Jenni Baden HowardWith the beauty world buzzing about the acquisition of Space NK by Ulta Beauty, CEW asked eight leading female beauty executives for their takes on the news. In addition, we spotlight the confirmation of Ulta Beauty’s K-beauty commitment, with the debut of K-Beauty World, its trailblazing platform of 200 SKUs from eight Korean beauty brands, curated by Sarah Chung Park, founder and CEO of Landing International.
In breaking sustainability news, the EcoBeautyScore Association has launched EcoBeautyScore, the first industry-wide, environmental scoring system for cosmetics and personal care products. According to Global Cosmetics News, L’Oréal, Neutrogena, and Nivea are among the first brands to get on board. And in other green beauty updates, eco-focused hair care brand Hairstory has debuted a new, sleek refillable bottle, with multiple, sustainability-focused features.
In her latest column for CEW, Money Matters With The Fiscal Femme, Ashley Feinstein Gerstley tackles budgeting for today’s inflation rises. “A recent poll of my Fiscal Femme community showed that 40% have had to create a new budget to account for rising costs,” writes Feinstein Gerstley, who offers nine steps to help you keep spending in check. Meanwhile, in business news, forbes.com asks, “Are Workplace Awards Still Worth It?”, and asks millennial professionals to share their personal experiences. “In a post-pandemic, DEI-backpedaling, results-over-resumé landscape, some are asking: is chasing workplace recognition still worth it?” reports Forbes contributor, Jasmine Browley.
In advance of Cosmoprof in Las Vegas, which runs from today through Thursday at the Mandalay Bay Convention Center, WWD sat down with Petra Ecclestone, daughter of founder and former Chief Executive Officer of Formula One Group, Bernie Ecclestone, about her new brand, Crickle Daisy, which she is showcasing at the event. Designed for both adults and children, Ecclestone describes the formulas as being “clean, safe and good for your skin.” Meanwhile, here at CEW, we’re looking ahead to Beauty New York, which makes its debut this October at the Shops at the Oculus. “Envisioned as the New York Fashion Week for Beauty, it looks to honor the city’s legacy as a global epicenter of creativity, commerce, and influence – and ultimately gives beauty a marquee moment,” writes CEW’s Andrea Nagel.
In executive news, Kenvue has tapped its current Director, Kirk Perry, as its Interim CEO, effective immediately. Meanwhile, shareholders of Walgreens Boots Alliance (WBA), which owns Boots, have approved the company’s acquisition by US private equity firm Sycamore Partners.
Read more about these news stories by clicking on the links below.
Eight Beauty Executives Discuss Ulta Beauty’s Space NK Deal, And K-Beauty Commitment.“Kecia Steelman, President and CEO, termed the deal part of Ulta Beauty’s goal of creating a broader platform to unlock long-term profitable growth. In addition to the U.K., the blueprint includes international expansion into Mexico and the Middle East,” reports CEW reporter, Faye Brookman. (CEW)
EcoBeautyScore Creates A Green Benchmark For Beauty Brands. Three years in the making, the new scoring system was developed by a not-for-profit consortium of more than 70 global manufacturers and trade associations. (GLOBAL COSMETICS NEWS)
Hairstory Unveils New Refillable Bottle. “The introduction of our patent-pending, endlessly refillable bottle represents a true game changer for our brand,” commented CEO Dina Rosenbloom. (BEAUTY PACKAGING)
How To Budget For Inflation Rises. In her CEW column, Money Matters With The Fiscal Femme, Ashley Feinstein Gerstley suggests nine strategies, such as earning some money on the side, through a side hustle or by monetizing a hobby. (CEW)
Are Workplace Awards Worthwhile? “In many relationship-driven industries, accolades are more than a pat on the back—they’re a form of social proof. But the cost—both in time and money—isn’t small,” reports forbes.com. (FORBES)
Petra Ecclestone Showcases Crickle Daisy At Cosmoprof In Las Vegas. Ecclestone consulted dermatologists and facialists before creating her cross-generational beauty brand, which are sold on the Crickle Daisy site, plus Nordstrom, Anthropologie, Amazon and eCosmetics. (WWD)
What To Expect At Beauty New York. CEW’s Andrea Nagel gives the inside scoop on the event, which kicks off with The Impact Awards on the evening of October 16 at the Hall des Lumiéres. (CEW)
Behind The Scenes At The CEW x Dior Member Meetup. The sold-out event drew attendees from global brands and independent startups, including Bath & Body Works, Beekman 1802, Borghese, Colgate, Coty, Coven Creative, Givaudan, JPMorgan Chase, L’Oréal, LVMH, NARS, ReVive, Shiseido, Source Beauty, among many others. (CEW)
Kenvue Appoints Kirk Perry Interim CEO. “We are very pleased to have a leader of Kirk’s caliber and experience step into the role of Interim CEO to lead Kenvue during this important time,” said Larry Merlo, Kenvue’s Chair of the Board. “His deep knowledge of the intersection of technology, data and global consumers has already been an asset during his time on the Board.” (KENVUE)
Walgreens Boots Alliance Shareholders Approve Boots Takeover. Approximately 96% of votes by all shareholders were in favour of the US$10bn merger agreement proposal, reports Cosmetics Business. (COSMETICS BUSINESS)
