Business & Financial

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Coty – KKR deal is final

By Deanna Utroske

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

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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, CEO of Younique (photo courtesy of the brand)

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, incoming CEO of Wella Company (photo courtesy of KKR and Wella)

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.

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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.

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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.

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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.

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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.

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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.

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One Ocean acquired by Present Life

By Deanna Utroske

The new beauty and wellness holding company, led by former Coty CEO Camillo Pane, announced the acquisition just this week.

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FORMA is building brands for next-gen beauty consumers

By Deanna Utroske

A new venture, backed by the growth equity firm General Atlantic, has emerged from what was Morphe Holdings to develop, accelerate, acquire, and curate the personal care, cosmetics, and wellness brands that will win over Millennial and Gen Z consumers.

Debra L Lee brings a wealth of experience to the P&G Board of Directors (photo courtesy of P&G)

Debra L Lee joins P&G Board of Directors

By Deanna Utroske

This week, the multinational consumer goods company announced appointing the former Black Entertainment Television (BET) CEO to its Board of Directors.

Linda Rendle, incoming CEO at Clorox (photo courtesy of the company)

Linda Rendle steps up to CEO at Clorox

By Deanna Utroske

Next month, the company that owns Burt’s Bees and several popular household and professional product brands, will have new leadership.

Keech Combe Shetty,  PCPC Board Chair

Keech Combe Shetty elected Board Chair of PCPC

By Deanna Utroske

The Personal Care Products Council has announced that as of Monday, Keech Combe Shetty—Executive Chair at Combe, the personal care company behind brands like Vagisil and Just For Men—is the organization’s new Board Chair.

Odile Roujol, Founder of Fab Ventures Fund

Fab Ventures champions clean beauty startups

By Deanna Utroske

This week, the new venture capital fund focused on DTC femtech, wellness, clean beauty, and sustainable fashion announced a first group of funded brands.

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