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In Review, December 2024: Headline highlights from L'Oréal, Tangle Teaser, The Body Shop and more...

Sophie Smith
31 December 2024

From festive shopping, new store openings and pop-ups to senior leadership appointments, trends, and more, it's certainly been another busy month for the beauty industry.

Here's a round-up featuring December's big beauty headlines from brands and retailers including L'Oréal, The Body Shop, Charlotte Tilbury, and more, as well as the top features content from TheIndustry.beauty.

February The Body Shop

The Body Shop returns to profit under new ownership

The Body Shop delivered a profit under its new ownership, after being rescued from administration three months ago. CEO Charles Denton said the business was "back for good" after making a £2 million profit during its first 100 days under its new ownership. Sales hit £28 million over the same period.

Puig extends strategic partnership with Charlotte Tilbury after sales triple

Puig extended its investment in Charlotte Tilbury until the end of 2030. Under the terms of the renewed agreement, Charlotte Tilbury MBE will retain a minority stake, with Puig "to progressively assume full ownership until the beginning of 2031". Together with Puig, Tilbury will continue playing an "active role" in driving the brand’s long-term success.

L'Oréal acquires Korean skincare brand Dr.G

L'Oréal signed an agreement with Swiss retail group Migros to acquire its subsidiary Gowoonsesang Cosmetics, including Korean skincare brand Dr.G. Following the acquisition, Dr.G will become part of the company's consumer products division and is positioned to "meet the rising demand" for K-beauty and scientifically developed, effective yet affordable skincare solutions.

Sephora to create the 'future of beauty' with 2025 Accelerate programme

Sephora revealed the names of eight BIPOC (Black, Indigenous and People of Colour) brands selected for its 2025 Accelerate programme. The initiative nurtures and propels emerging beauty brands, such as its alumni Inde Wilde. This year marks a decade of the programme, which continues to be a "vital launchpad" for BIPOC businesses.

Massimiliano Torti brings personalised perfumery to London with first UK store

Massimiliano Torti, the Italian perfumer who pioneered personalising signature scents by layering fragrances, landed in London for the first time in 30 years with a new perfumery in Soho. The brand opened at 57 Brewer Street on 16 December. Here shoppers can create personalised scents designed to be layered, choosing from 300 fragrances and 200 bodycare treasures.

Klira secures ‘significant investment’ to drive global growth

After achieving 322% growth in 2024, bespoke skincare brand Klira successfully closed a significant investment round to accelerate its growth in the UK and internationally. Klira is a direct-to-consumer brand that was founded by Consultant Dermatologist Dr. Emma Craythorne in 2022. The brand’s flagship product, The Klira Special, is crafted with up to 11 personalised ingredients tailored to each individual’s unique needs.

The Fragrance Shop breaks Guinness World Record with its 'Fragrance Wall'

It's official... not only is The Fragrance Shop an olfactory haven, but it's also now a Guinness World Record holder. The retailer marked its 30th anniversary with an record-breaking installation showcasing 3,000 fragrances at its headquarters in Manchester. The Fragrance Wall broke the previous record for 'the largest display of perfumes', achieved by Abdul Samad Al Qurashi Smart Museum for Perfume in 2021. In fact, it beat the record by 194%.

Charlotte Tilbury to open biggest ever store with new 'Skin Spa' concept

Charlotte Tilbury is opening a new flagship in London's Covent Garden next month, marking its biggest-ever store and the debut of its first-ever Skin Spa. Opening its doors on 9 January 2025, the new store promises a "fully immersive Charlotte Tilbury experience like never before", showcasing the brand's full range of makeup, skincare and fragrance, as well as new services.

Tangle Teezer

Tangle Teezer acquired by BIC to 'accelerate next phase of growth'

British haircare brand Tangle Teezer was acquired by French stationery, lighters and razor company BIC in a €200 million deal. With more than €70 million of estimated net sales in 2024, Tangle Teezer has doubled its size over the last four years, demonstrating its ability to "establish leadership and build market share successfully in a highly fragmented hairbrush market".

Collapsed cosmetic chains Sk:n and The Harley Medical Group acquired by Lorena Cosmetics

Cosmetic surgery chains Sk:n and The Harley Medical Group were acquired and relaunched by Lorena Cosmetics Holdings SPV, following their collapse earlier this year. The new acquisition is part of a broader strategic consolidation that also includes The Skin Experts and ABC Medical, which now join ophthalmology providers Optical Express under the Lorena Investments group portfolio.

The Inkey List announces new pop-up featuring 'world's first hydrating billboard'

British skincare brand The Inkey List launched a new pop-up billboard, featuring a "world-first" immersive experience to celebrate its latest campaign. The activation took place at the junction of Quaker Street and Braithwaite Street in Shoreditch on 9 December.

Swarovski to enter beauty market under new long-term agreement with Coty

Coty signed a new long-term licensing agreement to develop, produce, and distribute a "new vision of fragrances" with world-renowned crystal house Swarovski. The agreement reflects a mutual focus on creativity and innovation, whilst reinforcing Coty’s reputation as the "go-to" partner for brands looking to create or elevate their beauty portfolios.

Clinique

Clinique celebrates viral Black Honey range with festive pop-up

Clinique opened a two-day pop-up in London, celebrating the brand's viral Black Honey range. The activation showcased the brand's Lip & Cheek Oil, as well as its wider Black Honey collection in an "immersive, festive setting".

TikTok Shop celebrates record-breaking Black Friday

TikTok Shop achieved record-breaking sales this Black Friday, marking its biggest-ever UK sales event to date. The platform delivered 179% year-on-year growth in revenue during the Black Friday period (25th November - 2nd December).

Pleasing teams up with JW Anderson on one of the 'most special collaborations to date'

Pleasing, the apparel and cosmetics label founded by Harry Styles, and JW Anderson, the British-based luxury fashion brand, teamed up on a collection full to the brim of "colour, joy, excitement, and sensory experiences". Styles and Anderson have been long-time collaborators and supporters of one another. So, it was about time the two joined forces on a collaborative collection. The Pleasing x JW Anderson capsule collection comprises apparel, accessories and nail polishes.

VIOLETTE_FR secures Series B funding to fuel global expansion

VIOLETTE_FR, the multi-category clean beauty brand from makeup artist Violette Serrat, raised funds to fuel its next phase of global growth in a Series B round led by Silas Capital. Established by French-born, New York-based Serrat in 2021, VIOLETTE_FR spans both skincare and cosmetics, with heroes in the range including the £44 'Boum-Boum Milk' skincare spray and the £30 'Bisou Balm' sheer matte lipstick.

Tropic Skincare and Revieve

Tropic Skincare bolsters online experience with new personalised skincare service

UK-based brand Tropic Skincare launched a new online skincare analysis in collaboration with beauty tech platform Revieve, offering personalised, AI-powered recommendations. The new 'AI Skincare Quiz' experience integrates Revieve's Digital Skincare Advisor, described as "a powerful AI-driven self-diagnostic experience that offers personalized skincare guidance".

New plant-powered skincare brand DaisyFace debuts

A new plant-powered skincare brand that combines the power of Daisy Stem Cells with multi-tasking formulations launched for the first time. One of triplets, founder Daisy Schaffer became convinced that one simple, multi-tasking routine could suit them all (and their different skin types), leading to the creation of a simple, plant-powered range that combines her love of skincare with her passion for sustainability.

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