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As beauty deal hunting and deal activity has picked up in the world of Covid-19, it's also extended to an unlikely group of investors -- those previously centered on the food and beverage categories with little beauty-specific segment experience. "We identified the better-for-you food and beverage space as an emerging sector back in 2014 and now see huge potential in clean beauty and wellness brands," said Jordan Gaspar, managing partner and president of AF Ventures.
When 21-year-old Hunter College student Kenneth Pabon began looking for a fashion internship during his spring 2019 semester, he took a little bit of a different approach to finding his gig. Pabon did not use Hunter College’s career advising office or scour online job boards like LinkedIn, where he does have a profile, or Indeed. Instead, he Instagram direct-messaged two of his favorite fashion influencers, Sophie and Charlotte Bickley, sisters behind the website and social media accounts Yin 2My Yang.
Edgewell has decided to pursue a "standalone" playbook after the Federal Trade Commission's move to block the Harry’s acquisition last Monday, said Rod Little, Edgewell president and CEO. The company also said that Harry’s plans to sue its prospective partner, a case that Edgewell said has "no merit." A spokesperson for Harry's said the company has nothing to share on potential litigation at this time.
Shortly after Sephora announced it was upping its clean standards in July to include 50 free-from ingredients versus 13, Target revealed more details around its clean program this week. Though Target Clean also extends to the retailer's household essentials and baby departments and spans approximately 5,500 items across the entire assortment, its beauty and personal care is its largest and entails 4,000 products
Emilie Arel joined Casper in late 2019 as its president and chief commercial officer. She oversees all the disparate and growing parts of Casper's retail business. Arel spoke on the Modern Retail Podcast about what she's focused on during her tenure, as well as how the pandemic through everything into disarray. "I don't think we recognized how much people would invest in their home so quickly," she said. "We had no clue we'd still be sitting in our houses almost a year from then that was not on the horizon."
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