Takes – Page 12 – Beautifaire

9 Jan

L’Oréal Takes Stake in Korean Temporary Tattoo-Maker – WWD

PARIS – L’Oréal has taken a minority stake in temporary tattoo-maker Prinker Korea Inc. The world’s largest beauty company said in a press release Monday that the investment into the South Korea-based company was made through the company enterprise fund BOLD Business Opportunities for L’Oréal Development. Financial terms of the deal weren't disclosed. Prinker Korea, which launched in 2015, invented and manufacturers the world’s first digital temporary tattoo device “with a goal to encourage consumers and offer recent tools for self-expression,” in response to L’Oréal. Prinker’s temporary tattoo device is compact and lightweight, enabling the creation of durable yet easy-to-wash-off tattoos in color or black-and-white, at home or in store. On the Prinker app, it’s possible to decide on a tattoo from amongst greater than...

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1 Jan

Patrick Ta Beauty Takes Minority Investment from Stride –

by Beautifaire101

Beauty, Featured

Patrick Ta Beauty Takes Minority Investment from Stride –

Patrick Ta Beauty has a recent investor. Stride Consumer Partners, whose partners were early investors in Tatcha, Skinfix, First Aid Beauty and Drybar, amongst others, has taken a minority stake within the business founded by skilled artist Patrick Ta. Terms of the deal weren't disclosed, though industry sources estimate Patrick Ta Beauty’s sales are expected to achieve $30 million in 2022. Ta founded the brand in 2019 alongside Rima and Avo Minasyan, and it's exclusively sold at Sephora and via its own website. “I desired to create a brand that allowed women and other people to feel confident inside their very own skin,” Ta said. “Every part is catered to people to amplify their natural beauty. It gives a variety of room...

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28 Dec

L’Oréal Takes Minority Stake in French Biotech Company Microphyt

by Beautifaire101

Beauty, Featured

L’Oréal Takes Minority Stake in French Biotech Company Microphyt

PARIS — L’Oréal is expanding its reach into the green sciences by taking a minority stake in Microphyt, a French biotech company, to develop recent cosmetic solutions. The investment was made through Business Opportunities for L’Oréal Development, or BOLD, the group’s enterprise capital fund. L’Oréal and Microphyt are starting to work together on progressive lively ingredients to open recent beauty territories, based on Anne Colonna, head of advanced research at L’Oréal. “We're going to put all of the progressive power of Microphyt, including the actives they have already got, with all the ability of L’Oréal to judge each the efficacy and the security, and to formulate,” she said. “We actually need to synergize to go one step further.” One other goal with the partnership...

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24 Dec