News

THE WHAT?  Shaftesbury Capital has announced that  Elemis will open its first standalone store in London’s Covent Garden, following the success of its Cleansing Lab Pop-Up. This move underscores Covent Garden’s role as a leading destination in the UK’s beauty and wellness sector, attracting a wide array of brands. THE DETAILS Elemis’s new store in […]

THE WHAT?  Beauty Farm Medical and Health Industry Inc., a leading provider of beauty and wellness services in China, has released its annual financial results for the year ending December 31, 2023, highlighting a 31.2% increase in revenue and a 108.2% surge in net profit. The company also announced the acquisition of Naturade, aiming to […]

THE WHAT?  Osea, a leader in “clean” skincare, is exploring strategic financial options with Raymond James, with both parties declining to comment. This move follows a minority investment from Cavu Venture Partners in 2021, managed by Financo, now part of Raymond James, as Osea looks to expand its influence in the skincare industry, boasting annual […]

THE WHAT?  Beauty Farm Medical and Health Industry Inc., a leading provider of beauty and wellness services in China, has released its annual financial results for the year ending December 31, 2023, highlighting a 31.2% increase in revenue and a 108.2% surge in net profit. The company also announced the acquisition of Naturade, aiming to […]

THE WHAT?  Allies of Skin has received US$20M from LA-based Meaningful Partners to expand into the US market, focusing on digital and retail growth, marketing, product development, and building a US team. This funding aims to leverage Allies of Skin’s strong international presence and acclaimed skincare portfolio for a successful US launch. THE DETAILS  Founded […]

THE WHAT?  Sol de Janeiro has launched its Rio Radiance SPF 50 Sunscreen Collection, stepping into the sun care market with Sofia Richie Grainge headlining the campaign. The collection aims to offer diverse sun protection solutions that nourish the skin and provide a radiant finish, featuring products like body lotion, spray, and oil tailored to […]

THE WHAT?  Hanni, from K-pop group NewJeans, has been announced as Gucci Beauty’s latest global brand ambassador, expanding her involvement with the brand beyond fashion to now include cosmetics. This partnership builds on her previous role as a Gucci brand ambassador since 2022, highlighting a deeper collaboration with the Italian luxury house. THE DETAILS  Gucci […]

THE WHAT?  Haus Labs by Lady Gaga, a clean and science-driven beauty brand, is set to expand its presence across Europe by launching in 12 new countries exclusively with Sephora, building on the success of its UK launch last year. This expansion, effective from March 26, 2024, will make its innovative beauty products available in […]

THE WHAT?  MercadoLibre plans to invest a record 23 billion reais (US$4.6 billion) in Brazil in 2024, marking a 21.1% increase from 2023. This investment aims to accelerate the company’s growth in its largest market, Brazil, after seeing an 11.5% rise in investment the previous year. THE DETAILS  The company’s revenue in Brazil constitutes over […]

THE WHAT?  Good Glamm Group announced Kamal Lath as its new Group Chief Financial Officer, bringing over 23 years of experience across various industries to the role. Lath, a Harvard Business School alumnus, is recognized for his expertise in finance, strategy, and leadership. THE DETAILS  As the Group CFO, Lath is expected to significantly influence […]