Agenda-setting intelligence, analysis and advice for the global fashion community.
The Japanese beauty company reported a net loss of 11.7 billion yen ($111.8 million) in 2020, weighed down by the impact of the coronavirus crisis. It outlined a strategy for a full recovery by 2023, doubling down on skin care and digital and setting a target to achieve sales of around 1 trillion yen ($9.5 billion) that year.
Shana Randhava, Priya Venkatesh, Heela Yang and Robin Tsai will join Imran Amed and Priya Rao to identify the entrepreneurs shaping the future of the beauty industry.
By selling existing formulas under their own name, retailers can tap into the lucrative beauty market without investing in custom formulations. But that doesn’t mean the private label model is an easy win.
The San Francisco-based company is hoping to tap growing consumer demand for financing for cosmetic treatments among other services.
Once thought of as long-term disruptors who would change the way we shop forever, multi-brand online retailers that sell cosmetics, skincare, fragrance and more are facing multiple headwinds.
