The LVMH-owned beauty retailer asked a federal judge to dismiss a lawsuit alleging its “Clean at Sephora” designation is false advertising.

Like skin care and cosmetics line before them, upstart perfume brands see a path to take market share from the category’s incumbents.

The global market has slowed, but the beauty category remains of interest to financial backers. The Business of Beauty identifies the top targets of the year.

Provenance and Silas Capital took a minority stake in Mario Dedivanovic’s Makeup by Mario, valuing the brand at over $200 million.