Reality TV star Kylie Jenner is on track to become the youngest self-made billionaire in the United States thanks to the booming cosmetics company she launched two years ago, Forbes magazine reported on Wednesday.
Make-up brand Iconic London has been acquired by Blue Gem Capital’s growing beauty division. The three-year-old brand joins an overall style-focused portfolio that includes Liberty London, Jack Wills and Mamas & Papas.
Though largely staying in the background with little public recognition themselves, contract manufacturers stand to benefit as Korean brands they work for rapidly grow in China's $53.5 billion cosmetics market.
A new beauty industry report has projected the global vegan cosmetics market will reach $20.8 billion by 2025, propelled by millennials. Brands already active in the space include Urban Decay, Arbonne, and Pacifica.
UK beauty chain Superdrug is riding high on the back of its Love Island sponsorship with full-year profits and sales both rising and the company seeing continued growth momentum in important product categories.