Net sales for the fourth quarter increased 18.2% to $3.2 billion, compared to $2.7 billion in fiscal year 2021. Annual net sales increased 18.3% to $10.2 billion, compared to $8.6 billion in fiscal year 2021.

Loops, the 3-year-old hydrogel face mask brand, has made a name for itself as a buzzy celeb-loved brand. In Oct. 2020, Loops announced model Emily Ratajkowski as its partner and creative director. Then, in July 2022, Loops appointed “Riverdale” actress Camila Mendes as its partner and creative director.

On the heels of the recent appointment of Raffaella Cornaggia as CEO of Kering Group’s new beauty division in February, LVMH is also reshuffling its beauty C-Suite.

In the U.S. alone, the $48.4 billion functional beverage market is forecasted to grow 6.6% every year through 2025, according to Euromonitor. Functional beverages marketed with supposed health benefits have also risen in prominence. Category sales increased by nearly 16% between Nov. 2020 and Nov. 2021, according to data firm...

The exposure to new customer bases, ability to retain existing customers and overall brand equity opportunity led Sakara Life to refine and amplify its partnership program over the years. Sakara Life has partnered in the past with Dr. Barbara Sturm, RMS Beauty, W3ll People and Vintner's Daughter.

Augustinus Bader, founded in 2018, joins a host of other luxury brands like Dr. Barbara Sturm and Biologique Recherche in creating its own standalone boutique spas, a deviation from the usual hotel spa partnership favored by brands like La Mer, Guerlain and La Prairie.

This situation with Bath & Body Works does not exist in a vacuum, and retail may be particularly vulnerable as the sector is underperforming amid macro-economic conditions like inflation. Nordstrom was also caught in the fray in early February.

Net sales for the year increased 17.7% to $704.3 million compared to 2021. However, the fourth quarter saw net sales decline 21.5% to $130.7 million year-over-year. Olaplex maintains three sales channels: professional, specialty retail and DTC e-commerce.

Nearly four years ago, the health and hygiene conglomerate Reckitt spotted an opportunity to help establish the next generation of consumer brands through its own corporate venture capital arm called Access. Since its launch, Access VC has invested in sexual wellness brand Maude and men’s wellness brand Asystem, to name...