Private equity firm's acquisition of luxury mineral makeup brand Colorscience will provide the innovator with brand-building expertise as well as financing, VMG says in Nov. 19 release. "Mineral makeup is one of the fastest growing sectors within the cosmetics industry," Robert Schult, co-founder of VMG Partners, points out. "We chose to work with Colorscience because its creator, Diane Ranger, defined the concept and the industry and has continued to pioneer product advancements." The fact that Colorescience products are distributed through doctors' offices and medical spas was another motivating factor behind the investment, VMG says, noting that "doctors' and celebrities' careers rely upon the quality and effectiveness of the treatments they promote and use." Colorescience and VMG will grow the brand by conducting and releasing clinical trials on the effectiveness of the products, forming a partnership with the Skin Cancer Foundation and obtaining endorsements from celebrities represented by The Firm, a talent and brand-development company for which David Baram, a partner at VMG, serves as director...
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The US FTC’s contention that ‘notice and choice’ has failed as the cornerstone of consumer privacy regulation and must be abandoned in favor of data minimization and other more stringent measures does not adequately account for the complexity of business practices and consumer behavior, FTC commissioner Melissa Holyoak asserted at the NAD’s 2024 Annual Conference.
FTC Commissioner Melissa Holyoak says the agency has acted outside the bounds afforded by Congress, citing several areas within consumer protection, including a recent update to the final rule for the Health Breach Notification Rule and the commission’s use of notices of penalty offense to serve as the basis for Section 5 settlements.
At one year, TikTok Shop conjures the early days of Amazon, representing the ‘Wild West’ of beauty ecommerce, said co-founders of private label and contract manufacturing company KO-Pack at the IBA Cosmetics Convergence Fall 2024 Virtual Symposium, “The Promise and Pitfalls of TikTok Shop.”
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The EU Council has introduced a key amendment to Article 51 (para 1, point e) of the new pharma directive: “A medicinal product shall be subject to medical prescription where it is an antimicrobial, unless intended for topical use.”
The Independent Beauty Association has launched an interactive Policy Map tracking state and federal bills and filtering by state or topic, pinpointing bills of great priority.
Winterman moves from AstraZeneca to lead Perrigo supply operations; SunsolveMD fashions a brand ambassador in Elsa Hosk; Former P&G marketing exec Davis-Artis joins Godrej; and Epidiolex developer Wright advises BRC Th
