Financial focus

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....

© Getty Images \ (greenleaf123)

Sun Chemical is buying BASF pigment business

By Deanna Utroske

In late August, the DIC Corporation (of which Sun Chemical is a subsidiary) announced having entered a definitive agreement with BASF to acquire the company's Colors & Effects global pigments business. BASF Colors & Effects serves several...

Why is Lubrizol pursuing indie brands?  a Cosmetics Design interview with Brandon Ford, Chief Accelerator Director at Lubrizol

CD Buzz Video

Why is Lubrizol pursuing indie brands?

By Deanna Utroske

The global cosmetics and personal care ingredient supplier hired a chief accelerator director in 2017, invested in One Ocean Beauty in 2018, and this week the company is exhibiting at Uplink Live in New York City. At this year’s BeautyX Capital Summit,...

The future of hair care is texture. Is your business ready? a Cosmetics Design interview with Romina Brown, President of Strategic Solutions Intern...

CD Buzz Video

The future of hair care is texture. Is your business ready?

By Deanna Utroske

Consumer demographics are shifting here in the US and globally. And before long, formulators, manufacturers, brands, and retailers will focus more on the characteristics and curl pattern of hair than on any given consumer’s ethnicity. Cosmetics Design...

photo courtesy of IBMG

BeautyX Capital Summit opens Monday in New York City

By Deanna Utroske

The once-a-year knowledge sharing summit is all about capital raising, funding strategies, and the financial realities of launching and running an independent beauty brand. And the 2019 edition of BeautyX Capital promises to be a must-attend event for...

©Getty Images \ (LeoWolfert)

Personal care manufacturer KDC/ONE makes second acquisition this month

By Deanna Utroske

The Canadian company announced this week that it has reached a deal to acquire Swallowfield’s beauty manufacturing business. The news comes just 2 weeks after KDC/ONE acquired Alkos and again furthers the company’s presence and capabilities in Europe.

© Getty Images \ (Kritchanut)

KDC/ONE acquires French beauty manufacturer Alkos

By Deanna Utroske

Recently, Canadian cosmetics and personal care manufacturer KDC/ONE has been growing steadily, opening new laboratory facilities in 2018 and again early this year, and acquiring several businesses to strategically bolster the company’s capabilities in...

Lori Singer, President of Parlux (photo courtesy of the company)

Lori Singer joins Perfumania as president of Parlux Fragrances division

By Deanna Utroske

Friday, when the company announced the news, also marked the accomplished fragrance and beauty executive’s first day in her new role—a role where she’s expected not only to grow the current Parlux Fragrances global business but also to generate new licensing...

Sugandh Agrawal, founder of GUNAS

Why is this vegan handbag company getting into the beauty business?

By Deanna Utroske

Thanks to funding from an anonymous angel investor, GUNAS will soon be selling soaps. The company Sugandh Agrawal founded in 2009 is, according to New York City – based financial advisor Neil Mohinani, currently valued at $5 million and by 2025 that figure...

© Getty Images \ (ismagilov)

CEO Patricia Stitzel takes on board chair role at Tupperware

By Deanna Utroske

Tupperware Brands Corporation owns 5 beauty and personal care brands: Avroy Shlain, Fuller Cosmetics, NaturCare, Nutrimetics, and Nuvo. As board chair and CEO, Stitzel now leads those brands as well as the company’s namesake food storage and home business....

Birdie hand sanitizers (photo courtesy of OLIKA)

Personal care startup OLIKA hires CEO

By Deanna Utroske

The design-forward brand announced changes to the OLIKA leadership this month, along with plans to expand the business beyond its signature Birdie and Minnie hand sanitizers.

(photo courtesy of IBMG)

BeautyX Retail Summit returns to Dallas, Texas, in May

By Deanna Utroske

The 2-day educational event for indie beauty brand leaders takes place next month and features cosmetics and personal care retail experts from Credo, The Detox Market, Whole Foods, Neiman Marcus, Feelunique, Sephora, and more. To learn more about this...

© Getty Images \ (Liderina)

Mary Kay’s sprit of entrepreneurship impacts women today

By Deanna Utroske

While it was just last month when Mary Kay signed the United Nations Women’s Empowerment Principles. The company has been focused on women’s entrepreneurship since day one. To find out more about the Mary Kay approach to expanding women’s economic and...

© Getty Images \ (WangAnQi)

Lisa M. Edwards to join board of directors at Colgate-Palmolive

By Deanna Utroske

The Salesforce executive will take her seat at the table March 1st; and later this year 2 board members will retire. The leadership changes come at a time of transition for Colgate: the consumer products company’s next CEO takes his post in April.

photo courtesy of the brand

Charlotte Tilbury to open first US store this summer

By Deanna Utroske

The color cosmetics, skin care, and fragrance brand led by makeup artist Charlotte Tilbury announced the location of its first own-brand retail shop in North America this week. The flagship store is a next step in what has been a steady progression of...

photo courtesy of Green Growth Brands

CBD personal care maker Green Growth Brands adds ecommerce

By Deanna Utroske

This month the Columbus, Ohio – based cannabis company has opened both physical retail and online retail spaces serving beauty consumers in the US, looking for skin care, bath, and body care formulated with hemp-derived CBD.

© Getty Images / (demaerre)

Colgate announces next CEO

By Deanna Utroske

This week, the global consumer brands company (which owns Tom’s of Maine, Irish Spring, Lady Speed Stick, and other personal care brands) announced that Noel Wallace, currently COO at Colgate-Palmolive, will become CEO in April.

photo courtesy of NEST Fragrances

Maria Dempsey joins NEST Fragrances as CEO

By Deanna Utroske

The luxury fragrance company Laura Slatkin founded 10 years ago is poised for international growth, new digital initiatives, and expansion into even more product categories. And Dempsey, who brings substantial industry experience to the role vacated by...

© Getty Images / (Martin Barraud)

Vantage Specialty Chemicals acquires German surfactant maker

By Deanna Utroske

The personal care ingredient maker announced the deal late last week. By adding LEUNA-Tenside GmbH to the Vantage business, the company hopes to expand its specialty personal care offerings and grow its reach in Europe.

Alan Jope, incoming CEO (photo via Unilever)

Unilever’s next CEO is current president of beauty and personal care

By Deanna Utroske

At the start of the New Year, Alan Jope will take over as CEO of the multinational consumer goods company. Having most recently led the beauty and personal care business—Unilever’s largest division—and been with company his entire career, Jope has the...

Coty announces new CEO and shifts corporate focus to financials

Coty announces new CEO and shifts corporate focus to financials

By Deanna Utroske

Camillo Pane took on the CEO role in July of 2016 just about one year after he joined Coty’s category development team. Now Pane is out and Pierre Laubies, an executive who’s apparently adept at reducing the debt burden of CPG companies, is in as CEO...

Holly Cardinali to lead CPL Aromas US market growth

Holly Cardinali to lead CPL Aromas US market growth

By Deanna Utroske

This month the British fragrance company announced Cardinali’s new role as Business Development Manager for its USA division, making CPL the latest in a string of global fragrance makers to solidify plans to advance and expand business in the United States.

Avon cuts back US operations

Avon cuts back US operations

By Deanna Utroske

The direct-sales beauty, personal care, and wellness company announced plans this week to streamline operations in New York State. Avon is closing offices and reducing staff, all in an effort to “fuel growth,” according to company executives.

Momentive Performance Materials to be acquired

Momentive Performance Materials to be acquired

By Deanna Utroske

The New York-based beauty and personal care ingredient maker announced this week that a collective of South Korean entities will acquire Momentive in a deal valued at just over $3 billion.

image courtesy of IBMG

BeautyX Capital opens Monday in New York City

By Deanna Utroske

Founders of indie beauty and wellness businesses have one final chance to take advantage of a BeautyX educational event this year. The two-day seminar on financing, funding, and investor capital—complete with panel discussions, case studies, networking...

Beauty products caught in an ugly trade war

News Analysis – Guest Author

Beauty products caught in an ugly trade war

By Aliza R. Karetnick

As global players, the well-being of cosmetics and personal care companies depends, in large measure, on an open international marketplace free from excessive duties, which have a tendency to depress manufacturing growth and, in turn, dampen robust industry...

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