L'Occitane Acquires Elemis for $900 Million

Reinold Geiger, Chairman and Chief Executive Officer of L’Occitane, said the acquisition is an important step forward in building a leading portfolio of premium beauty brands.

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Derek Lam Beauty License Acquired

The Premiere Group, a wholly-owned subsidiary of the Perfume Center of America Inc., has acquired the Derek Lam Beauty license, in a multi-year partnership that will see the creation of a premium line and expansion under the 10 Crosby Street Collection.

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P&G Acquires Multicultural Beauty Startup

The startup, Walker & Company, develops products and services tailored for people of color. P&G is looking to the merger to help it grow its multicultural business.

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Estée Lauder Posts 8% Q1 Sales Gains

Top growth drivers were skin care globally, the Asia/Pacific region and emerging markets, the global online and travel retail channels, and most brands, including Estée Lauder, M•A•C, La Mer, Tom Ford and Origins.

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Natural Brand Babo Botanicals Acquired

Laboratoires Expanscience, a family-owned French pharmaceutical and dermo-cosmetics company specializing in skin care, has acquired Babo Botanicals, the U.S.-based botanically-infused mineral skin care brand for babies and adults.

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NPD: Q2 U.S. Prestige Beauty Sales +6%

Skin care continues to outpace makeup, with the biggest driver for the segment remaining consumers’ interest in wellness, clean ingredients and natural brands.

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