Cheat Sheet January 10, 2024
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Joy Sunday wearing bright violet eye makeup and a matching top.
Photo, Lancôme.

January 10, 2024

The CEW Cheat Sheet lets you conveniently scroll through the morning’s biggest beauty, tech, and business-related headlines all in one place. Stay up-to-date on major acquisitions and industry moves; learn about brand launches and biotech innovations; and read through investigative reports on the state of the market or our new working norm.

Perfectly timed for red carpet season, Lancôme has revealed today that Joy Sunday will be its newest global ambassador. The Nigerian-American actress, who is due to attend the Emmy Awards on Monday in her new role for the brand, will represent makeup and skin care. Her first worldwide campaign for Lancôme will appear in February.

In executive news, CEW reports on the naming of Neela Montgomery as Orveon Global’s new Chief Executive Officer. Montgomery, who most recently served as a Board Partner at venture capital firm Greycroft, replaces Pascal Houdayer, who left the company last month. She commences her new role on January 18. 

In other moves, after 15 years as Director of International Communications at Parfums Christian Dior, Jérôme Pulis is going to Augustinus Bader as its new head of Global Brand Marketing and Communications.

A sign of the snap-up-the-cool-young-brands times, Kosas is reported to have hired bankers to explore a potential sale of the Gen-Z-loved beauty brand. The company was founded in 2015 by Sheena Zadeh-Daly, who launched with four lipsticks, and focuses on science-backed, clean ingredients. The news comes at the same time that fellow beauty start-up Merit Beauty, backed by Greycroft Partners, is said to be exploring a potential sale process.

Catch up on these and other stories at the link below.

Lancôme Names Joy Sunday New Global Ambassador. The actress, representing makeup and skin care, will appear in her first worldwide campaign for the brand next month. (WWD)

Neela Montgomery Named Orveon CEO. Replacing Pascal Houdayer, who left the company in December 2023, Montgomery commences her new role on January 18. (CEW)

Jérôme Pulis Moves To Augustinus Bader. After 15 years as Director of International Communications at Parfums Christian Dior, Pulis has been named head of Global Brand Marketing and Communications by Augustinus Bader. (COSMETICS BUSINESS)

Kosas Explores Sale. A firm favorite of Gen-Z, the beauty brand is said to have hired bankers to explore a potential sale. (THE INFORMATION)

David Chung’s The Rootist Launches. The founder of Farmacy Beauty’s new hair care range is now available at Sephora, based on a patent-pending, “multi-vitamin superfood” ingredient, Rootbiomic Ferment, for the scalp and hair. (MARIE CLAIRE)

L’Oréal Acquires Outstanding Gjosa Shares. The group has announced it is now acquiring the Swiss water tech company, after making a minority investment and partnering with it in 2021, for the launch of the L’Oréal Professionnel Water Saver professional showerhead. (L’OREAL FINANCE)

Sommetbeauty Reopens On The Upper East Side. Founder Jane Fernandez has opened the doors of the luxury retailer on Madison Avenue and 69th Street. (BEAUTY INDEPENDENT)

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