Business & Financial

Construction begins on Colonial Chemical M.E. Arabia

Construction begins on Colonial Chemical M.E. Arabia

By Deanna Utroske

Today, the Tennessee-based specialty surfactants company announced that work has begun on a new manufacturing facility that will make the most of regional localization efforts in and beyond Saudi Arabia.

Lunata Beauty closes $3 million Series A funding round

Lunata Beauty closes $3 million Series A funding round

By Deanna Utroske

The cordless-hair-tool startup, founded by Stacey Boguslavskaya and Monica Abramov in 2017, plans to use the capital to develop new tech, expand internationally, and double the size of the Lunata team.

Coty – KKR deal is final

Coty – KKR deal is final

By Deanna Utroske

This week the beauty maker completed sale of its Wella business to global investment firm KKR.

Sensient fragrance business to be acquired

Sensient fragrance business to be acquired

By Deanna Utroske

This week, multinational flavors and fragrance producer Symrise announced having signed an agreement to buy the fragrance and aroma chemicals business of Milwaukee, Wisconsin – based Sensient Technologies. The deal not only expands Symrise’s global reach...

5 Insights on growing a beauty startup into a new market

5 Insights on growing a beauty startup into a new market

By Deanna Utroske

Lori Machiorlette, Co-Founder of the beauty device brand blendSMART, has been importing consumer goods as President in charge of marketing and sales for Worth Products Group for over 15 years. And now in 2020, she’s leveraged her knowledge and contacts...

Kristi Hubbard steps up to CEO post at Younique

Kristi Hubbard steps up to CEO post at Younique

By Deanna Utroske

The direct-social-sales beauty company is advancing its growth strategy according to plan. Hubbard joined Younique this past July in order to take over the CEO role and shift Founder and Board Chair Derek Maxfield to big-picture leadership.

Annie Young-Scrivner to join Wella as CEO

Annie Young-Scrivner to join Wella as CEO

By Deanna Utroske

This month KKR, the global investment company that signed a deal to buy controlling stake in Coty’s professional and retail hair business this past May, announced the new executive appointment.

The Hut Group just acquired Perricone MD for $60 million cash

The Hut Group just acquired Perricone MD for $60 million cash

By Deanna Utroske

The UK-based ecommerce company partners with and purchases lifestyle, fashion, nutrition, and beauty brands to help them win in the D2C marketplace. And that’s exactly where this popular prestige skin care brand is going.

Tula Skincare makes LinkedIn Top Startups 2020 list

Tula Skincare makes LinkedIn Top Startups 2020 list

By Deanna Utroske

Today, the business and employment platform announced the top 50 independent or privately held businesses that have “risen to the challenges that 2020 has presented.” And Tula is not the only brand of interest to the beauty industry on the list.

Inter Parfums plans for COVID-19 recession recovery

Inter Parfums plans for COVID-19 recession recovery

By Deanna Utroske

With sales down nearly 40% year-over-year, the perfume manufacturer updated its 2020 financial guidance this month and shared insight into the company’s holiday expectations and ambitious plans for 2021.

J&J invests in textured hair brand Sunday II Sunday

J&J invests in textured hair brand Sunday II Sunday

By Deanna Utroske

This month, the venture capital arm of Johnson & Johnson contributed to the brand’s seed financing round. It’s funding that will allow the D2C brand, specializing in active beauty for Black women, to reach more consumers with more products.

5 small beauty businesses awarded FedEx grants

5 small beauty businesses awarded FedEx grants

By Deanna Utroske

Last week FedEx Express Canada announced 30 small businesses receiving grants under the company’s new #SupportSmall initiative, a program to help small business across that country survive the Coronavirus economic recession.