The Estee Lauder Companies is poised to clinch a deal for Tom Ford for US$2.8 billion, according to a report published by the Financial Times. At the time of writing, an official announcement was expected imminently but was not released before our news deadline.
The Founder of Revolution Beauty, Adam Minto has left the company with immediate effect, according to a report published by the Financial Times.
Viral beauty brand, ColourPop is launching an exclusive collection in Target stores, according to a report published by Allure.
Kao Corporation has announced that its prestige skin care brand, est is set to pilot a subscription model. Some 20 customers will test the program, which costs ¥300,000 per year, from this month.
Kohl’s has announced that its Chief Executive Officer, Michelle Gass is to step down from her role as CEO to accept another opportunity.
Natura &Co has reported its results for the third quarter of fiscal 2022. The Brazilian cosmetics conglomerate saw revenue rise 2.2 percent yoy to R$9 billion in constant currency and stable adjusted EBITDA margin at 8.6 percent.
Shiseido has announced a new management structure. The J-beauty giant has promoted the Senior Executive Officer China Region CEO, Kentaro Fujiwara to President and Chief Operation Officer.
Augustinus Bader has announced the closure of a US$15 million strategic funding round led by existing investor Impala and newcomer General Atlantic. The round saw the luxury skin care and hair care brand achieve a US$1 billion valuation.
Target has announced the latest iteration of its new store strategy and design: larger-format stores of almost 150,000 square feet featuring a more open layout and localized elements.
L’Oréal USA is incentivising employees back into the office with the launch of a concierge service that will take care of daily chores such as collecting dry cleaning, picking up pets and refilling cars with gas, according to a report published by the Daily Mail.