Honest Beauty Now In More Sustainable Packaging Following IPO, Q1 Growth
The Los Angeles-based clean beauty pioneer heralded the environmentally friendly relaunch during its June discussion of fiscal 2021 first-quarter results, which included 42% growth in its Skin and Personal Care division.
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Jessica Alba’s baby has grown into a US personal-care and home-goods market where natural, clean and ethical positioning has become commonplace. Investors will be watching to see if Honest can overcome challenges noted in its IPO prospectus, including competitive pressures, limited retail shelf space, and obstacles to international expansion.
Sequential Skin, whose genetic and microbiome home test kit sells for $149, raised $1.65m in a seed round announced on 11 October. The UK/Singapore biotech will use the funds to roll out the kit in the US while extending its B2B offering to skin care, hair care and health care companies for clinical trial and product validation purposes.
At NAD 2021, Adam Waheed, an award-winning content creator with more than 17m social media followers, addressed challenges and legal risks that have escalated in recent years as influencer marketing opportunity exploded in the US and abroad.