Beauty Business News
I haven’t done one of these for ages – beauty world revs up and then goes quiet again, but there are one or two very interesting moves going on behind the scenes.
First of all, the Estee Lauder Group has bought the fragrance brand By Kilian. This comes after the group also recently purchased Le Labo and Frederic Malle – a very sure sign that niche fragrances are on the rise. However, I’d argue that they’re not niche anymore if they’ve been bought by a mega-brand.
The Hut Group has bought hair brand, Grow Gorgeous, and it’s not that long ago that the on-line retailer (owns Beautyexpert, Mankind, Look Fantastic amongs others) snapped up Mio.
If somehow you’ve missed the news about the Johnson & Johnson lawsuit, here it is in a nutshell. A Missouri court has ordered J&J to pay $72 million to the estate of a woman who used their baby powder. The woman died of ovarian cancer linked to the use of the products. This is an absolute shocker and as you might have guessed, there are further talc cases pended. I’d just have to suggest that if you do have talc, you throw it away today. According to Happi.com, baby powder sales in the US rose 6.21% to $105 million in 2015 – potentially, that’s a lot of court actions. If further actions result in similar pay outs, we could be kissing goodbye to baby powder altogether.
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