Led by Katherine Power, Versed kicks off with a range of 19 products, including cleansers, moisturizers, serums, masks and more. Items are priced from $9.99 to $19.99 and available at Target and Target.com.
Nestle has entered exclusive talks to sell its skin health business to a consortium led by EQT Partners for 10.2 billion Swiss francs, as the food group shifts its portfolio in response to changing consumer demands.
FabFitFun has expanded into the UK following an $80 million funding round in January. The membership includes the FabFitFun Box, which delivers a selection of beauty and lifestyle products four times a year.
Walgreens-owned Boots has blamed intense competition and the highly promotional retail environment for a 18.3% decrease in UK profits to £317 million, as its parent company considers the possibility of store closures.
To support its growth strategy, cosmetics company Avon has announced that its new mobile app ‘Avon Go’ will be available to representatives in 17 markets worldwide following a successful trial in the UK.
Goran Petrovic is moving from Avon Canada to Avon Worldwide to drive the transformation plan in Eastern Europe and Russia. His relocation coincides with LG Household & Health Care’s acquisition of New Avon LLC.
In the fiscal year ended 31 March 2019, the cosmetics group – owner of L'Occitane en Provence and Melvita, among others – saw its revenues jump 8.7%, boosted by strong performances in the US, China, Brazil and Russia.
Greenwich, Connecticut-based entrepreneurial private investment company Emil Capital Partners has entered into a strategic investment to expand the retail growth of Texas-based spa and beauty brand, Milk + Honey.
Beauty and personal care were a big part of Unilever's larger than expected Q1 sales rise and its acquisitions grew faster than other brands as their innovative business models and products scored globally.