Patriach Partners, which holds controlling stakes in Stila Cosmetics and Jane Cosmetics, has appointed the investment company's founder Lynn Tilton to head up the two businesses.
Cosmetics brand Stila Cosmetics has teamed up with virtual makeover firm ModiFace to utilize its facial recognition software and iPhone audience to market its products.
Corporate bargain hunters are looking for good buys in cosmetics and healthcare as the economic downturn throws up a range of acquisition opportunities.