Estee Lauder Companies Inc.
Latest From Estee Lauder Companies Inc.
Back in April, CEO Noel Wallace noted Colgate’s interest in further skin-care M&A during his first quarterly presentation at the firm’s helm. The Filorga purchase is significantly bigger than 2018 deals that whet Colgate’s appetite for high-growth, high-margin skin care and represents a gateway to the fast-growing travel retail channel.
The long-awaited launch of Jaclyn Cosmetics lipsticks in June could not have gone worse for beauty influencer Jaclyn Hill, who has since deactivated personal social-media accounts while publicly acknowledging quality (as opposed to safety) issues and offering full refunds to all purchasers. The backlash has implicated Hill’s alleged contract manufacturer and raised questions about the future of solo ventures from YouTube stars.
Despite current risks in an uncertain legal environment, the opportunity for CBD-infused cosmetics at a time of rocketing interest in all things cannabis is proving too great for many companies to resist.
Ken Marenus managed research programs at Mary Kay before serving 32 years at the Estee Lauder Companies, Inc. “Ken brings an unbeatable combination of extensive knowledge and a passion to encourage grassroots innovation and entrepreneurship across the beauty industry,” says ICMAD Chairman Sanjiv Mehra.
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