Celebrity Beauty Brands are Dying
This week’s GlowJob News Roundup is a full beauty industry shakeup.
Luxury portfolios are tightening. Celebrity brands are shutting down. Private equity is circling. And resale platforms are reshuffling billions.
We break down:
Marc Jacobs Beauty officially returning under Coty
MAC expanding into Sephora U.S. stores
Gwen Stefani’s GXVE quietly shutting down
LVMH exploring a potential sale of Makeup Forever
Aritzia acquiring Fred Segal
eBay buying Depop in a $1.2B deal (at a loss for Etsy)
Pat McGrath Labs securing $30M in Chapter 11 financing — and what it actually means
From prestige makeup…
The skinny
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