promising, the expansion of prestige beauty particularly — which is up in each unit sales and dollar sales,...
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20 Oct

KKR Invests in Botox Provider SkinSpirit – WWD

SkinSpirit, the medical beauty services provider, has gained a recent investor. Private equity giant KKR has taken a minority stake in the corporate. Terms of the deal weren't disclosed, though a joint statement from each parties described the investment as “notable.” GreyLion, the firm that took a stake in SkinSpirit in 2018, will remain a minority owner within the business. SkinSpirit was founded in 2003 and has taken a measured approach to expansion, one which will probably be bolstered by the infusion from KKR. “We can have opened nine or 10 locations in 2022, and we plan to remain on that pace,” said Lynn Heublein, the corporate’s cofounder and chief executive officer. “The investment will allow us to proceed at that pace...
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