physical beauty

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Selena Gomez’s Rare Beauty Hires Bankers

Selena Gomez’s Rare Beauty has been hired by investment banks Goldman Sachs and Raymond James, but don’t expect anything to happen anytime soon, according to sources.

The beauty brand is understood to be evaluating potential options for the business, but has not begun a formal process to explore deal options, sources say.

Industry sources also say that when it is ready, the company could explore an initial public offering as it is growing so fast.

Rare Beauty’s net sales in 2023 are understood to have come in at around $350 million.

The three-year-old brand has been a breakout success in

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by Elis•
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Sol de Janeiro continues to boost L’Occitane Group’s sales

L’Occitane International maintained its sales momentum in the nine months ending 31 December 2023, with net sales reaching EUR 1,915.3 million, representing 18.9% growth at reported rates and 24.8% growth at constant rates. The growth was mainly driven by the continued surge in sales of Sol de Janeiro, the decent performance of Elemis and the steady growth of L’Occitane en Provence in China.

In the three months ended 31 December 2023 (FY2024 Q3), net sales amounted to EUR 843.4 million, representing growth of 19.5% at reported rates and 24.6% at constant rates.


In terms of performance by brands, L’Occitane en

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by Elis•
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Beautystreams’ top beauty innovations in review 2023

Product Innovation: Crafting fragrance from extinct flowers

In October, beauty biotech firm Arcaea launched a ground-breaking and first-of-its kind fragrance brand, Future Society. The brand’s Scent Surrection Collection pushes the boundaries of scent crafting, as the brand launched six perfumes derived from the sequenced DNA of exotic flowers, giving users a unique opportunity to revel in lost floral scents. Renowned perfumers like Jérome Epinette (Robertet), Daniela Andrier (Givaudan), and Olivia Jan (Givaudan) played a pivotal role in this unprecedented project.

Arcaea, whose name comes from the root “ancient” and “to lead the way,” acknowledges that “to go forward, we must

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by Elis•