Colgate’s latest acquisition signals entry in skin care category
New York City-based Colgate-Palmolive has announced that it will be entering the skin care business. The company plans to do so by acquiring, PCA Skin and EltaMD in two separate transactions.
PCA Skin is a brand that specializes in medical-grade in-office and take-home skin care products, with support from dermatologists, plastic surgeons and aestheticians. EltaMD is a physician-dispensed sun care brand. Together, the companies net sales for 2017 approximately totaled to $100 million, Colgate-Palmolive said.
“PCA Skin and EltaMD form an exciting combination for Colgate’s entry into the professional skin care category. We are delighted that these high-growth, high-margin brands will strengthen our global personal care business. Their complementary product portfolios and sales forces, strong professional support and similar distribution channels will advance Colgate’s presence in the premium global skin care category. Furthermore, these businesses will benefit from Colgate’s decades-long legacy of working with professional experts to deliver recommendations that benefit their patients,” Ian Cook, Colgate’s chairman, president and CEO said.
Terms of the deals were not disclosed and both transactions are expected to close in the first quarter of 2018.
ChopSaver donates lip balm to California firefighters
Lip care products from ChopSaver, created by trumpeter Dan Gosling, are on their way to firefighters in Southern California. The Indianapolis-based company announced that over 7,000 tubes will be shipped straight to the first responders battling the ongoing fires in that region.
“I received a text from my friend Gregory Zarian a few days ago. A busy actor/model in Los Angeles who is a huge ChopSaver fan, Gregory is devastated by the destruction the California fires are causing, and he wanted to do something to help. So he connected us with someone he knows at the Red Cross,” Gosling said.
“Our first responders put themselves on the line protecting and serving all of us,” Kimberly Y. Payne, Senior Region Philanthropy Officer for the American Red Cross Los Angeles Region, said. “When companies like ChopSaver step forward to help, it is a wonderful testament to the humanitarian spirit and commitment to making a difference to communities in need.”
ChopSaver’s products are all-natural and created with herbs to soothe all lip related problems, the company said. The lip balms can be found at major retailers nationwide, including CVS.
Ulta Beauty shakes up the cosmetics industry with Manhattan store opening
Ulta Beauty is looking to make a splash with the opening of its first-ever Manhattan store. Located at 188 East 86th St in New York City, the store looks to offer consumers more than just beauty products to sift through. General manager Jennifer Diaferio notes that though this new location will offer many of the staple services – skin, brow and beauty – consumers have come to associate the company with, it also looks to make its own individual mark.
While sticking to its tried and true trades such as featuring products from NYX, Morphe, Ulta Beauty Collection among others, the store hopes to differentiate itself from the 1,000 others by featuring products and services not available in other locations throughout the nation. This involves the inclusion of Skin Laundry and M.A.C. The beauty retailer is one of the few locations to carry cosmetics from the makeup line, and the store’s general manager states that the company is looking to feature M.A.C. boutiques in more than 100 locations across the country.
Skin services from Skin Laundry are only available in one other Ulta Beauty location, the New York City location will be the second to feature the company’s 15-minute facial. The full lineup of services includes brow services from Benefit, skin services from Dermalogica, M.A.C. makeup artistry, and Skin Laundry’s 15-minute Laser & Light Facial.
When it comes to the salon where consumers can show their hair some much needed TLC, stylists will be able to offer haircuts, all over hair color, highlights, texture treatments, blowouts and deep conditioning treatments using products from Redken and Bumble and Bumble.
The full line of services and items offered both in-store and online are sure to entice consumers, but the Bolingbrook, Ill.-based company hopes this new location will drive foot traffic. Jennifer Diaferio explains that the store plans to do this by ensuring that customers, “are able to experience more than just our great product assortment. Guests can chat with Ulta Beauty experts to find the right shade or product to complete their look, get pampered with hair, skin and brow services and play, explore and discover before making their purchase,” Diaferio said.
Another set of perks customers can look for come from the company’s Ultamate Beauty Rewards loyalty program. Aside from earning points for every dollar spent, other benefits include a free gift on their birthday and double points during their birthday month. When members spend $450 in a calendar year, they are upgraded to platinum status, earn 25 percent faster, receive exclusive bonus point promotions and an additional birthday gift.
While this is certainly not the company’s first store, this expansion towards a whole new market of consumers who had previously only been able to buy products online should keep other major beauty retailers on edge.