The private equity firm has taken a majority stake in the digital-native clean beauty brand, an investment that values the Santa Monica, California-based company at $1 billion and sets it up for accelerated growth.
The reopening of non-essential shops in much of the UK on April 12 and workers back in their offices mark a big step in the return to normality. It seems that key product categories are likely to benefit.
Love Hemp Group, the UK-based CBD and hemp beauty products supplier, has fundraised over £5 million to boost a global marketing programme. The company also said it wants list on the London Stock Exchange this year.
UK prestige beauty customers have been going back to basics in the past year and this meant 2020’s skincare sales at the upper end of the market fell 23%, according to a new report from The NPD Group.