On March 21, SKIMS officially announced the acquisition of the majority stake in SKKN by Kim held by Kardashian, as well as the 20% minority stake previously owned by global beauty giant Coty Inc.
Beauty
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On March 13, U.S. beauty retail giant Ulta Beauty announced its financial results for fiscal year 2024, outlining plans to accelerate business reforms in response to slowing sales growth.
On February 27, L’Oréal Groupe announced the official opening of its North America Research & Innovation (R&I) Center in Clark, New Jersey, following a $160 million investment.
In fall 2025, Louis Vuitton will unveil ‘La Beauté Louis Vuitton’, a new addition to its beauty category.
On February 27, Spanish luxury fragrance and fashion company Puig announced its full-year financial results for 2024, reporting total revenue of €4.79 billion.
On February 24, U.S. beauty retail giant Ulta Beauty announced the appointment of Kelly Mahoney as its new Chief Marketing Officer (CMO).
Kylie Cosmetics, led by Kylie Jenner, has announced the launch of its latest fragrance, “Cosmic 2.0.”
On February 7, L’Oréal Groupe announced the signing of a long-term and exclusive beauty partnership with Jacquemus, a fashion brand originating from southern France.
On February 6, cosnova Beauty, the Germany-based company behind essence and Catrice, announced that its 2024 revenue has surpassed $1 billion.
On February 4, Korean beauty retail giant Olive Young announced the establishment of its U.S. subsidiary, CJ Olive Young USA, in Los Angeles, California.