On July 5, Goop, the wellness brand founded by actress Gwyneth Paltrow, opened a new store in Marin, California. This brings the company’s total number of physical stores to six.
Beauty
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On July 4, Shiseido, Japan’s leading beauty brand, and Max Mara, the Italian luxury fashion house, reached an agreement for a long-term partnership in the fragrance business.
Foile Skincare, a clean beauty brand from Australia, recently partnered with U.S. luxury e-commerce retailer Moda Operandi to expand into the United States.
Virtue Labs, a biotech haircare brand, recently announced that it has signed a distribution agreement with Ulta Beauty, a leading U.S. beauty retailer.
California-based beauty brand e.l.f. Beauty, Inc. announced on May 22 that its annual sales have surpassed $1.02 billion, up 77% from the previous year.
Dior has recently appointed actress and model Charlize Theron as an ambassador for the house’s skincare and jewelry lines.
On May 7, Coty, the beauty conglomerate creating luxury brand fragrances, announced a new licensing agreement with Lena Gercke, a well-known German TV host, model, and entrepreneur.
On April 18, Beautycounter, a well-known clean beauty brand, was bought back by founder and CEO Gregg Renfrew.
KIKI World, a Los Angeles-based company that sells beauty products such as temporary hair paint and a liquid makeup pen, recently raised $7 million in funding from investors including New Incubation Ventures (NIV), the investment arm of Estee Lauder Inc.
Swedish fashion brand Acne Studios will launch its “first” fragrance since it was founded in 1996 on Wednesday, April 17.