Estee Lauder announced last week that it is to make the biggest acquisition in its history with the purchase of cult cosmetics brand, Too Faced.
With a majority stake sold back in 2015 to private equity firm General Atlantic, Too Faced was reportedly valued at $500 million. Seemingly, the brand appears to have almost tripled in value, being sold to Estee Lauder for $1.45 billion in an impending deal set to close before the end of December.
Too Faced was founded back in 1998 by former Estee Lauder employees Jerrod Blandino and Jeremy Johnson. Famed for its kitsch packaging and highly pigmented products, the brand has gone from strength to strength over the years and is renowned for its commitment to being 100% cruelty-free and its extensive offering of vegan cosmetics.
Petit Pai is the new skincare range for babies from the organic skincare brand, Pai Skincare.
The range consists of Apple & Mallow Blossom Face & Body Cream (£20), and Apple & Mallow Blossom Hair & Body Wash (£18), and also a Try Me Set (£8).
All products are fragrance-free and are formulated to maintain the optimum pH of babies’ skin. The key ingredients used in the range are apple seed oil and mallow blossom.
Image credit: tec_estromberg
Monthly beauty box subscription service Glossybox, which delivers luxury beauty samples, has appointed Britta Fleck as its President & Managing Director for North America.
Since its launch, Glossybox has grown exponentially, now offering its subscription service across ten countries. The company sends a box of sample-sized cosmetic products to its customers each month, as well as beauty tips and ideas.
Prior to joining Glossybox, Fleck worked as Head of the Music Division at Filmpool and founded eye C music – a joint venture with MME & Helkon Media. She has worked for the Glossybox since its 2011 launch, initially working as its Senior Vice President of Global Brand Relations. She has also worked as a Trend Expert and Managing Director of North America for the company.
Fleck will be responsible for driving growth and increasing consumer awareness of the Glossybox brand both in the US and internationally. She says she plans “to bring a unique global perspective on beauty to this new appointment. My core focuses will be strengthening our business in the U.S. market as well as managing Glossybox’s overall positioning.”
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Scientists at Massachusetts Institute of Technology have created a novel material that could be used to temporarily tighten the skin and smooth wrinkles.
The wearable film has shown promise in a series of small trials where it was applied to wrinkles, under-eye bags and patches of dry skin. It is said to improve skin’s elasticity, reduce appearance of wrinkles and could be used to cover birthmarks or treat conditions such as eczema.
The ‘second skin’ is applied in the morning, then peeled off and disposed of at night.
Daniel Anderson, Associate Professor at MIT’s Department of Chemical Engineering, explained: “It’s an invisible layer that can provide a barrier, provide cosmetic improvement and potentially deliver a drug locally to the area that’s being treated.”
The technology has been passed on to start-up company Olivo Laboratories, which will focus on its development. The team will initially focus on medical applications for the polymer in treating skin conditions.
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Unilever has suspended all contracts with one of its palm oil suppliers over claims of deforestation.
In what is arguably the Roundtable on Sustainable Palm Oil’s (RSPO) most significant intervention in its 12-year history, the organisation has suspended the certification of one of its founding members, IOI, a Malaysian palm oil company which supplies palm oil to more than 300 companies. Mars and Kellogg’s have also dropped the supplier.
This means that IOI and its trading division IOI Loders Croklaan will be temporarily prevented from selling palm oil it produces post suspension as certified sustainable.
RSPO suspended IOI Group’s certification following a complaint concerning land clearing and deep peat clearance. Unilever said: “This suspension puts IOI in breach of our policy. In line with our grievance procedure, we are now in the process of disengaging with the supplier and have set a time bound plan to do this over the next three months.”
Unilever has committed to sourcing palm oil solely from regions with climate and forestry initiatives and have publicly pledged to source 100% of its packaging materials from sustainable sources.
Greenpeace first documented IOI’s alleged destruction of orangutan habitat and peatland forest in our 2008 report Burning up Borneo. Since then, IOI has been in the spotlight over accusations of deforestation, including repeated outbreaks of fires in and around its concessions last year.
Image credit: SarahYeomans
Russian-German celebrity Palina Rojinski has been named the new face of Pantene Pro-V.
Renowned for her trademark red hair, Rojinski is a natural choice for the P&G brand and is set to star in a new campaign set to debut later this month.
Rojinski said: “My hair is very important to me because it is my trademark. It should be healthy and shiny as well as strong enough for any challenge I face. I have only recently started to use Pantene conditioners, but can already see a real difference!”
Image credit: Katie Belle
Germany’s Henkel (HNKG_p.DE), maker of Schwarzkopf shampoo and Loctite glue, has agreed to buy a range of hair care brands from Procter & Gamble with a view to further strengthen its haircare portfolio in emerging markets.
The deal includes a portfolio of brands including Pert, Shamtu and Blendax, whose key countries are Russia, Saudi Arabia and Turkey. In the fiscal year 2015, sales of the brands to be acquired amounted close to 100 million US dollar.
“This acquisition is part of our strategy to further strengthen our footprint in emerging markets and to invest in strong country category positions. We are convinced that emerging markets will continue to generate above-average growth in the future,” said Hans Van Bylen, Executive Vice President and responsible for Henkel’s Beauty Care business. “These brands are a perfect fit for our Beauty Care business. They will strengthen our existing core category hair care and provide a platform for further expansion.”
Image credit: Elena Kalis
Alexander McQueen has announced that it is expanding into fragrances. Its first scent has been named McQueen Parfum and will be available exclusively at Harrods on March 1.
Developed and distributed by P&G’s Prestige Beauty business, the scent will be priced at £285 for 50ml and is said to contain a combination of sambac jasmine, tuberose and ylang-ylang with top notes of pink and black pepper and vetiver.
The scent is packaged in a heavy glass bottle finished with a ring of antique gold feather around the neck.
Image credit: Paul Bowden
Online beauty discovery company, MyShowcase, has gauged two new retail partnerships with haircare brand, Percy & Reed, and the skincare supplement brand, Pure Elixir.
The retail contracts were secured in the last quarter of 2015 with a view to start trading in MyShowcase’s first mid-season edit from January 2016 onwards.
Make-up artist and Global Creative Director at Max Factor, Pat McGrath, is expanding her range of cosmetics.
After sharing hints on Instagram of obsidian lacquered lips, holographic oil spills, and faces painted with smatterings of glittering metallics, McGrath launched Phantom 002 at an exclusive launch party hosted by Vogue magazine and held at Kellogg’s Diner in New York.
Phantom 002 is a multi-use kit containing coloured pigments, eyeliner, eye gloss and several application brushes. On the Pat McGrath Labs website it is described as: “A defiantly decadent kit to create underground looks that span the decades.”
A full range from the make-up artist is expected to launch in 2016.
Image credit: Maxime Poiblanc / Courtesy of Pat McGrath