Despite Coty’s profits not reaching expected results, the company has bought a controlling share in Kylie Cosmetics for a cool $600 million. Expect more new product development in the nail and skin care categories once the deal goes through completely early next year. I’m hearing stronger rumours about Coty owned Bourjois leaving the UK daily but nothing official yet.
Dt Jart+ has been bought by Estee Lauder Companies. Initial investment from ELC took place in 2015 and the brand has gone from strength to strength. This recent move sees ELC acquire the rest of Have & Be Ltd, the current owners of Dr Jart+.
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This story just runs and runs. In a nutshell, the claim by Olaplex that L’Oreal took their idea and replicated it via some questionable practice (or to correctly put it, ‘misappropriating trade secrets’ with an own-brand (Smartbond) using the same patented technology resulted in L’Oreal being ordered to pay almost $50m. L’Oreal subsequently appealed that and demanded that patents be invalidated. A UK court has refused the appeal so perhaps this is the end of this 3 year hair drama. Olaplex has just been bought by private equity firm Advent International – interesting because this firm has no recent beauty acquisitions and has a diverse portfolio ranging from Chinese mattresses to business software.
The marketing of menopause is about to go into overdrive with the launch of Kindra from P&G Ventures. It’s a range aimed at menopausal women and includes supplements and skin products plus products to tackle dryness. It’s such a fine line between taking advantage of a life stage and producing meaningful help and it’s yet to be seen which side of the line Kindra falls.
Boots going to private equity Rumours abound that the Boots Walgreen Alliance is set to be taken over by private equity firm, KKR. Walgreens has a debt of $17bn with a market value of approximately $56bn (according to the BBC) so if it takes place, it’s going to be one of the biggest deals of its kind in history.
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8 comments
What an appalling way to treat a Respected brand like Bourjois.
It deserves so much better.
I hope somebody comes to its rescue.
It is becoming increasingly difficult to purchase, on the high street. I’ve stocked up, whenever I’ve found it, just in case.
Thanks Jane.
I will be very disappointed but not surprised if Bourjois leaves the UK market. As per previous posts and comments it’s very obvious nothing is being done with the brand. All the more reason to head to France and stock up there. The French website Bourjois.fr has an absolutely gorgeous giant “little round pot” style Advent calendar on it which isn’t available here.. sigh! Maybe they will offer overseas delivery in the future. Superdrug confirmed they got rid of it to make way for NYX and the Boots offering is underwhelming. Ah well. And I really couldn’t care less about Kylie! Well done Olaplex too. Great informative post as ever Jane xxx
I can only echo the sentiments above. To me Bourjois is one of the best quality drug store brands. I absolutely love their matt lipsticks, little round pots and bronzer. What a shame, time to stock up I guess. Thanks Jane.
I don’t understand why businesses by brands for a lot of money and just run them into the ground. Is it for distribution chains, product formulas or just bad management?
Some of it is incompetence, some of it is buying out the competition then killing it, some of it is for formulas – very often I notice that there are a
handful of great people who believe in the brand and go above and beyond for it to do well while senior management decision making undermines all they do. Such a shame.
Such a shame! Been using Bourjois since my teenage years and one of best affordable brands. Hope someone will buy it and that it will stay in the UK
I really hope bourjois doesn’t leave the uk , their formulas are so lovely. Most products I love from them are constant repurchases / all time favourites . I reckon the problem is lack of shade range in their foundations / concealer ( it’s better but still crazy small compared to other drugstore brands ) and also their lack of presence in USA which means it doesn’t get talked about often enough online .
So sad about Bourjois. It has such a history in cosmetics and in the lives of many. I guess nowadays it is all about the beauty gurus and their drama that sells a line. Bourjois is a quiet line but it has a personality. I hope someone who appreciates this saves the line.
As for Olaplex, I wonder if they will come out with their own haircolour line now that they have the means for it.