German value beauty conglomerate Cosnova breaks $1 billion in yearly sales, expands US footprint Cosnova, the German beauty conglomerate behind value makeup brands Essence and Catrice, announced Thursday it had surpassed the $1 billion yearly sales threshold in 2024. It began targeting this sales goal last year amid U.S. expansion. Essence’s best-selling Lash Princess Mascara sells for $4.99 DTC and through Amazon, Target and...
Beauty Debrief: Listen in for a rundown of 2025’s most important beauty business trends Glossy+ members can listen in on a consultative rundown by Glossy’s beauty reporting team on the latest need-to-know beauty business trends. This includes shifts in social media marketing; the future of live shopping and social commerce; and insights into ways brick-and-mortar and digital retail are expected to evolve in 2025. A...
Beauty & Wellness Briefing: What L’Oréal Group’s new partnership with IBM means for AI-powered product formulation This week, I checked in with IBM execs and market analysts to learn about the industry-wide potential behind the new partnership between L'Oréal Group and tech juggernaut IBM. I also spoke with the founder of Silicon Valley start-up Potion AI, which is providing AI-powered formulation competition for smaller brands and...
Exclusive: Estée Lauder Companies partners with MIT to drive ingredient innovation across sun-care and biodegradable product formulations ELC’s new long-term partnership with Massachusetts Institute of Technology’s renowned Langer Lab will center around the advancement of biodegradable polymers primed to replace common personal-care ingredients found in cleansers, sun-care, cosmetics and more. The partnership will also focus on studying new solutions to help combat the effects of visible sunlight...
The US could see 15,000 brick-and-mortar store closures in 2025 U.S. store closures in 2025 could top 2024 numbers, according to new data released Thursday by Coresight market research.
Remedy Place’s Dr. Jonathan Leary: ‘Social self-care’ is the future of wellness As the owner of “the world’s first social wellness club,” Dr. Jonathan Leary is determined to change how self-care fits into our lives with his unique wellness studio concept. Remedy Place launched in 2019 and has three locations across L.A. and New York City, with a fourth opening in Boston...
Beauty & Wellness Briefing: Oral care continues stunning growth as disruptors fuel the beautification of the category This week, I checked in with oral care brands disrupting the $10.8 billion marketplace through innovative product and service offerings that more closely align with the beauty category than the old-school dental offerings of the past. This disruption also aligns with changing regulation of dyes used in oral care products,...
How the brand behind TikTok Shop’s top-selling product is diversifying its social strategy On its best sales day in 2024, Guru Nanda sold close to $1 million dollars worth of oral care products on TikTok Shop. Today, founder Puneet Nanda is bracing for the loss of the platform that amplified his longtime oral care brand onto millions of American’s bathrooms. Nanda sat down...
Female Founder Collective’s ‘NY Loves LA’ campaign raises $1.7 million for L.A. Fire Department in 1 week Thanks to a mix of cash donations and sales from the now-viral "NY Loves LA" T-shirt, FFC co-founders Rebecca Minkoff and Alison Koplar Wyatt have raised $1.7 million dollars since January 8. The group is also funneling funds into grants for female business owners who lost their livelihood in the...