Drunk Elephant Sold to Shiseido for $845 Million

6 Mar

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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23 Feb

Pacifica’s Recent Fragrances Will Be Sold at Ulta Beauty

by Beautifaire101

Beauty, Featured

Brook Harvey-Taylor is arguably the godmother of “clean” beauty, the movement to provide products made without ingredients shown or suspected to be harmful to human health and the planet. Launching Pacifica as vegan and cruelty-free 27 years ago in 1996, she was ahead of the industry. Before expanding across categories as we all know the brand today — in skincare, makeup, hair care and body — her first-ever launch was in fragrance. Now, the wonder founder is introducing a latest line of scents. “Fragrance is in our DNA,” she said of the perfumes, that are plant-based and functional — the term used for the sensorial experience related to smell. “Functional fragrance for me is that we’re using a cloth that’s designed to elicit...

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4 Dec

Jacquemus Heads South, 4 Amyris Brands Sold, Saks Celebrates

by Beautifaire101

Beauty, Featured

SOUTHERN COMFORT: After bucking expectations with a show on the Palace of Versailles, Simon Porte Jacquemus is on the brink of pack his bags for an additional trip to more familiar territory: the South of France. The designer will stage his next show on Jan. 29 on the Fondation Maeght within the village of Saint-Paul-de-Vence, the brand said on Monday. Established by Marguerite and Aimé Maeght in 1964, the private foundation — designed by Catalan architect Josep Lluís Sert — houses artworks by the likes of Georges Braque, Marc Chagall, Wassily Kandinsky, Alberto Giacometti and Joan Miró. “The gathering is known as ‘Les Sculptures’ in homage to Giacometti’s work,” Jacquemus said in a press release shared exclusively with WWD. The Fondation Maeght...

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3 Dec

4 Amyris’ Brands Including Biossance Sold at Auction –

by Beautifaire101

Beauty, Featured

4 of bankrupt Amyris’ beauty brands have been sold at auction to the best bidders. In accordance with court documents, skincare brand Biossance has been sold to online beauty retailer THG Beauty, formerly often called The Hut Group, for $20 million. THG owns online retailers including Cult Beauty and Lookfantastic, and types corresponding to Perricone MD and Espa. Centered around Amyris’ star ingredient, squalane, Biossance has long been considered the most effective brand on its roster and the almost certainly to search out a buyer. Elsewhere, Scent Theory Products paid $600,000 for 4U By Tia, launched in partnership with Tia Mowry to satisfy the needs of those with 2A through 4C hair textures by providing a streamlined assortment of need-based products. Dr. Reddy’s Labs...

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