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15 Jun

The Beauty Business of Being Lisa Eldridge – WWD

The Beauty Business of Being Lisa Eldridge – WWD

LONDON — Lisa Eldridge’s first beauty counter at Selfridges is stationed between Augustinus Bader, Gucci Westman and Hourglass. That ought to tell anyone enough about where her brand sits within the industry.

The business has been following a direct-to-consumer approach for 3 years and has dipped its toes in retail by the use of pop-ups to higher understand the market.

“I like the history of Selfridges since it was the primary place that displayed cosmetics. It featured in my documentary [‘Makeup: A Glamorous History’] and I shot a few of my documentary there as well. It was my first alternative for my first door,” Eldridge told WWD.

She has used a majority of her time training the on-floor makeup artists on her counter to show them into mini versions of herself.

Eldridge’s experiences cover each high street and luxury brands. She was the creative director for Boots No7 for 10 years, developing, redesigning and relaunching the brand before joining Lancôme as global creative director in 2015, where she’s hands-on on their product development, promoting campaigns and digital strategy.

Lisa Eldridge at Selfridges.

Courtesy of Lisa Eldridge

For her own brand, she’s gone down a slow and difficult route of owning her IP formulas quite than buying set formulas and putting her name on them.

“It got to the purpose where something like Cosmoprof, which was once very much a trade show, was just a spot where influencers would go, see a formula and say, ‘OK, I’ll put my my label on that and I’m launching it in a few months,’ which is positive. I’m not knocking it, it’s nice, but I feel what people really need now’s to know that the formula is,” Eldridge explained.

She found a raw ingredient, Filmexel, for her foundation at Cosmoprof in 2016 after which took it to the president of the Society of Cosmetic Scientists on the time, Sam Farmer.

“I’m consistently reading papers from London College of Fashion, because the young cosmetic scientists are coming out of their courses,” Eldridge said.

“At the top of the day, makeup has change into a bit like entertainment,” she added, where consumers dabble within the fun, but on the subject of finding something they trust with longevity, they often turn to her.

She has been working on a mascara at the identical time she began working on her foundation and she’s going to finally be releasing it soon.

“There’s quite a bit more products coming out, because now I’ve had five years to develop quite a lot of these formulas. For my audience, they really appreciate that because there’s a way of deep, deep understanding and knowledge about formulas,” Eldridge said.

This is obvious from the overcrowding at her makeup station on the day of its launch at Selfridges last month, in addition to a non-public meet and greet with VIP customers that had flown from all all over the world to satisfy the English-Recent Zealand make-up artist.

Elfridge’s biggest following comes from the U.S., from her social channels and customers. The U.K., Germany, Australia and Canada follow after.

Lisa Eldridge

Lisa Eldridge

Courtesy of Lisa Eldridge

“I’m really growing quite a bit now in Asia. I’m only selling direct from my website, however the chatter within the forums and what I’m getting back is that there’s such a high demand and resale price across Asia since it’s harder to get the products,” she explained.

Eldridge will expand into one other British department store in September, this time Liberty. She’s currently in discussions with retailers within the U.S. and in other territories all over the world.

“My first launch paid for my second launch, my second [paid for] my third launch. They were very very similar to drops back then anyway. I used to be shocked by how much I sold,” she said, candidly.

The business has been mainly self-funded to this point, but Eldridge in 2021 took “a really tiny amount of investment” from Mark Esiri, founding father of the London-based enterprise capital fund Venrex, a longtime champion of small British businesses and certainly one of the early investors in Charlotte Tilbury.

In August last yr, she hired Arlette Seymour to hitch her team as chief operating officer. Seymour had previously held the position of senior vice chairman at Hourglass and was a buyer at Lane Crawford in Hong Kong.

“I waited three years without having anyone to seek out the suitable person [for the role of chief operating officer]. It’s a chemistry thing as well. I’m excited by among the daring stuff that she comes out with, so if I’m excited by it, then to me, it’s good,” Eldridge said about her hiring process, praising Seymour’s corporate background.

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