Beauty and personal care categories dominate the headlines this week with Cetaphil parent, Gladerma’s IPO, Clinique launching on Amazon, Beautycounter entering the clean fragrance category and Allies of Skin raising funds to expand into the US. According to a report by XRC Ventures, overall M&A activity in beauty has surged lately. Meanwhile, as consumers continue to spend on travel, travel retail is emerging as a promising growth avenue for brands, especially in luxury.
- Clinique will be the first of a select few brands within the Estée Lauder Cos.’ portfolio to launch an Amazon Premium Beauty store in the US. Clinique developed a Skin Analysis tool - an interactive questionnaire that will custom-fit a skin care regimen for consumers - for its Amazon storefront. (WWD)
- Clean beauty brand, Beautycounter, has launched Clean Eau De Parfum, its first collection of fragrances. As many of the most offensive chemicals are found in fragrance, Beautycounter formulated the new collection starting with a review of each ingredient across 23 health and environmental endpoints. (Retail Dive)
- H&M group is upgrading its store fleet - it will revamp 250 stores worldwide, focusing on key cities including New York, Berlin and Stockholm. The group will open 100 doors in new and growing markets, while shuttering 160 in established markets. (WWD)
- According to thredUP’s state of resale report released this week, the secondhand apparel market grew 11 percent, or seven times faster than the broader apparel market, to $43 billion last year. (WWD)
- A new platform,?Sensoria, is working with designers to help offload unsold items, bringing new approach through fresh photography, styling and storytelling. The garments are repackaged into a curated capsule collection and sold online for a limited time. (Vogue Business)
- As the post-pandemic travel boom continues, travel retail is set to surpass $117 billion in global sales by 2030. International airports like ones in Amsterdam, Rome and Paris are following the lead of those in Asia and the Middle East and investing in infrastructure to attract luxury brands as a way to elevate the overall airport experience. (Forbes)
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- M&A activity in the beauty industry has resurged, reports XRC Ventures in its new report “Consumer VC Benchmarks: Seed-to-Series A”
- Galderma (skincare brand & Cetaphil parent) went public at a $16.6B valuation.
- Loyal (dog longevity startup) raised $45M from Bain Capital Ventures, among others.
- Sicla (Italian footwear) was acquired by Capri Holdings Limited.
- Meyer Labs (cleaning products) was acquired by TruArc Partners.
- Manolo Blahnik (footwear) entered Hong Kong via a joint venture with Bluebell Group.
- Storyteller Overland (outdoor vehicles & products) raised capital from L Catterton.
- ALLIES OF SKIN (skincare brand) raised $20M from Meaningful Partners.
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