iNNBeauty Project has announced the closing of a minority investment by consumer investors Strand Equity and Beechwood Capital. Terms of the transaction were not disclosed.
America’s largest retailers have resorted to chartering their own ships in order to stock their shelves, according to a report published by The Wall Street Journal.
Airlite Plastics has announced the acquisition of Cosmetic Specialties International, expanding its industry presence into cosmetic packaging products.
Highlander Partners has announced the acquisition of RMS Beauty for an undisclosed sum.
The brother of Britney Spears has claimed that the singer’s fragrance line achieved sales of US$100 billion, according to a report published by Newsweek.
Silgan Holdings has announced that it has acquired Unicep packaging for US$237 million.
Coty has announced that it has signed a definitive agreement to sell an approximate 9 percent stake in Wella to KKR in exchange for roughly half of KKR’s remaining convertible shares in Coty.
Mousse Partners has pocketed US$95.2 million from the IPO of hair care brand Olaplex, according to a report published by Bloomberg Wealth.
Citigroup has petitioned the 2nd US Circuit Court of Appeals in Manhattan in a bid to recover the US$504 million it sent to Revlon creditors in error, according to a report published by Reuters. The bank’s argument centers around the fact that none of the lenders were expecting to be repaid by the cosmetics company.
The Estee Lauder Companies is said to be winding down its Aramis & Designer Fragrances unit, according to a report published by WWD.