On January 26, U.S. makeup brand Pat McGrath Labs filed for Chapter 11 bankruptcy protection under the U.S. Bankruptcy Code.
Beauty
Stay updated with the latest global Beauty news on Oui Speak Fashion (OSF). Informative insights for the Beauty-savvy audience.
On January 20, Sephora, a global leader in prestige beauty retail, and CJ Olive Young, Korea’s leading beauty and health retailer, announced a strategic partnership to bring cutting-edge and highly sought-after K-beauty to consumers worldwide.
On January 6, Emporio Armani announced the appointment of model and entrepreneur Kendall Jenner as its Global Fragrance Ambassador.
On January 5, beauty brand Rare Beauty, founded by actress and artist Selena Gomez, announced that it will begin selling its products at more than 1,500 Ulta Beauty stores across the United States as well as on the retailer’s official e-commerce platform, Ulta.com.
On December 22, French luxury maison Dior announced the appointment of Anya Taylor-Joy, Jisoo, and Willow Smith as new ambassadors for its fragrance line.
Pat McGrath Labs, the cosmetics brand founded in 2015 by British makeup artist Dame Pat McGrath, has entered a restructuring process that includes a potential sale of its assets, according to industry sources.
December 16, U.S.-based skincare brand YSE Beauty has announced that it has raised $15 million in a Series A funding round.
Asian beauty–focused retailer SUKOSHI has unveiled an ambitious expansion plan for the U.S. market, aiming to operate more than 40 stores nationwide by the end of 2026.
NARS Cosmetics, the Shiseido-owned makeup brand, has announced American model and actress Kaia Gerber as its new Global Brand Ambassador.
On December 14, U.S. cosmetics brand M·A·C announced the appointment of Ella Gross, a Korean-American singer and member of the global girl group MEOVV, as its new global ambassador.