Quick updates on what’s happening in the world of beauty
Facial Rejuvenation Market likely to reach $ 39.4 billion mark by 2028
Increasing consumer spending on aesthetic treatments coupled with growing popularity of non-surgical procedures are key factors driving the global facial rejuvenation market. Macro factors including rising employability and promising economic growth in Asia Pacific to promote nice-to-have services are projected to contribute to the adoption of facial rejuvenation treatments and present potential growth opportunities to providers and other stakeholders in the facial rejuvenation market. As per a report by Persistence Market Research (PMR), the global facial rejuvenation market, expanding at a steady 5.0% CAGR, is likely to reach a valuation of US$ 39.4 billion by 2028. However, adverse reactions associated with facial aesthetics products, high procedure costs, and lack of trained professionals are some key factors projected to restrain the adoption of facial rejuvenation procedures. PMR’s study on the global facial rejuvenation market reveals that the availability of products with much faster results are driving the growth of facial rejuvenation market, for instance, derma fillers. Moreover, long lasting effect of treatments with clinically-approved products, results in much higher adaptability and retains the trust of patients. In terms of products, Botulinum toxin injection is the most preferred owing to its dynamic used in aesthetic clinical practice. Moreover, positive response from regulatory authorities for different set of facial problems, is also complementing the adoption of botulinum.
Avon appoints new GM in India
Avon Products, Inc has announced that Dronacharya Chakraborty has been appointed General Manager, India, effective immediately. Chakraborty will report to Bill Rahn, Global Vice President, Asia Pacific (APAC). The appointment advances Avon’s strategy to drive growth and better capture the significant opportunity in India, a market in which Avon has 50% brand awareness but low penetration. Chakraborty brings 20 years of experience in direct selling and the personal care industry. He joins Avon from PM International India Pvt. Ltd., a direct selling company where he was General Manager, Sales. “I am excited to join Avon to work with Bill and his team to advance expansion and growth in the Asia-Pacific region,” said Chakrabory.
55th anniversary of Mary Kay
Mary Kay Inc. celebrates its 55th anniversary this month. Recognised as one of America’s greatest entrepreneurs, Mary Kay Ash changed the world of business when she founded Beauty by Mary Kay on September 13, 1963, with her life savings of $5,000 (USD), the support of her family and nine Mary Kay Independent Beauty Consultants. Today, Mary Kay is a cosmetics powerhouse with more than 700 products in its global portfolio and a legacy that has helped millions achieve their entrepreneurial dreams.
“Since our company’s inception in 1963, our mission has been and always will be to enrich women’s lives,” said David Holl, President and Chief Executive Officer for Mary Kay Inc. “With a 55-year history and operations in nearly 40 markets around the world, Mary Kay is a proven corporate leader, a trusted beauty brand and an unrivaled entrepreneurial success story for millions of women. We are proud to celebrate this milestone anniversary alongside our independent sales force and our global Mary Kay community.”
Sephora makes waves in China
Sephora has released a new concept of Beauty Power in China. It announced its new concept “My Beauty Power Turn It On” and called on every consumer to search deep and realise the power of their individual and unique beauty, and rediscover, lead and create a new meaning of beauty that is distinct to them. To be able to communicate with even more young people the concept of “My Beauty Power Turn It On”; Z.TAO, a famous Chinese singer and actor, joins Sephora this time as the brand ambassador. Meanwhile, the Sephora mini program was also launched to offer the new experience of omni-channel social retailing. At the end of the press conference, Sephora announced that its first Asian New Concept Store would be opened in Shanghai in September.
HJ’s British Hairdresser of Year nominees announced
The nominees for HJ’s coveted British Hairdresser of the Year award, sponsored by Schwarzkopf Professional have been announced.
Darren Ambrose, Sally Brooks, Errol Douglas, Gary Hooker & Michael Young, Cos Sakkas, Angelo Seminara, Eugene Souleiman and Jamie Stevens have wowed the British hairdressing industry, resulting in their nomination for the title.
Nominated by their peers on their professional reputation, vision and trend setting ability and their ability to promote and be an ambassador for British hairdressing, Executive Director of Hairdressers Journal International, Jayne Lewis Orr, said, “For more than 30 years, the British Hairdresser of the Year title has been the most coveted and sought-after in the hairdressing industry, resulting in global recognition. It has not only cemented the careers of exceptional stylists, but has helped to raise standards across our industry while pushing creative boundaries for over three decades.” All eight nominees will submit an exclusive collection to be judged by a panel of industry professionals in September before the winner is announced at a black tie ceremony in London’s Park Lane on Monday, 26th November. The nominees’ exclusive collections will be on display at Salon International, ExCeL London between 13th – 15th October 2018.
L’Oréal Paris launches virtual try-on tool
L’Oréal Paris, the number one global beauty brand, elevates beauty discovery and experimentation with the launch of a new augmented reality try-on tool. Powered by ModiFace, the “Try On” tool provides consumers with an innovative way to experience more than 300 of the brand’s Blush, Eyeshadow, Eyeliner, Lipstick, Lip Liner and Colorista Semi-Permanent Hair Color shades directly from www.lorealparisusa.com — no additional apps needed. The virtual tryout interface features photo-realistic color simulation, allowing consumers to virtually try-on hundreds of L’Oréal Paris beauty products online in real-time. Leveraging ModiFace’s patented facial recognition and augmented reality product simulation technology, it is designed to revolutionise the way people discover, interact and shop for L’Oréal Paris products. By inspiring creativity and experimentation among beauty enthusiasts, the tool allows all people to be their own makeup designer.
“Our consumers are at the heart of all our innovations. We continually strive to create bespoke experiences that add value for them in new ways,” says Anne Marie Nelson-Bogle, SVP Marketing at L’Oréal Paris. “With this launch, we are excited to transform the way people can experience beauty with a new tool that offers a convenient, instant and personalized way to test L’Oréal Paris products.”
Giorgio Armani on the red carpet
Giorgio Armani Beauty, the Official Beauty Sponsor of the 75th Venice International Film Festival, had its new beauty faces appear on the red carpets. Chinese actress Elaine Zhong, models Barbara Palvin, Sara Sampaio, Madisin Rian and Greta Ferro all embody the Giorgio Armani brand, with their different types of femininity and their modernity.
These five women will be enriching the brand’s collective next to Academy Award winner actress Cate Blanchett, who has been announced earlier this year Giorgio Armani beauty very first Global Beauty Ambassador. Cate has been the face of the Sì fragrance since its creation in 2013. Within this new role, she is embodying make-up and skincare as well.
World Academy of Cosmetic Surgery appoints new VP
Dr Ash Dutta (UK), Founder of Aesthetic Beauty Centre, has been appointed as the Vice-President of World Academy of Cosmetic Surgery, (WAOCS ) at their annual meeting 2018 in Vienna.
The WAOCS was founded in 2010 after a meeting in Split (Croatia) organised by Dr Peter Lisborg of Austria. It was attended by over 50 established Cosmetic Surgeons from Europe, America and Asia. It was founded with a view to bring physicians from across the world who adhered to high moral and professional standards.
Dr Lisborg was voted as the founding President and Dr Ash Dutta as the Secretary. Dr Ash Dutta remained in that position for six years and subsequently became the Education Committee Chair until his most recent elevation to Vice-President earlier this month.
The board positions are voluntary and a privilege honour bestowed upon by the WAOCS board members at the annual board meeting. The factors taken into account are the amount of commitment and hard work the candidate has put in all areas of his surgical practice. A high degree of code of conduct is one of the most important and decisive factors in these appointments.