Weekly Roundup: Indy Officinalis new global influencer partner for Origins, Cleo+Coco raise US$1M
12 Nov 2021 --- This week in industry news, Cleo+Coco raised US$1 million in funding. Coty announced improved financial results for the first quarter of fiscal year 2022. Origins signed Indy Officinalis, a sustainability activist and urban farmer, as their new Global Influencer Partner. Wellness retailer Holland & Barrett won an award in the “Beauty & Wellbeing” category of the 2021 Superbrands awards.
Business news
Clean deodorant start-up Cleo+Coco’s new US$1 million in funding will support the launch of formulated clean products. It will also further the company’s environmental sustainability efforts and elevate the brand from indie to mainstream status. Cleo+Coco are promoting the shift from conventional deodorants to aluminium, paraben- and phthalate-free. With the deodorant space estimated at US$75 billion, brands that merge the benefits of clean beauty and personal care will dominate the market in the coming five years.
In Q1 of fiscal year 2022, ending September 30, 2021, Coty’s revenues increased 22%, surpassing guidance of high-teens Like for like (LFL) growth, with a combination of strong brick and mortar growth and 23% growth in e-commerce. Coty’s Prestige business delivered 35% reported and 34% LFL growth in the quarter, despite a low single-digit negative impact from the continued reduction of sales in low quality channels. Prestige fragrance sales increased strongly across nearly all brands, with particularly strong performance from Gucci, Burberry, Hugo Boss, Marc Jacobs, Calvin Klein, and Chloe.
Arcade Beauty launched a new division called Arcade Beauty Retail to provide end-to-end services to the beauty and retail segments that feature formulation, manufacturing, packaging and marketing. The division offers turn-key solutions to customers while focusing on eco-friendly, innovative packaging and delivery systems, sustainable materials and responsible sourcing, as part of the company’s Corporate Social Responsibility strategy.
Indy Officinalis, is the new Global Influencer Partner for Origins.
Moves in makeup
Origins, a specialist in active naturally-derived skincare, signed Indy Officinalis, a sustainability activist and urban farmer, as its new Global Influencer Partner. Indy, based in Los Angeles, will support the work of Origins Green the Planet, which helps restore global ecosystems and support environmental justice organizations worldwide. She will also appear in campaign visuals while developing engaging and educational social media content for Origins best-selling franchises such as Mega Mushroom and GinZing.
Maypharm launched a new PLA meNnus, a product range that combines mesotherapy and biotechnology that delivers collagen regeneration for up to 24 months. The effect comes from ingredients, Poly D, L-lactic Acid (PLA) and is maintained with carboxymethyl cellulose (CMC). CMC gel immediately fills the dermis with insufficient volume, providing PLA new cells to create more collagen.
Meredith Corporation's Shape launched the third edition of its Beauty Lab Box, a collection of 18 beauty products to simplify and keep up with an active lifestyle. The box, which is ready for sale in the holiday season, includes skin care and luxe make-up brands such as Nature Made, BosleyMD and Mother Dirt.
E.S.I Novel, a next generation medical aesthetics company, will showcase the JÓLI360 Plus next-generation acne and skin rejuvenation treatment system at the upcoming Medica Forum. JÓLI360 Plus is the latest iteration of the JÓLI360 facial rejuvenation platform. The device enables cosmeticians and dermatologists to provide a range of advanced acne and anti-aging treatments. Advanced treatment applicators administer Low-Level Laser Therapy, Radio Frequency and Electroporation treatments, along with custom formulated anti-aging and anti-acne serums.
Awards & recognition
Wellness retailer Holland & Barrett has won an award in the retail category “Beauty & Wellbeing” at the 2021 Superbrands awards. The company has been recognized by a panel of 2,500 consumers and an expert council of 38 senior industry figures for its quality, reliability and distinction in the category of “Retail – Beauty & Wellbeing.” Participation in Superbrands is by invitation only and offered to the most outstanding brands in their field.
Amorepacific was named CES 2022 Innovation Award Honoree for two of its personalized beauty technologies, Mind-linked Bathbot and Myskin Recovery Platform. This is the third consecutive year for which Amorepacific has received the CES Innovation Award. Mind-linked Bathbot analyzes human emotions through brain wave signals and makes a bath bomb with the color and fragrance selected. Myskin Recovery Platform allows users to measure the skin condition daily, presents the personalized solution and monitors the skin's improvements.
By Inga de Jong
