Mass cosmetics sales on Amazon have reached an estimated $140 million this year, with Maybelline earning the title of top-selling cosmetics brand on the platform according to new data from Edge by Ascential.
The cosmetics giant has announced the launch of a new corporate venture capital fund dubbed ‘BOLD Business Opportunities for L'Oréal Development,' which will focus on taking minority stakes in innovative startups.
The B2B wholesale e-commerce platform announced on Wednesday that it has received $15 million in Series C financing, funds that the company said it will put toward accelerating product innovation and growing its team.
Beauty brands and manufacturers who fail to embrace the rising zero waste movement will struggle to exist in the future, as more consumers shift towards eco-friendly companies amid environmental concerns.
Beiersdorf , the maker of Nivea skin creams, is shaking up its top management team when new chief executive Stefan De Loecker takes over on Jan. 1, poaching managers from rivals Procter & Gamble and Reckitt Benckiser .