BEAUTY CARE

Report: Anti-aging products market to see 7.71% CAGR growth

BY Lesley Thulin

PUNE, India — The Global Anti-aging Products Market 2015-2019 research report realeased on Wednesday predicts a 7.71% compound annual growth rate for the global anti-aging products market.

The report attributes this growth to increasing urbanization and per capita expenditure in developing countries, which increase impulse purchase by aging consumers.

One of the major challenges that vendors face is sustaining and growing market shares in the anti-aging products market, which includes skin care and hair care.

The report covers APAC, Europe, the Americas and ROW, and includes a discussion of the market’s key vendors.

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Sofia Vergara launches second fragrance

BY Lesley Thulin

NEW YORK — Emmy Award-winning actress Sofia Vergara launched her second fragrance, Love by Sofia Vergara, on Wednesday.

"I want my brand to reflect the many aspects of a woman's life,” Vergara said. “Love is for the woman who truly enjoys being a woman … and loves who she is.”

According to Parlux Fragrances, the fragrance contains fruity top notes of mandarian, passion fruit and orange blossom, in addition to middle notes of purple Andean orchid, magnolia and Colombian coffee flower. It also features base notes of amberwood, ambrette seeds and vanilla.

In an homage to Vergara’s Colombian background, the bottle is carved to resemble an emerald, the country's native gem, Parlux Fragrances said. 

The fragrance will retail for $55 (100ml) and $32 (50ml). It will be available in October at retailers such as HSN.com, Perfumania and Perfumania.com.

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Sundial signs strategic partnership agreement with Bain Capital

BY Lesley Thulin

Sundial Brands CEO Rich Dennis in DSN’s New General Market video

NEW YORK — Natural skin and hair care manufacturer Sundial Brands on Wednesday announced that it signed an agreement into a strategic partnership with Bain Capital Private Equity.

The partnership will drive Sundial's social entrepreneurship model, accelerate its multi-brand portfolio strategy, and advance its transformative approach to serving New General Market consumers, the company said. Financial terms of the minority investment were not disclosed.

“Sundial is now in the strongest position to continue to lead this beauty revolution, alongside all of our consumers, so that no one gets left behind,” Sundial Founder and CEO Richelieu Dennis said.

Dennis will continue in his roles at the company. The brand, which introduced the New General Market concept to beauty and retail, will remain majority family-owned.

“We are strategically aligned with our new partner around the elevation of the New General Market as a key growth driver and the opportunity to identify and invest in new ways to better serve our consumer community,” Dennis said. “We have defined the New General Market as ‘an amalgamation of cultures, ethnicities and demographics aligned against commonalities, need states and lifestyles.’”

Sundial has targeted underserved consumers, including African-American women.

“We recognize that African-American women have long been at the forefront of the natural hair and body movement that has created the dynamic cultural shift that we see today,” Dennis said. “It is exciting for us to see how naturalistas have now empowered women from all backgrounds to embrace their natural beauty. In addition, they have compelled multinational beauty brands and retailers to acknowledge and be more respectful of their needs.”

Deval Patrick, a managing director at Bain Capital and the former governor of Massachusetts, participated in partnership discussions and will join Sundial’s board of directors, the company said.

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