This morning, the news is dominated by headlines that range from the lawful good (the start of Beyoncé’s Renaissance tour), the chaotic good (Chanel’s resort show in LA, the lines outside of H&M for its Mugler fashion collab), to the just plain chaotic (anything political, really). But when it comes to beauty, the biggest stories revolve around newness: new formulation technologies, a new talent collectives for L’Oréal, new consumers discovering classic indie fragrances, and a magical holiday that might be new to some, but for Black cosplayers, has become a supportive and safe space to express themselves and their love of fantasy. Read these stories and more in the links below.
Gen-Z Is Driving Fragrance M&A. A younger generation is discovering small, indie fragrance for the first time via TikTok, and investors are taking notice. (Business of Fashion)
Introducing the L’Oréal Paris League of Experts. The makeup artistry talent collective is made up of three initial members — Allen Avendaño, Claudia Betanur, and Erica Taylor — with a goal of bringing the brand, its products and content, to as many audiences as possible. (WWD)
Latest Quarterly Earnings Paint a Cautious Pictures for the Beauty Industry. In this in-depth report, Glossy highlights the trends that are emerging from the quarterly earnings reports of five different brands, as well as spotlighting their successes and missteps. (Glossy)
Ingredient Innovations: Three Trends CosmeticsDesign Saw at In-Cosmetics Global. Upcycling, neuroactive ingredients, and more were the most compelling trends spotted at this year’s In-Cosmetics Global conference, which was held in Barcelona back in March. (CosmeticsDesign)
Amazon Anywhere Lets Consumers Buy Real Merchandise in Video Games. This week, Amazon debuted new technology that enables immersive shopping experiences for video games, virtual worlds, and mobile apps without having to leave the game or app. (Retail Info Systems News)
What Is Black Fae Day? The Story Behind Cosplay’s Magical Holiday. Black Fae Day is an annual holiday on the second Saturday of May for Black folks who love everything about the world of fantasy — and use incredible beauty looks to celebrate. (Allure)