Prismologie Takes Leap Into Us Market
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Copyright © 2017 HPCiMedia. This publication may not be distributed without prior permission. 23 January 2017 Issue 2 cosmeticsbusiness.com NEWS BUSINESS 4 EXPERT ADVICE 7 INNOVATION 9 PEOPLE 11 Marks & Spencer reveals 2016 Are women fairly represented Snail slime makes resurgence Caitlyn Jenner launches beauty advent calendar sales in the fragrance industry? in hair care category new range with MAC Coty acquires 60% fter a successful UK PRISMOLOGIE TAKES launch in 2015, body stake in Younique Acare brand Prismologie LEAP INTO US MARKET will enter the US in February. Coty has acquired 60% of the The brand, which focuses on social selling platform Younique Luxury body care brand plans to bring its products, the healing power of crystals for $600m in cash. which use colour and fragrance to influence mood, and mood-enhancing use of The deal will see Younique colour, is hopeful that its join Coty’s Consumer Beauty across the pond as part of a wider global strategy message will be well received by division as a separate business, US consumers. “Our US leveraging the conglomerate’s launch plans are part of a global R&D, innovation, manufacturing launch strategy for Prismologie. and supply chain resources. We have already launched in The remaining 40% of the Dubai and plan to continue business will continue to be owned by Younique’s Founders with expansion across European – CEO Derek Maxfield and and Middle Eastern markets,” Chief Visionary Officer Prismologie Co-Founder Melanie Huscroft. Sheikha Fatima Al-Sabah told Younique is a social selling Cosmetics Business. “The US, website that allows members of however, is going to be our key the public or ‘Younique market focus for expansion in Presenters’ to start selling the 2017. We’ve done our research brand’s products, such as its and British beauty is thriving best selling Moonstruck 3D internationally based on Fiber Lashes+, through their perceived luxury and quality, as own e-commerce store. reported in The Times Raconteur Today, Younique has Global Market Lifestyle Report.” approximately 200,000 active Storytelling will be a key sellers and 4.1 million focus for the brand. “We have customers in ten countries spent the past year working on including the US, UK, Canada, refining Prismologie’s message Australia, France and Hong in the UK, with a focus on the Kong. Coty CEO Camillo Pane ingredients in our products and said: “Derek and Melanie are their benefits, and it has worked tremendous entrepreneurs who tremendously for us,” said Al- have built one of the most Sabah. “We have a lot of new engaging and fastest growing products in development and e-commerce companies in will move even further into the beauty.” Maxfield and Huscroft healing realm, with treatment will continue to lead Younique, protocols that work alongside along with the rest of the our products.” management, in partnership The brand is also looking to with Coty. grow distribution via chain and The acquisition is due to independent retailers: “We are close in Coty’s Q3 2017, and is in talks with a well-known expected to be immediately national retailer. We will also accretive to Coty’s top-line have our US website up and growth, EBITDA margin and running by March.” FY17 earnings. @cb_beautynews Cosmetics Business cosmeticsbusinesss Copyright © 2017 HPCiMedia. This publication may not be distributed without prior permission. BUSINESS MILK MAKEUP RECEIVES FIRST INVESTMENT ilk Makeup, a US colour cosmetics passionate customer base and innovative, creative NEWS brand, has received a minority DNA that will resonate worldwide.” Main Post Minvestment from private equity company has previous experience in investing in consumer 23 January 2017 Main Post Partners. The investment marks the products companies. It previously invested in Too first outside capital for Milk Makeup and will be Faced Cosmetics before it was acquired by Estée Issue 2 used to help accelerate its growth. Lauder at the end of last year. cosmeticsbusiness.com Milk Makeup is on the expansion trail and has Rassi said: “We are thrilled to have another plans to quadruple its door count in 2017; it is opportunity to invest in an exciting brand with a currently sold through 200 doors. The brand dynamic team and exceptional retail partners.” Editor is available in 50 Sephora Lucy Tandon Copp stores, Urban Outfitters and Reporter Birchbox, and will expand Sarah Parsons into Sephora Canada this Sub Editor year. By the end of 2017 it Austyn King plans to be available in 200 Contributors Sephora stores. Sarah Cohen, Patricia Mansfield- Josh McDowell, Partner of Devine, Michelle Yeomans Main Post, said the company was “excited” to partner with Art Editor Milk Makeup Co-Founder Sibylla Duffy and Creative Director Digital Production Mazdack Rassi and his team. Nita Salem He said: “Milk has a Head of Print & Digital Production Ross Murdoch THIERRY MUGLER CELEBRATES Lush backs regeneration with Managing Director 25 YEARS OF ANGEL IN PARIS Colin Bailey-Wood To celebrate the 25th birthday of its flagship new global Spring Prize fragrance Angel, Thierry Mugler is holding a Lush and the Ethical Consumer Research ‘fairy-like’ exhibition of lights at the Grand Association have announced the launch of the Musée du Parfum in Paris. Lush Spring Prize, which will award worthy Cosmetics Business The exhibition, which will be open until 19 projects working towards environmental and HPCi Media Limited February, is in the garden of the museum and social regeneration with a share of £200,000. Natraj Building aims to create a fairy-garden atmosphere, with The prize fund is now open for nominations The T anneries, light-shows, chandeliers in the form of umbrellas (entries close on 28 February) and projects from 55 Bermondsey St, and illuminations highlighting 50 miniature across the world are encouraged to enter. London SE1 3XG Angel bottles, which are shaped like stars. The annual fund will not only help support +44 20 7193 1279 The chandeliers use 450 crystals each – a total projects that are directly working to revive [email protected] of 8,850, weighing nearly two tonnes. damaged environments but also those looking to Subscriptions The display is designed to work both in overhaul policy. +44 20 7193 1279 daytime and in the evening, and the main Regenerative projects considered could be [email protected] courtyard and facade of the museum have also working to support solidarity, community been flooded in blue light, in a nod to the colour resilience, generating renewable resources or Editorial of the fragrance. restoring ecosystem functions. +44 20 7193 9502 In total, the exhibition, created by Mugler There are four key categories open for entries. [email protected] Studio, required 300m of crystal strings and took These include: Intentional Projects (£50,000), 150 hours to put together. aimed at ideas in the early stages; Young Projects The display can be seen by visitors (£75,000), aimed at projects one to five years old to the Grand Musée as well as the and seeking growth; Established Projects Museum’s separate concept store. (£50,000), ideal for projects that are Concept store visitors will be demonstrating success; and Influence Award given a free miniature of Angel (£25,000), open to projects campaigning to ©HPCi Media Limited with every purchase. influence policy or public opinion. Articles published in this publication may only be reproduced with permission. The The exhibition opened A panel of judges will select winners from a publisher accepts no responsibility for any on the evening of 5 shortlist in March, with the awards presented in statements made in signed contributions or May at a presentation event. in those reproduced from any other source. January with a gala event ISSN 2057-1984 featuring Miss France Ethical Consumer Research Association is a 2017 Alicia Aylies and her non-profit research and consultancy organisation predecessor Iris Mittenaere, that specialises in independent research into along with the pageant’s social, animal welfare and environmental issues. organiser, lawyer Sylvie Tellier, Project details can be found at springprize.org. who won the title in 2002. 2 cosmetics business 23 January 2017 Copyright © 2017 HPCiMedia. This publication may not be distributed without prior permission. BUSINESS MICRODERMABRASION RISKS EXAMINED NEWS IN BRIEF he risk of transmission of blood- CERAVE SKINCARE borne viruses such as HIV, hepatitis recently created National T B and hepatitis C from needle Winter Skin Relief Day – microdermabrasion is being investigated officially listed on the US by Public Health England (PHE). National Day Calendar on 8 The investigation was prompted after a January. The day is designed series of injuries were reported between to educate consumers about March and May last year in beauty salons the importance of skin in the North West. protection during the cold winter months. CeraVe was Three salon therapists experienced promoting its Healing needlestick injuries while performing Ointment as part of the needle microdermabrasion – a popular campaign. The brand was skin exfoliation treatment that requires acquired by L’Oréal from the use of a handheld needling device to Valeant as part of a $1.3bn prick the skin. deal announced earlier When the skin is pricked it can result in this month. bleeding, putting the therapist and customer at have a needlestick injuries policy in place in your risk of viruses and infections spread through business – this is to safeguard yourself and also blood and bodily fluids. that of your patients and customers.” The three salon therapists were injured using PHE is working with environmental health the same microdermabrasion needling device and officers and the manufacturer of the device in later tested negative for blood borne viruses. question on design changes. The organisations Antonia Mariconda, Safety in Beauty Campaign also plan to support improved infection control Founder, told Cosmetics Business: “It’s essential to guidance for microdermabrasion providers.