In July, Ritual became a B-Corp, signifying the company's focus on humanism over profit. On Tuesday, Ritual shared its latest goals and approaches to achieving them.
After launching a version of its customized hair-care products into Target in Dec. 2020, Function of Beauty is now taking a similar approach to the U.K. and Canadian markets with retail partners Cult Beauty and Shoppers Drug Mart.
With the additional capital, Adwoa Beauty will invest in new product development, increase hiring, and increase brand awareness and retail support.
Formerly owned by Johnson & Johnson and acquired by private equity firm Gryphon Investors in Jan. 2019, RoC Skincare has undergone a transformation as it attempts to reimagine itself for modern consumers.
Dubbed “Beauty&,” the idea is that beauty can be a powerful force for good instead of oppression. Beauty& kicked off on Tuesday across social media, as well as linear and OTT TV. It will run until the end of 2022 and possibly into 2023.
The conglomerate announced its eighth consecutive quarter of results, both in-line with and ahead of expectations. Fourth quarter sales increased by 10% year-over-year as reported and 16% on a like-for-like basis, to $1.17 billion, beating analysts' average estimate of $1.14 billion.
TikTok is evolving into an aesthetic incubator. "Coastal Grandma," "Night Luxe," "That Girl," and "Clean Girl" are prime examples. These aesthetics go beyond basic beauty trends like "glazed donut skin" or "Jello skin," and instead represent a lifestyle complete with beauty, fashion and even certain personality traits.
Launching into China in 2022 is no easy feat. Both economic and political pressures have made it increasingly challenging to successfully operate in the country, even for more prominent brands with bigger coffers.
Cavu started by investing in the better-for-you food and beverage space before making its first beauty investment in clean beauty brand Osea. Jenna Jackson, principal at Cavu, said this shift in investment strategy happened because the consumer has expanded their perception of healthy living.