Cosmetics Business

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If Gen Z were not already viewed as the beauty industry’s generational equivalent of A-list celebrities, this latest data would swing the pendulum firmly in their favour. The so-called ‘TikTok generation’ are worth £2.3bn to the total beauty category in the UK, and sales among the under 24s are growing by 17% year over year – the fastest of any demographic, according to Kantar. Gen Z are driving beauty sales faster than any other demographic. But brands need to excel in multiple areas to win their dollar - read the report to find out how. Words: Jo Allen

Dolce & Gabbana (D&G) is on a mission to become the number-one luxury fashion house operating within the beauty sector, planning to grow the retail value of its Beauty Division from €1bn to €3bn (US$3.3bn) by 2026. This innovation strategy includes new female fragrance pillars, a debut into skin care and the launch of dedicated beauty spaces within existing retail boutiques. Since bringing its beauty business back in-house, D&G is on a mission to turn the division into a €3bn machine that spans fragrance, skin care and more. As its revamped make-up range launches, this is how the house is getting on.

Estée Lauder Companies (ELC) Executive VP and CFO Tracey Travis is retiring. Travis will step down on 30 June, 2025, after more than 12 years at the company. For the full story, visit Cosmetics Business.

David Beckham is hoping to score big in the consumer health and wellness category. The former England footballer and husband of Spice Girl turned beauty entrepreneur Victoria Beckham has invested in Prenetics, a Hong Kong-based health sciences company. For the full story, visit Cosmetics Business.

Register today so you don't miss out on NBR's upcoming webinar, titled 'Beauty from Within' The debut Roundtable from Cosmetics Business' sister publication Nutraceutical Business Review, will take place on 25 July 2024 with a panel of experts exploring 'Beauty from Within'. Speakers include Torsten Grothe from Mibelle Biochemistry, Douglas Jones from BioCell Technology, LLC and Ilona Gille from ACTIV'INSIDE. Attendees will gain innovative strategies on how to slow skin ageing, the benefits of dietary supplements for skin and joint health, and the clinical efficacy of hair revitalisers. Hurry, places are limited and will be served on a first come, first served basis. REGISTER: https://lnkd.in/eFfGSADa FIND OUT MORE: https://lnkd.in/ezXC9gRU

The sun care industry is entering its niche era, ditching a typical one-size-fits-all approach to SPF in favour of new-age product formats and marketing stunts aimed at specific consumer groups. From sunscreen created for specific skin needs to bespoke campaigns that target select sport communities, this is why brands like Glow Recipe, Sol de Janeiro E45, Shiseido, Innisfree Vietnam and La Roche-Posay USA are getting much more personalised. Find out more in the link below. Words: Amanda Pauley

Dyson, the vacuum cleaner maker turned hair care pioneer, is cutting 1,000 UK jobs as part of a global restructure. The news comes as Dyson moves to reduce its 14,000-strong workforce globally amid a wider cost-cutting drive. Read the full story in the link below. Words: Julia Wray

[SPONSORED POST] Dove, the UK’s number one body wash brand, has unveiled its best body wash range to date - Dove Advanced Care Body Wash. Over nine years in the making, Dove’s new Advanced Care Body Wash range harnesses the power of the brand’s new MicroMoisture Technology which provides consumers with 24 hour lotion soft skin and actively works to renew the skin’s moisture from within. To learn more, visit: https://lnkd.in/ePyUVb6P #PersonalCare #BodyWash #Dove Unilever

Unilever Ventures has invested a further US$4m in Indonesian make-up brand ESQA. The series B funding round was revealed in a filing with the Accounting and Corporate Regulatory Authority (ACRA), a Singaporean financial regulator. Click the link below to read the full article. Words: Alessandro Carrara