Sun

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.

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.

Popular beauty-box company Birchbox is suspending its plans to open physical stores as the retailer tells The Wall Street Journal that an increase in competition and a chill in venture capital has left it short on cash. (The Wall Street Journal)

WAUKESHA, Wis. – Smith Drug Company recently utilized Hamacher Resource Group's 360° Store Assessment program in an effort to boost front-end productivity across its independent retail pharmacy operators, HRG announced Tuesday.

Sephora and other retailers are ramping up efforts to monetize millennial-friendly mobile platforms, including Kik, Snapchat and others. (Bay Area News Group)