Multicultural

PARSIPPANY, N.J. -- A new report from Kline shows that the U.S. beauty market is being driven by technological advancements that allow personalized engagement between retailer and shopper.

High double- to triple-digit growth is seen among those brands that manage to capitalize on personalized approaches in 2015, according to Kline’s Cosmetics & Toiletries USA report. Driven by these high growth brands and particular product categories, sales of cosmetics and toiletries increase by 3.8% in 2015. 

At top from left: Judy Ard, VP of HBC, ECRM; Jack Savdie, Vice President of Sales and Albert Savdie, President, Global Beauty Care; Alex Tomas, Area Manager, DSN. At bottom right, from left: Judy Ard, VP of HBC, ECRM; Peter Mulholland, General Manager Australasia at InnovaDerma Aus & NZ Pty Limited, Louise  Ferguson co-founder of SkinnyTan; Alex Tomas, Area Manager, DSN.

BOSTON – BV Investment Partners on Thursday announced the sale of ECRM, an integrated services, software and data provider serving consumer product manufacturers and retailers, to Snow Phipps Group.

Financial terms were not disclosed.

NEW YORK -- A leading brand for textured hair is marking its 25th anniversary with the launch of a new product line.

Mizani is rolling out Styling Renaissance, a professional styling range for all curl types and textures. To celebrate the occasion, the Styling Renaissance was unveiled during an exclusive evening of celebration in New York City on June 20, which honored the brand's vision and innovation within the professional beauty industry.  

TORONTO -- ModiFace, which creates augmented reality technology for the beauty and medical industries, has launched the world's first conversational beauty adviser for Facebook Messenger.

The ModiFace chatbot, which has expert knowledge of over 5,000 beauty products, enables shoppers to search for their perfect makeup products by conversing with ModiFace and asking questions about color, brand name or shade name. 

GURNEE, Ill. – Patrick O’Brien, CEO of beauty and personal care products company Paris Presents, has been named the 2016 EY Entrepreneur of the Year in the Retail and Consumer Packaged Goods category in the Midwest.

This year marks the 30th anniversary of the EY Entrepreneur of the Year Award program. The award recognizes outstanding entrepreneurs who demonstrate excellence and extraordinary success in such areas as innovation, financial performance and personal commitment to their businesses and communities.

FORT WORTH, Texas -- Galderma, the makers of Cetaphil, is unveiling a limited-edition product display in partnership with the Children's Skin Disease Foundation (CSDF) and Camp Wonder, an initiative of the CSDF at 1,500 CVS stores.

As part of the brand's five year partnership with the Camp Wonder program, Cetaphil Moisturizing Cream is being showcased exclusively at 1,500 CVS Pharmacy locations nationwide through June, honoring the memory of Camp Wonder camper, Samantha "Sammie" Smith.

NEW YORK -- Revlon announced late Thursday that it would buy Elizabeth Arden for $14 per share in cash, or about $870 million.

Revlon said bringing together the two firms will help it benefit from greater scale, an expanded global footprint, and a significant presence across all major beauty channels and categories, including the addition of Elizabeth Arden’s growing prestige skin care, color cosmetics and fragrances.