In breaking news, Chanel is heading up a new beauty consortium, the Traceability Alliance for Sustainable Cosmetics (TRASCE). Led by Chanel and sponsored by the Fédération des Entreprises de la Beauté, TRASCE is comprised of 15 brands (including Groupe Clarins, Dior, the Estée Lauder Cos., and L’Oréal) who will join forces in mapping supply chains and enhancing traceability. “It has become essential to better understand the sector’s supply chains, mitigate the associated risks and support their transition towards a more sustainable and resilient model,” TRASCE said in a statement.
The January 2024 CEW X ViralMoment report has dropped, produced in partnership with teletracking expert Chelsie Hall, revealing the trends already stealing the show on TikToK. Don’t miss the exclusive-to-CEW-members lowdown, curated by ViralMoment, Hall’s trend-forecasting company — from the “Sephora Girls” phenomenon to the rise of “Makeup Refills.”
Pamela Anderson is hoping to make a clean sweep in sustainable, cruelty-free beauty, with the announcement that she has acquired Sonsie skin care. As the brands’s new (makeup-free) co-founder and owner, she described Sonsie as “an emerging, beautiful, vegan and cruelty-free company with an important message that I want to help share with the world. To me, true beauty is about celebrating authenticity.”
According to a recent survey by Kline, 51% of aesthetic consumers are booking wellness-related services along with their non-invasive treatments. At the same time, they are also shopping for vitamins, skin care/makeup hybrid products and sun care, as well as seeking supplement coaching, when visiting medispas. Younger consumers are more likely to adopt new trends, notes Kline. CEW spotlights the key findings of the new report, Emerging Trends in Aesthetic Skin Care: A Consumer Perspective.
Catch up on these and other stories at the links below.
Chanel Leads Traceability Alliance for Sustainable Cosmetics. The new TRASCE consortium is comprised of 15 cosmetics makers. (WWD)
This Month’s Top TikTok Trends. Exclusive to CEW members, the January 2024 X ViralMoment has dropped, revealing the month’s top social media trends, curated by ViralMoment, Chelsie Hall’s trend-forecasting company. (CEW)
Pamela Anderson Acquires Sonsie Skin Care. Anderson and her two sons have been named co-founders and owners of the vegan, cruelty-free skin care range. (ELLE)
The Changing Habits Of The Aesthetic Skin Care Consumer. CEW reports on a revealing new survey by Kline, and what its findings mean for the medi-spa industry. (CEW)
Eurazeo Takes Minority Stake In Ex Nihilo. The European investment group has invested approximately €25 million in the niche French perfumery company, which remains majority-owned by cofounders Sylvie Loday, Olivier Royère and Benoît Verdier. (BEAUTY MATTER)
Bridgepoint To Buy RoC Skincare. According to sources, Bridgepoint has agreed to purchase the NY-based, French-founded skin care company. (MARKET SCREENER)
The Clean Face Of Couture. Nude lips and natural-looking makeup was the beauty look of choice at Christian Dior’s Haute Couture Fall/Winter 2024 show in Paris. (THE DAILY TELEGRAPH)
Natura & Co. To Delist From the New York Stock Exchange. The Brazilian firm is expected to suspend trading in New York next month. (COSMETICS BUSINESS)
BeautyStat’s New Gen X Moisturizer. Formulated by founder Ron Robinson, the Peptide Wrinkle Relaxing Moisturizer targeting the needs of Gen X skin has launched at the brand’s website and rolls out at ULTA Beauty stores, February 4. (PR NEWSWIRE)
