Beauty News In Brief: Estee Lauder’s Biotech Deal; Morphe Becomes FORMA Brands; More
Morphe Holdings has taken a new name, strengthened its leadership team and announced two new brand additions to its growing, multi-category beauty portfolio. Meanwhile, Lauder is partnering with Atropos Therapeutics to discover senomodulators with potential anti-aging benefits, and Fragrance Creators Association again successfully prevents tariffs on essential oil imports from the EU.
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Essential oils no longer on list of products slated for EU tariff increases effective 18 October, a win for US fragrance industry facing uncertainty in tumultuous global trade climate. Fragrancy industry, like dietary supplement manufacturers, still face higher tariffs on imports from China as next round of hikes is scheduled to start 15 October.
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