Sun

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)

HOLLYWOOD, Calif. -- Iconic performer Celine Dion is planning to launch a new lifestyle collection in 2017 that includes beauty and other personal care products.

The singer announced Thursday that she has partnered with Epic Rights and Feeling Productions (Dion's Canadian-based production company) to launch the line in Fall 2017 over an 18-month period, starting with active wear, accessories, eyewear, beauty, and travel products and introducing new product lines over the following three years.

Shiseido has entered into an agreement with Alitcor Inc. to acquire its wholly-owned subsidiary, Gurwitch Products. The Gurwitch portfolio includes the ReVive and Laura Mercier beauty brands. (Bloomberg)

Millennials are buying fewer beauty products online, according to a new survey from TABS Analytics. And the reasons for this behavior explain why spending habits are shifting and why retailers are changing to accommodate these shifts. (Racked)

NEW BRUNSWICK, N.J. -- Johnson & Johnson is looking to strengthen its position in hair care by agreeing to acquire Vogue International, a privately held personal care products company, for approximately $3.3 billion in cash.

J&J said the acquisition will include the OGX collection of shampoos, conditioners, treatments, styling products, body care and bath products, the FX line of hair styling products, and the Proganix and Maui Moisture hair care lines.