When Lancôme selected Kenyan Oscar winner Lupita Nyong'o as its new ambassadress earlier this year, the company hit on several beauty industry trends: the revival of a more natural beauty, a celebration of bright colours and joie de vivre, and an acknowledgement that women of all shades and colours exist.
Africa rising: Luxury retail and production
Globally, the African beauty market is gaining prominence. According to new market research by Mintel, the African-American hair care market will reach US$774m in 2014
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Fragrance
Perfumer Jo Malone breaks silence around Estée Lauder Companies’ trademark legal action
Read morePerfumer Jo Malone posted an Instagram Reel on 8 April providing her thoughts on ELC filing for trademark infringement, passing off, and breach of contract against her in the UK High Court in March
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Finance
Estée Lauder Companies and Puig founding families rumoured to meet ahead of potential merger
The two beauty giants’ founding families are allegedly set to meet to discuss the terms of a potential merger, which, if completed, would value the combined ELC and Puig business at around US $40billion
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Manufacturing
How the Middle East conflict is impacting the beauty industry
As the ongoing conflict continues to destabilise parts of the Middle East, writer Julia Wray explores how the beauty industry has been affected, how companies are navigating the war and the long-term impact of the conflict on the sector
Colour Cosmetics
Estée Lauder Companies hails ‘milestone’ moment in restructuring efforts
The beauty giant’s ‘Profit Recovery and Growth Plan’ (PRGP) has reached an ‘important milestone’, with the programme on track to deliver annual savings at ‘the high-end’ of its target range of between $0.8 billion to $1 billion
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Finance
Analysis: Are we entering a new era of beauty megacorporations?
From L’Oréal acquiring Kering’s entire beauty division, to the potential merger between Estée Lauder Companies and Puig, are we entering a new era of beauty megacorporations? And is this concentration of beauty giants good or bad?
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