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Cellular Goods to launch skin care formulated with Willow CBG this fall Today, the UK-based cannabinoid consumer goods venture and Willow Biosciences out of Vancouver, Columbia, Canada, announced a multi-year supply deal.
Just last month Willow Biosciences presented data on the skin care benefits of its biotech CBG at the Society for Investigative Dermatology’s annual meeting. The company’s data shows that CBG inhibits UV light and cytokine release triggered by C. acnes as well as that the ingredient acts as an antimicrobial and has antioxidant properties, as Cosmetics Design reported.
Now Willow Biosciences has reached another milestone on the journey to commercializing their biotech beauty ingredient:
Nearly 1 year ago, Eastman introduced a new portfolio of beauty packaging materials made with a percentage of plastic that had gone through the company’s molecular recycling process. Now LVMH is putting a luxury lip product from Dior on the shelf in Eastman Cristal Renew.
Beauty ingredient manufacturer Vertellus to acquire IM Chemical Today, a definitive acquisition agreement was announced and, following regulatory approvals, the intermediates and specialty chemicals division of ESIM Chemicals will be part of the Vertellus business.
At the start of the year, Vertellus was itself acquired by Pritzker Private Capital, as Cosmetics Design reported. Now, as Thomas Chadwick, Principal at Pritzker Private Capital, tells the press
“The acquisition of IM Chemicals will expand Vertellus’ capabilities to deliver innovative specialty products and solutions to its customers.”
“IM Chemicals,” he says,
“is a strong fit with Vertellus’ strategy of using add-on acquisitions to accelerate growth in key markets, including health and beauty, coatings, specialty lubricants, as well as select food and crop protection markets.”
May 19th 2021 09:32
It’s been a long and difficult 18 months for the beauty industry, but with retail stores and salons re-opening in May, the focus is now on getting back to business, and engaging consumers whose habits might have changed during lockdown.
So, how is the industry responding, and what trends will we see drive beauty retail in the months ahead?
Integrating social elements into ecommerce
According to Accenture research, consumers are now four times more likely to purchase their make-up and personal care products online compared to pre-pandemic. This means that – despite an expected surge in demand for in-person beauty – brands are continuing to invest in online and omni-channel experiences to engage consumers.