This article was originally published in The Rose Sheet
Rapper and “international superstar” Nicki Minaj, who just released her second consecutive No. 1 album, inks a fragrance deal with Give Back Brands, the marketer of last year’s smash Justin Bieber Someday scent. FDA issues guidance for nanotechnology in cosmetics. News in brief.
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Elizabeth Arden acquires the Justin Bieber fragrance franchise, including last year’s top-selling prestige launch Someday and the imminent Girlfriend follow-up, from Give Back Brands for an undisclosed sum. Rights to Nicki Minaj fragrances also change hands in the deal.
Despite a tough economy, U.S. fragrance sales are up in 2011 going into the critical holiday season, outpacing the overall beauty market for the first time in over a decade. Analysts at the Fragrance Foundation’s Nov. 17 State of the Industry event speculate on why.
As industry bellwether J&J kicked-off 2019 fourth-quarter and full-year earnings season for life sciences companies, its financial results left investors feeling the cold. But with coronavirus envy sweeping a raft of smaller biotech companies, J&J may have the last laugh.