For a busy woman on the go and on a budget, stocking the medicine cabinet with a slew of expensive skincare products isn’t an option when she barely has time to brush her teeth at night—let alone perform a complex nightly skincare regime. Keeping this business-savvy lady in mind as their quintessential customer, husband-and-wife duo Amos and Jodi Lavian founded Dermelect Cosmeceuticals to trim excessive time and money from a great beauty routine.
Beauty standards continue to evolve and overturn the status quo, particularly in the United States, as it becomes increasingly multicultural. This reality was underscored during the recent Miss Minnesota USA beauty pageant.
Somali-American Halima Aden, a first-year student at St. Cloud State University, made it to the semifinals, competing in a hijab, and wearing a burkini for the bathing suit competition.
Aden was eventually superseded by Meredith Gould of Minneapolis, who took the crown. Gould will compete in the Miss USA pageant in 2017.
Cosmoprof Asia 2016 concluded with record numbers. The event, which took place mid-November, hosted a record-breaking 650 new companies, taking its total number of exhibitors to 2,698, from 49 countries. Of that number, 1,966 finished cosmetics companies exhibited in the Hong Kong Convention and Exhibition Centre, and 732 companies, from 19 countries, exhibited at the AsiaWorld-Expo for packaging ingredients and processing equipment.
Beauty retailers may want to gear up to support in-store mobile payments, as the value of mobile payment transactions is expected to exceed $314 billion in 2020, according to the latest eMarketer report, “US Mobile Payments Outlook: Strong Growth Forecast for Proximity, Peer-to-Peer Payments in 2017 and Beyond.” It’s brick-and-mortar retailers that are expected to see the highest growth in terms of proximity mobile payment transactions over the next few years.
Natural-beauty products manufacturer Pacifica Beauty has received a minority investment from consumer-focused growth equity fund Alliance Consumer Growth (ACG). The investment will help Pacifica continue its product innovation and distribution expansion.
“Brook and Billy and the Pacifica team have built a truly impressive brand,” said Julian Steinberg, managing partner at ACG. “ACG couldn’t be prouder to partner with Pacifica to help fuel the next stage of their growth story.”