Jenni Baden HowardIn breaking news, Laura Slatkin, founder of Nest New York, is stepping back from day-to-day operations. Slatkin will still serve on the fragrance brand’s board of directors. A company memo stated that “after a rewarding and successful journey, Laura has decided to focus on new entrepreneurial pursuits,” reports WWD.
Supporting the beauty entrepreneurs of the future, the Maesa Magic Incubator is now in its third year. CEW reporter Faye Brookman sat down with Piyush Jain, CEO of Maesa, who said that its goal of funding, mentorship, and industry support for underrepresented beauty founders is needed now, more than ever. “Entrepreneurship is the lifeblood of the beauty industry. And every founder deserves their voice to be heard,” stated Jain. “With DEI initiatives rolling back and persistent funding barriers for BIPOC founders, being heard, especially if you’re a minority, has intensified.”
Speaking of inclusivity, a new initiative by the British Business Bank aims to support diverse and emerging fund managers, and break down the barriers for entry, especially for underrepresented groups. The project includes a commitment to invest an additional £50m into female-led funds.
New research from data firm Beauty Intelligence sheds light on a behavior shift in the textured hair care market. At CEW, we unpack some of the ways these shifts are impacting this product category, as shoppers reevaluate their routines.
Also at CEW, in an exclusive report for members, we track with the growing trend for beauty brands to partner with Formula 1 (F1) and F1 Academy — the female-only championship — motorsport teams and drivers. Last weekend, Elemis hosted a beauty pop-up trackside at the British Grand Prix in Silverstone, offering ‘pit stop’ beauty services, in partnership with the Aston Martin Aramco Formula One Team. Charlotte Tilbury and Wella are among other brands to have inked sponsorship deals.
Glossier is the latest beauty brand to launch on TikTok Shop. “Glossier’s expansion reflects broader industry shifts toward social commerce,” reports Global Cosmetics News. Meanwhile, The Beauty Tech Group, which owns CurrentBody — renowned for its CurrentBody Skin LED mask, Tria Laser and ZIIP — is tripling the size of its U.K. headquarters, to support its ongoing international growth.
In skin care updates, HydroPeptide has tapped Dr. Lauren Jamieson as its new medical director. Dr. Jamieson brings over 15 years of clinical expertise to the role. Meanwhile, Clarins has used its first biotech ingredient, activated red jania extract, in its new Total Eye Lift cream.
Catch up on these and other news stories by clicking on the links below.
Laura Slatkin Stepping Back At Nest New York. “Laura’s passion and vision built the foundation of Nest New York,” Edgar Huber, the company’s CEO, told WWD. “We will continue her legacy of creating sophisticated, nuanced and beloved fragrances as we grow globally.” (WWD)
Maesa Marks Three Years Of Magic Incubator. Since launching in 2023, the program has awarded more than $200,000 in funding and has graduated six inspiring entrepreneurs. (CEW)
British Business Bank Announces Initiative Supporting Funding For Underrepresented Groups. “The Bank has already committed to supporting the aims of the Invest in Women Taskforce by investing £50m into female-led funds through its existing programs,” reports British Business Bank. The Bank will increase this commitment, investing a further £50m into female-led funds that are aligned with the eight growth-driving sectors of the Industrial Strategy, taking its total commitment to £100m, further expanding access to funding for female investors and entrepreneurs.” (BRITISH BUSINESS BANK)
What’s Changing In Textured Hair Care Shopping? We report on the key findings of Beauty Intelligence’s research, including a consumer downshift from masstige to value. (CEW)
Beauty And Formula One, The New Power Partnership. “The latest Nielson study shows that 41% of F1 fans are women and this shift presents an incredible opportunity to promote inclusivity within the sport,” said Sean Harrington, Founder and CEO of Elemis, which has a partnership with the Aston Martin Aramco Formula One Team. (CEW)
Glossier Drops On TikTok Shop. This follows the brand’s wholesale launch at Sephora, which contributed to a $100 million sales boost within its first year. (GLOBAL COSMETICS NEWS)
CurrentBody Owner Expands UK Headquarters. The Beauty Tech Group will grow its footprint from 5,000 square feet to more than 16,000 square feet. (COSMETICS BUSINESS)
HydroPeptide Appoints Dr. Lauren Jamieson As Its Medical Drector. “Dr. Jamieson embodies the ethos of HydroPeptide: intelligent, ethical, and grounded in real results, while sharing our commitment to innovative, clinically effective skincare that prioritizes long-term skin vitality over quick fixes,” said Annette Rubin, CEO of HydroPeptide. (BEAUTY PACKAGING)
Clarins Debuts First Biotech Ingredient. The new Total Eye Lift harnesses retinol-like organic harungana extract, combined with a new extract of activated red jania. (HAPPI)
Swimwear Brand Elise x Elisia Splashes Into Body Care. Janel Livingstone, founder of the swimwear range, has launched a body product collection. (BEAUTY INDEPENDENT)
