Business & Financial

photo courtesy of Shiseido

Clean skin care startup Drunk Elephant sells to Shiseido for $845m

By Deanna Utroske

Shiseido set itself a 2020 sales goal of ¥1 trillion and surpassed that goal in 2017. The beauty maker’s new goal is to reach ¥1.2 trillion in sales by 2020 and to “be among the top three companies in the global prestige cosmetics market.” Shiseido’s...

Chemyunion eyes further expansion into Europe

Chemyunion eyes further expansion into Europe

By Simon Pitman

Chemyunion has taken huge strides in recent years, expanding its main facilities in Sao Paulo, while also setting up a US headquarters in New Jersey, but now it is looking to Europe.

photo via Cheekbone Beauty on Instagram

Cheekbone Beauty picks up $350k from Raven Indigenous Capital Partners

By Deanna Utroske

The Ontario, Canada – based color cosmetics brand announced a first funding deal with Raven Indigenous Capital Partners this week. The firm invests to support indigenous values and social enterprise. And while both the Cheekbone Beauty brand and the investment...

© Getty Images \ (Foryou13)

Evonik Venture Capital regularly invests in beauty

By Deanna Utroske

In 2012, the specialty chemical company established an in-house venture capital firm. Over the intervening years, the company has invested in nearly 20 businesses, many of which promise to influence the future of the cosmetics and personal care industry....

Jamaican authorities eye expansion into medical cannabis

Jamaican authorities eye expansion into medical cannabis

By Simon Pitman

The Cannabis Licensing Authority (CLA), of Jamaica, has moved to raise the number of conditional approvals for medicinal cannabis, which includes applications for consumer products such as beauty and personal care.

© Getty Images \ (ChrisGorgio)

Markwins Beauty Brands is taking LORAC global

By Deanna Utroske

Late last week, the cosmetics company announced plans to take the color brand global, first expanding its footprint here in North America, and next by using an ecommerce strategy to reach consumers in Asia.

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