#cosmetics-industry

#cosmetics-industry

The cosmetics industry's glamour has caught Wall Street's eye - and investors are recognizing that beauty is more than skin deep. Beauty has become a booming sector, driven by a wave of savvy social media creators and startups that are shaping trends and fueling spending. The consulting firm McKinsey predicts that, by 2030, the industry could be worth nearly $600 billion. At JPMorgan, Fei-Fei Zhang is shaping how the bank is approaching the opportunity.

The cosmetics industry is constantly changing, influenced by what consumers want, sustainability objectives, and advancements in packaging technology. Although ingredients and formulas frequently steal the spotlight, packaging plays a crucial role in influencing product perception and performance. More and more brands are opting for glass bottles as their preferred packaging solution. This change goes beyond mere appearance. It showcases a significant shift in the perspectives of consumers and businesses regarding sustainability, safety, luxury, and long-term value.

Revolution Beauty told shareholders that Flannels and Sports Direct is one of a number of parties conducting due diligence on the company.