Latest news with #TheBusinessofBeautyGlobalAwards
Business of Fashion
12-06-2025
- Business
- Business of Fashion
The Business of Beauty Global Forum 2025 Concludes with Farewell Celebration
NAPA VALLEY, California — After three days of transformative conversations and industry insights, the third edition of The Business of Beauty's Global Beauty Forum concluded with a farewell dinner. Hosted in partnership with L'Oréal Groupe, the evening celebrated The Business of Beauty Global Awards winners who were carefully selected by an esteemed jury including Imran Amed, BoF's founder and CEO, and Ali Goldstein, L'Oréal USA's president of mergers and acquisitions. Goldstein presented the Creative Execution Award in the Breakthrough Track to premium skincare label Akt London, founded by Ed Currie and Andy Coxon from the United Kingdom. The dinner served as both a celebration of these entrepreneurs' current achievements and a launch pad for the innovations that will chart beauty's next chapter, while providing an opportunity for guests to reflect together on learnings gleaned at the forum. Imran Amed, founder and CEO of The Business of Fashion, and Hailey Bieber, founder and creative director of Rhode. (Getty Images for The Business of Fashion) Those in attendance — from beauty industry leaders to retail executives and entrepreneurs — first gathered outside the Stanly Ranch Glasshouse, with its panoramic views overlooking the Napa Valley vineyards during golden hour. As guests took their seats for dinner, Amed and Goldstein delivered a toast reflecting on the remarkable achievements recognised by The Business of Beauty Global Awards. 'It has been so inspiring to hear our finalists' stories and learn about the challenges you have faced and the change you want to drive in the industry,' said Amed in his remarks. 'We are grateful to do these events alongside our partners, including L'Oréal, and over the past few days, we have worked together as part of the jury to deliberate on our winners.' Goldstein reinforced the collaborative spirit, adding: 'The spirit of L'Oréal is about identifying and supporting the beauty industry around the world, highlighting fantastic innovation, recognising great founders and great brands. This forum really brings that to light and we couldn't have been more excited to have been a part of it.' The award winners, selected from over 100 applicants from 17 countries and five continents, represented a diverse range of innovative companies and founders. The honorees were celebrated alongside an audience that included Hailey Bieber, Tracee Ellis Ross, Tarang Amin, Marc Terlet, Yasmin Sewell and Sydney Towle. Justine Skye, musical artist, and Joe Holder, founder of the Ocho System and wellness columnist at GQ. (Getty Images for The Business of Fashion) Hailey Bieber, founder and creative director of Rhode, and Tendai Moyo, co-founder and CEO of Ruka. (Getty Images for The Business of Fashion) From left to right: Robin Tsai, general partner at VMG Partners; Isamaya Ffrench, makeup artist and founder and creative director of Isamaya Beauty; Ali Goldstein, president of US mergers and acquisitions at L'Oréal Groupe; Priya Rao, executive editor at The Business of Fashion; Imran Amed, founder and CEO of The Business of Fashion; Marianna Hewitt, co-founder of Summer Fridays; and Carolyn Bojanowski, executive vice president of merchandising at Sephora. (Getty Images for The Business of Fashion) Melissa Butler, founder of The Lip Bar, and Christopher Skinner, chief revenue officer at Front Row. (Getty Images for The Business of Fashion) From left to right: Susan Yara, founder of Naturium; Charlotte Palermino, chief brand officer at Dieux; and Marianna Hewitt, co-founder of Summer Fridays. (Getty Images for The Business of Fashion ) Winners of The Business of Beauty Global Awards 2025, from left to right: Molly Sims, founder of YSE Beauty; Haisam Mohammed, founder of Unifrom; Kate Neal and Remi Paringaux, co-founders of Commune; Susanne Manasi, founder of Manasi 7; Tendai Moyo, co-founder and CEO of Ruka; and Andy Coxon and Ed Currie, co-founders of AKT London. (Getty Images for The Business of Fashion) Robin Tsai, general partner at VMG Partners, and Henry Davis, CEO of Sakara Life. (Getty Images for The Business of Fashion) Pilkyung Yoon Choi, CMO of Laneige, and Stella Kim, global director of merchandising at Sephora. (Getty Images for The Business of Fashion) This is a sponsored feature paid for by L'Oréal Groupe as part of a BoF partnership.
Business of Fashion
08-06-2025
- Business
- Business of Fashion
This Week: Are Tariff Price Hikes Finally Here?
What's Happening: On Wednesday, the US Bureau of Labor Statistics will release inflation data for May, the first inflation reading taken entirely after Trump's tariffs went into effect. In April, consumer prices rose 2.3 percent, just under the economists' consensus. Delayed Impact: Forecasters are calling for a mild uptick in prices, if that. Many fashion and beauty brands have announced price increases, often to be implemented on select products over the summer rather than right away. This gives consumers a bit of time to acclimate to their new, more expensive reality. And it builds in room to change course on the off chance Trump calls the whole trade war off in the meantime. Rock and a Hard Place: This strategic approach to price increases is savvy, but for many brands also borne out of a lack of options. After raising prices so much in the post-pandemic years, companies are worried they'll lose customers by hiking further, even if they have a good reason. Questioning Reality: Whether consumers believe prices are rising can have a big impact on inflation, so all those early warnings from brands may become a self-fulfilling prophecy even if Trump doesn't announce a single new tariff. There are also growing questions about the numbers themselves. Last week, economists raised questions in the financial press about whether inflation data could still be trusted, noting hiring freezes and layoffs had curtailed the government's ability to conduct its massive monthly survey of consumer prices. What to Expect at The Business of Beauty Global Forum 2025 What's Happening: On June 9 and 10, The Business of Beauty holds its third annual gathering in Napa Valley. A second class of entrepreneurs will also receive The Business of Beauty Global Awards. In the News: Speakers include Hailey Rhode Bieber, fresh off her $1 billion deal. Tracee Ellis Ross will share her observations on the needs of the Black and texturised hair community at a time when DEI is under siege. Global Perspective: Founders from international brands including Beauty of Joseon, Ultra Violette, Byoma and Nykaa will address challenges and opportunities in the global beauty market. Attorney Lindsay Toczylowski will speak on her efforts to help her client, Andry José Hernández Romero, the Venezuelan makeup artist currently detained in an El Salvador prison. See for Yourself: If you won't be in Napa Valley, catch these speakers and more on the livestream. The Week Ahead wants to hear from you! Send tips, suggestions, complaints and compliments to
Business of Fashion
30-05-2025
- Business
- Business of Fashion
What I'm Looking Forward to at The Business of Beauty Global Forum 2025
When I returned back from maternity leave in March, I was ready to hit the ground running on planning The Business of Beauty Global Forum, now in its third year. This Global Forum brings together some of the most interesting, dynamic and inspirational leaders from across our industry, and creates space for thought-provoking, insightful and often arresting conversations that simply don't, and couldn't happen anywhere else but with BoF and The Business of Beauty. Over the years, we've heard from the likes of Pamela Anderson, John Legend and Deepak Chopra, and executives based in Australia, Kenya and Korea. We've explored themes from brand-building and M&A to longevity and identity. Last year, we also debuted The Business of Beauty Global Awards. This year, we've doubled the size of the Awards, with six winners set to receive honours on our closing night. Our speaker line-up is just as exciting as ever. We'll begin with a first look at our hotly anticipated second edition of The State of Fashion: Beauty report, produced in partnership with McKinsey & Company and tease out the themes, challenges and opportunities all leaders will grapple with in the next five years. From there, it's a tour around the world, with insights from the UK's Andy Lightfoot of Space NK and India's Anchit Nayar of Nykaa, before we host an illuminating panel on why the world is looking to Mexico as beauty's next frontier. We'll also hear from Melissa Butler, the inspirational founder of The Lip Bar, and explore the vital role that immigrants and refugees play in our thriving industry. On the second day, we'll step Inside The Industry, and look at how executives are finding growth in a cooling market. Founders like Point of View Beauty's Mikayla Nogueira will give us an influencer masterclass on brand building and we'll then hear from the inimitable Tracee Ellis Ross about her community-focussed line, Pattern. In our final segment, we'll explore the power of the beauty and wellness industry as a connecting thread. Content creator Sydney Towle will share her experiences of facing an online smear campaign while battling cancer; Yasmin Sewell of Vyrao will talk about reinvention. And Hailey Bieber, founder and creative director of Rhode, one of the world's buzziest beauty brands, will speak to us exclusively about her brand and exit journey. She will then be joined by Tarang Amin to discuss what's next for the viral skin and makeup line. I hope you can join us via the global livestream. Sign up here to reserve your space. This year, access to The Business of Beauty Global Forum livestream is open to all. To watch the livestream, simply log in to your BoF account. New to BoF? Create your free account here.
Business of Fashion
15-05-2025
- Business
- Business of Fashion
Meet Our Finalists for The Business of Beauty Global Awards 2025
When we created The Business of Beauty Global Awards in 2024, we set out to identify a cohort of entrepreneurs from across the world who had unique potential, creativity and dynamism. We wanted to surface the next generation of founders who will shape our future industry, but may otherwise not receive the recognition they deserve, not because of any deficiencies in their businesses or lack of demand. Incredible founders often miss out on opportunities because they lack a foothold with investors, retailers, or other backers who could help take their business to the next level. Last year, we were thrilled to honour sustainable brand Conserving Beauty from Australia, skincare label D'You from India, and makeup line Fara Homidi of the US. Since then, all three have continued to flourish. This year's crop was filled with stories of perseverance, scrappiness and impressive growth. Over 100 applicants from across 17 countries and five continents had to be filtered into just 13 finalists. Those in our Emerging Track are start-up brands currently generating less than $2 million in annual revenue, and those in our Breakthrough Track are scaling brands generating up to $10 million in annual revenue. As always, our selection process had some spirited exchanges as we weighed funding against revenue generated, sampled products and explored innovative credentials, while continuing to ask which brands had the potential to change the global beauty industry and stand out. Today, we're so excited to share with you our 13 finalists. Emerging Track 19/99 Founders: Stephanie Spence and Camille Katona, Canada Launched in 2020, 19/99 Beauty is driven by the belief that beauty is self-defined — regardless of age. Co-founded by Camille Katona and Stephanie Spence, who have worked together in beauty for over 15 years, the brand speaks to a psychographic rather than a demographic. The duo started at Bite Beauty, as part of the founding team, and led the North American launch of Shanghai-based Red Earth. 19/99 Beauty delivers high-performance, multi-use products designed for individuals aged 19 to 99 — offering freedom, not rules. The bootstrapped brand has grown organically and is now available at prestige retailers including Space NK, Cult Beauty, Moda Operandi, The Detox Market, and Holt Renfrew. Lelive Founder: Amanda du-Pont, South Africa Lelive skincare was founded by Swazi-born Amanda du-Pont to showcase the quality and innovation of Africa to the world. After rapid growth in South Africa, the brand has launched in the UK, with features in Elle and British Vogue. Lelive blends the highest-quality African botanics with cutting-edge scientific actives for healthy, glowing skin. Facile Founder: Danielle Nadick Levy, United Status Facile co-founder and chief executive officer Danielle Nadick Levy is a business strategist, brand builder and beauty junkie. Working alongside Dr. Nancy Samolitis, the brand's dermatologist and co-founder, Nadick Levy used her business expertise to develop a clinical skincare line that blends simplicity and function. Her vision has always been clear — bring kind, affordable, and effective skincare to the masses. Commune Founder: Kate Neal and Rémi Paringaux, United Kingdom Commune is a self-care brand from Bruton, Somerset. Founded by husband-and-wife duo Rémi Paringaux and Kate Neal, Commune is a creative expression of their personal journeys — shaped by years spent working in luxury fashion houses including LVMH, Gucci, and Hermès. Commune launched in 2022 with a range of self-care products. Taking a perfumer's approach to soap formulation, each product is made with plant-based ingredients and natural oils without single-use plastic. With its unique bottle design, packaging is crafted from highly recyclable aluminium, complete with a bespoke-designed, reusable metal pump. Commune's products are sold at the brand's own retail and workshop space, and through retailers and hospitality partners around the world including Harrods, Liberty, Mecca, Estelle Manor, Ssense, The Newt in Somerset, and Remedy Place. Unifrom Founder: Haisam Mohammed, Sweden Haisam Mohammed founded Unifrom in Stockholm to shift the fragrance industry away from euro-centric standards and towards new narratives. He has worked in design-related fields, art directing for some of Sweden's most exciting fashion houses. Unifrom is rooted in Mohammed's personal story — shaped by movement, migration, and a perspective formed outside traditional beauty norms. Through scent, the brand channels these experiences and offers a new lens on what fragrance can be. Soshe Founder: Sahar Rohani, United States Sahar Rohani is the co-founder and chief executive of Soshe Beauty, an award-winning clean makeup brand redefining beauty through refillable packaging and high performance formulas. Raised in Laguna Beach in an Iranian-American family, Rohani studied Computational Neuroscience at USC, where she met her two co-founders and began her journey into beauty entrepreneurship. Inspired by her mother's iconic '90s makeup collection, but unable to find makeup that combined skin-friendly ingredients, conscious packaging, and elevated, inclusive shades, she launched Soshe. It has since gained recognition for its packaging and formula innovations, setting new standards for sustainable beauty. Manasi 7 Founder: Susanne Manasi, Sweden Manasi 7 is a Swedish beauty brand founded by an East Indian-born makeup artist. It blends Scandinavian minimalism with ancient Indian natural remedies to create timeless, multifunctional, microbiome-friendly makeup and skin care products for an effortless everyday routine. Combining the high performance of conventional beauty with the healing power of natural, fermented, biotech, wild-harvested, waterless and certified organic ingredients, Manasi offers effective, sustainably produced beauty products that cater to a wide range of skin tones. The collection is available at select global retailers, including Printemps NYC and Fwrd in the US, Content Beauty in the UK, Galilu in Poland, and Rennai in Canada. BREAKTHROUGH TRACK ESW Beauty Founder: Elina Sofia Wang, United States ESW Beauty is founded by Elina Sofia Wang, who after struggling with stomach ulcers for many years decided to start a cleaner lifestyle. By changing how she approached her food choices, she also began to transition her beauty vanity to clean skincare products. She decided to launch her own brand in 2019. She has released collections inspired by healthy drinks from raw juices and plant-based milk, including sheet masks and lip treatments. Since launching the brand, ESW Beauty has operated without relying on institutional funding and has built a near eight-figure product business. The brand can be found in more than 8,500 retail doors, including 1,200 Target stores, 4,500 Walgreens stores, Whole Foods Market, Barnes & Noble, Anthropologie, World Market, and more. Olfactory NYC Founder: JJ Vittoria, United States JJ Vittoria is the founder of Olfactory NYC, a direct-to-consumer fragrance brand redefining how people experience and purchase scent. He began his career in finance but was inspired to enter the fragrance industry after recognising a disconnect between the creativity of fragrance development and the mass-market retail experience. Early exposure to the behind-the-scenes world of perfumery, through an uncle who worked at a fine fragrance house, sparked Vittoria's interest in the industry. In 2017, Vittoria launched Olfactory NYC. By working directly with top perfumers and offering a customisable product experience, the brand delivers high-quality, unique fragrances in a modern, accessible way. Vittoria earned his MBA from Columbia Business School in 2021, where he focused on entrepreneurship and strategic brand building. Ruka Founders: Tendai Moyo, United Kingdom Moyo is an award-winning entrepreneur driven by the power of community and purpose-led innovation to create global impact. As the co-founder and chief executive of Ruka, she's on a mission to transform the hair extensions industry with a game-changing, patent-pending sustainable alternative to human hair, rooted in biomimicry and supply chain disruption. With a background in business, maths and statistics from LSE and experience consulting for major FMCG brands at Bain & Co, Tendai took the leap in 2020 to build her business. Since then, Ruka has opened the first-of-its-kind retail space at Selfridges, served customers with textured hair worldwide, and most recently launched an industry-shifting afro-hair education partnership with Got2B and Schwarzkopf Pro Academy. To fuel this mission, she's raised over £7 million ($9.2 million) in venture capital and grants. Yse Beauty Founder: Molly Sims, United States Molly Sims is an entrepreneur, actress, model, New York Times bestselling author, podcast host, philanthropist, and founder of Yse Beauty. In 2023, Sims launched Yse Beauty (pronounced 'wise'), a results-driven skincare brand created for women who want effective solutions without a complicated routine. Inspired by her own battle with hyperpigmentation, Sims created a streamlined regimen designed to deliver real results after two years of R&D. With clinically tested and thoughtfully formulated products, Yse quickly gained recognition with award-winning products including the Wide Awake Brightening Eye Cream and Skin Glow SPF 30 Primer. On screen, Sims is best known for NBC's Las Vegas and films 'Starsky & Hutch' and 'The Benchwarmers.' In 2021, Sims founded Something Happy Productions. She lives in Los Angeles with her husband and three children. Ciele Cosmetics Founder: Nikki DeRoest, United States Chief executive officer and co-founder of Ciele cosmetics, Nikki DeRoest is a trusted beauty expert with over 20 years of experience as an LA-based celebrity makeup artist, educator, product developer, and beauty connoisseur. With a reputation for exquisite artistry and an unparalleled understanding of skin, DeRoest has become a trusted name in the industry, working with Rosie Huntington-Whiteley, Phoebe Dynevor, Emma Corrin and Behati Prinsloo. DeRoest's signature aesthetic is built upon the art of flawless complexion, where radiant, luminous skin takes center stage. This expertise seamlessly translates into her creation of Ciele Cosmetics, skin-driven makeup designed to deliver both exceptional glamour and artistry standard performance. Akt London Founders: Ed Currie and Andy Coxon, United Kingdom Ed Currie and Andy Coxon are the co-founders of Akt — The Personal Performance Company — and former West End performers-turned-entrepreneurs. They met in rehearsals for a West End show, where eight performances a week under hot lights in the same costumes led to one inconvenient truth: mainstream deodorants weren't cutting it. They spent three years in their kitchen developing what would become Akt's cult product: The Deodorant Balm, plastic-free, aluminium-free, and gender-free. First tested by the West End and Broadway theatre communities, the balm quickly built a reputation for its unmatchable efficacy, fine fragrances and unwavering staying power — even on a two-show day. The growing range includes their multi-award-winning Body Wash Concentrate, Foaming Body Scrub and Body Conditioning Balm — all proudly made in the UK, tested on dancers (not animals), and built to last. Sign up to The Business of Beauty newsletter, your complimentary, must-read source for the day's most important beauty and wellness news and analysis. The Business of Beauty Global Awards 2025 are made possible by our Awards Partners Sephora and L'Oréal.
