In April alone, L’Occitane sold Grown Alchemist, Mented Cosmetics was acquired by a private equity firm and Billy Reid snapped up Knot Standard’s DTC business.
With some brands filing for bankruptcy or shutting down entirely, 2023 paved the way for innovation from newer companies.
Get the free daily newsletter read by industry experts
In April alone, L’Occitane sold Grown Alchemist, Mented Cosmetics was acquired by a private equity firm and Billy Reid snapped up Knot Standard’s DTC business.
With some brands filing for bankruptcy or shutting down entirely, 2023 paved the way for innovation from newer companies.