A new beauty industry report has projected the global vegan cosmetics market will reach $20.8 billion by 2025, propelled by millennials. Brands already active in the space include Urban Decay, Arbonne, and Pacifica.
UK beauty chain Superdrug is riding high on the back of its Love Island sponsorship with full-year profits and sales both rising and the company seeing continued growth momentum in important product categories.
A recent study commissioned by AI-driven marketing firm Automat has revealed a beauty industry ripe for the deployment of virtual advisors, with consumers keen for guidance but reluctant to engage with in-store staff.
Glossier's founder and CEO Emily Weiss has named Stitch Fix CEO Katrina Lake as Glossier's first independent board member, an addition that stokes rumors of a possible future IPO for the millennial-favorite beauty brand.