The ethnic category is perhaps now undergoing the most seismic changes it has experienced in the past 20 years. The opportunity to better serve multicultural consumers has retailers brimming with excitement, but perplexed at the same time.
Drug store retailers sense a shift in skin care. While for many years they enjoyed the glowing results of anti-aging, that segment has plateaued. Instead, they are looking to growth from cleansers and therapeutic offers.
Altruism and sustainable profits aren’t always concepts you’ll find in the same sentence, but don’t tell that to Dave Simnick, CEO of SoapBox Soaps, who created the company in 2010 to do precisely that — to help people in need around the world while at the same time building a leading CPG brand, and attaching meaningful purpose to a commoditized category — soap.
Headquartered in New York, Snow Phipps has overseen the deployment of over $1.7 billion of private equity capital and co-investments in 17 platform investments and over 25 add-on acquisitions since inception.
Galderma, the makers of Cetaphil, is unveiling a limited-edition product display in partnership with the Children's Skin Disease Foundation (CSDF) and Camp Wonder, an initiative of the CSDF at 1,500 CVS stores.
Popular beauty-box company Birchbox is suspending its plans to open physical stores as the retailer tells The Wall Street Journal that an increase in competition and a chill in venture capital has left it short on cash. (The Wall Street Journal)
Shiseido has entered into an agreement with Alitcor Inc. to acquire its wholly-owned subsidiary, Gurwitch Products. The Gurwitch portfolio includes the ReVive and Laura Mercier beauty brands. (Bloomberg)