SEP 11-12, 2024

2024 Beauty Insights- 4th Edition

In June, Retail Beauty disclosed that Crescent Capital Partners, the prominent Australian private equity firm, had placed Nude By Nature on the market after a decade of exclusive ownership. The brand has now been successfully sold, thanks to Dennis Bastas injecting a substantial $60 million into the acquisition of not one, but two standout beauty brands – Nude By Nature and Makeup Cartel.

Haleon plc has reached a binding agreement to sell the iconic ChapStick brand to Suave Brands Company in a strategic move aimed at strengthening its financial position.The transaction, valued at approximately $US430 million in pre-tax cash proceeds, also includes a passive minority interest in Suave Brands Company valued at US$80 million.

FREDA released 2023 performance estimate: It is expected to achieve net profit attributable to shareholders of listed companies of 260 million yuan to 290 million yuan, an increase of 472% to 538%.

Procter & Gamble announces second Quarter Financial Results for fiscal 2024: Net sales of $21.4 billion, up 3% year-over-year. P&G kept its guidance for total sales growth in the 2% to 4% range for fiscal 2024.

Swiss flavor and fragrance company Givaudan announced 2023 annual financial results: 2023 sales of 6.915 billion Swiss francs, an increase of 4.1%; The perfumes and beauty division reported annual sales of 3.312 billion Swiss francs in 2023, of which sales of high-end perfumes increased by 14.0% year-on-year.

Perfume manufacturer Inter Parfums reports results for the fourth quarter and year ended December 31, 2023: Fourth quarter net sales of $329 million, up 6%; In 2023, the company’s overall net sales were $1.32 billion, an increase of 21%.

Roc Skincare, the anti-aging beauty brand known for its retinol products, has been acquired by UK-listed investment company Bridgepoint in a deal valued at $500 million.

According to the statistics of China’s General Administration of Customs, in 2023, North Korea’s exports of false eyelashes, wigs and other hair products to China reached 1.177 billion yuan, accounting for 57% of North Korea’s total exports to China in 2023 (2.058 billion yuan), becoming the main commodity for North Korea’s foreign exchange.

Global luxury titan Kering – the group behind Gucci, Saint Laurent, Balenciaga and Alexander McQueen, among others – closed its acquisition of luxury fragrance house Creed; a deal considered significant in both fashion and beauty because of its scale and the price-tag attached.

The German group – Cosnova specialising in low-priced make-up recorded a 32% overall growth compared to 2022 and a sales surge of over 30% for the second consecutive year. Looking forward, the German group aims to join the top 5 global industry leaders.