A new report by Circana confirms that the growth streak of both prestige and mass beauty brands continued in 2023, with U.S. sales of prestige products hitting the $31.7 billion mark last year. “Makeup was the fastest-growing category based on dollar sales in the prestige channel,” reports Andrea Nagel at CEW today. “In the mass market, makeup and skin care were the only two categories to grow based on units sold.” Nagel unpacks Circana’s key insights, from the popularity of prestige lip products in makeup and serums in skin care, to fragrance’s heady sales figures reported last year. In prestige hair products, styling innovation stole the show. Larissa Jensen, Global Beauty Industry Advisor at Circana, said “this performance is remarkable”, while stressing the need for brands to be aware of the economic pressures on consumers, and to focus on “flexibility, creative thinking, and effectively harnessing high consumer engagement”.
Sugared + Bronzed, the sunless tanning and sugaring hair removal studio founded in 2010 by Courtney Claghorn in Santa Monica, California, is expanding its 23 location-strong business with 10-12 new locations this year, and 10-15 scheduled for 2025. The company received investment from Main Post Partners in 2019, for an undisclosed amount. Claghorn, who remains President, cites word-of-mouth recommendations and an extensive staff training program as key factors in its growth. Three new Manhattan studios are due to open in March.
The first episode of the new Make Time Wellness podcast, hosted by Emma Heming Willis, wife of Bruce Willis, and Helen Christoni — co-founders of the women’s brain health brand of the same name — drops today. The first show features an interview with Dr. Barbara Sturm.
Get caught up on on all things MoCRA by watching a replay of the CEW X Registrar webinar which took place earlier this month: Regulation Makeover: MocRA’s Updates and Compliance Deadlines. The must-see session covers everything beauty brands need to know about the regulation changes that went into effect last year, and how they will impact businesses in 2024.
Read more on these and other stories at the links below.
Beauty’s Winning Streak. A new Circana report reveals that U.S. sales of both prestige and mass products continued to grow in 2023. (CEW)
Sugared + Bronzed’s Expansion Continues. The sunless tanning and sugaring hair removal studio is due to open 10-12 new locations this year, including three new studios in Manhattan, with a further 10-15 scheduled for 2025. (WWD)
Chapstick Acquired By Yellow Wood Partners. The iconic lip balm brand will be purchased by the Boston-based private equity firm for $430 million. (BEAUTY MATTER)
Make Time Wellness Podcast Launches. Co-hosts Emma Heming Willis, wife of Bruce Willis, and Helen Christoni, co-founders of the brain health brand, interview Dr. Barbara Sturm in the first episode. (MAKE TIME WELLNESS)
New Rosacea Certification For Skin Care. The National Rosacea Society will give a new Seal of Acceptance to skin care products that have been tested by a panel of doctors and meet its approval. (GLOSSY)
Wairua Shares Its Secret Of Success. The new Miami Beach beauty boutique focuses on clean ingredients and customer education. (BEAUTY INDEPENDENT)
On MoCRA, In Case You Missed It. Watch the in-depth CEW X Registrar webinar, Regulation Makeover: MocRA’s Updates and Compliance Deadlines, which took place earlier this month. (CEW)
