Financial focus

© Getty Images / (tadamichi)

Groupe Marcelle reduces operations and begins layoffs

By Deanna Utroske

As of Monday, March 30, the Canada-based beauty maker will begin scaling back operations and implementing temporary layoffs in response to the Coronavirus global health and financial crisis.

© Getty Images \ (Highwaystarz-Photography)

L’Oréal closes all retail in Canada

By Deanna Utroske

The beauty maker announced this week that all L’Oréal – owned stores across the country are closed “until further notice to help protect employees and customers from the threat of COVID-19.”

© Getty Image \ (fizkes)

Avon and Herbalife execs go to work at Tupperware

By Deanna Utroske

Tupperware owns six brands. Five of those are beauty and personal care brands. And late last week, the direct-sales company added 2 beauty and wellness executives to its leadership team.

© Getty Images \ (metamorworks)

Cosmetic Laboratories of America is now part of the KDC/ONE business

By Deanna Utroske

The Canada-based beauty maker has been growing exponentially since being acquired by Cornell Capital in mid-2018. And the Cosmetic Laboratories of America acquisition is just the latest in what is now a long line of deals that have vastly expanded KDC/ONE.

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MAV Beauty Brands has a new CEO

By Deanna Utroske

Marc Anthony Venere is staying on with the business he founded; but as of this month, the Canada-based company has a new President and CEO.

© Getty Images \ (anyaivanova)

Stephens and Associates acquired by SGS

By Deanna Utroske

The contract research and testing lab venture, based in the Southwestern US, is now part of the multinational inspection, verification, testing, and certification company SGS.

photo courtesy of Advent International

JuE Wong joins Olaplex as CEO

By Deanna Utroske

In November, a private equity firm called Advent International announced it was acquiring the popular hair treatment brand. That deal closed in early January; and now, veteran beauty industry executive JuE Wong is at the helm with plans to expand the...

'Our aspiration is to build not just the best beauty company in the world, but the best beauty company for the world,' says Natura & Co group CEO Roberto Marques (Getty Images)

The future of a Natura-Avon beauty powerhouse?

By Kacey Culliney

Natura & Co has finalised its Avon acquisition, creating a global pure-play beauty giant and direct-to-consumer leader – a mega-business it wants to use to fight the climate crisis, champion cruelty-free, female empowerment and local communities.

© Getty Images \ (eldadcarin)

Clean Beauty gets an infusion of capital

By Deanna Utroske

This month, the prestige clean color cosmetics brand Ilia Beauty announced a Series B funding round, led by Sandbridge and including the New York City – based firm Silas. The investment enables Ilia to, among other things, further finance product development...

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