SC Johnson acquires popular Babyganics brand
SAN FRANCISCO — Private equity firm VMG Partners has sold a rapidly growing brand of personal care for families to SC Johnson.
Founded in 2004, Babyganics is a lifestyle brand offering family-focused products including skin care, bath care, sun care, insect repellent, oral care, hand hygiene, surface cleaners, laundry products, dish soaps, diapers and wipes.
"The Babyganics brand has emerged as a true leader in the pursuit of providing unique and innovative products for today's parents and their children,"said Kara Roell, managing director of VMG. "VMG is extremely appreciative of the partnership built with Kevin Schwartz and Keith Garber, the leaders of Babyganics, and of the collaboration, creativity and exceptional performance of the entire Babyganics team in redefining the well-baby category."
Babyganics represents the second exit in VMG's second fund, following quickly after the sale of Justin's to Hormel Foods. VMG's other brands include Health Warrior, Kernel Seasons, KIND Healthy Snacks, Natural Balance, Nature's Bakery, Pretzel Crisps, Perfect Bar, Quest, Spindrift, and Vega.
Charlotte Tilbury cosmetics launches first fragrance with help from Kate Moss
TORONTO — Celebrity makeup artist Charlotte Tilbury is adding a fragrance to her beauty product portfolio.
Tilbury announced she is launching Scent of a Dream in August. Kate Moss has signed on to be the scent's beauty ambassador.
"I have been mixing my own Secret Scent for years and have been fascinated by the idea that one's perfume can attract others and also change the energy frequency of the people and environment around you," Tilbury said. "I believe consumers can use Scent of a Dream to create an emotional pathway."
The Charlotte Tilbury line of 100-plus beauty products is available for purchase at Net-A-Porter.com, Nordstrom, BeautyLish.com and other retailers. The company says the fragrance will have even wider distribution by September.
Increased consumer spending prompts NRF to boost 2016 sales projections
WASHINGTON – With increases in consumer spending expected to remain solid during the remainder of the year, the National Retail Federation on Tuesday increased 2016 retail sales projections by 30 basis points to 3.4% over last year.
Online and other non-store sales, which are included in the overall figure, are expected to increase 7% to 10% year-over-year rather than the 6% to 9% percent forecast earlier.
“Economic indicators are showing positive trends for retail,” stated Matthew Shay, NRF president and CEO, citing the improved housing market, job growth, higher wages and other factors that have boosted consumer spending. “Challenges remain, with some greater than others depending on the retail category, but consumer confidence remains high and we believe that retail customers will continue the positive trends we have seen in the first two quarters of the year.”
Retail sales in the first half of 2016 performed at a solid pace, growing close to 4% on a year-over-year basis, according to NRF calculations, which exclude automobiles, gasoline stations and restaurants. NRF expects gross domestic product to grow between 1.9% and 2.4%.
“There are many factors that could prove to be hurdles but our overall outlook is optimistic,” NRF chief economist Jack Kleinhenz said. “Uncertainty surrounding the presidential election could make consumers more cautious, and the combination of a rising dollar and global slowdown have impacted exports, but other factors like favorable weather patterns that will help move winter merchandise support our outlook.”
NRF is watching economic developments closely and will evaluate any changes to its forecast as necessary. If needed, the next update to forecast will come as part of NRF’s annual holiday forecast in October.