Kendo Acquires Bite Beauty

Posted: November 18, 2014

Kendo, an LVMH company, acquired Bite Beauty, a Toronto‐based beauty brand specializing in natural lip products founded in 2011 by Canadian entrepreneur Susanne Langmuir. Terms of the transaction were not disclosed. Since its founding, Kendo grew to be distributed in 24 countries.

Bite Beauty is the second acquisition for Kendo, which focuses on unique beauty brands with compelling stories and strong long‐term growth potential. Bite joins Ole Henriksen, an LA‐based skin care brand acquired three years ago, and four Kendo‐created brands: Marc Jacobs Beauty, Kat Von D Beauty, Formula X, and Elizabeth and James fragrance.

“Bite Beauty is an amazing brand that has enjoyed meteoric growth since Susanne founded it three years ago,” said David Suliteanu, CEO of Kendo. “It has enormous potential here in North America as well as abroad.”

“I am thrilled to join Kendo, and to work with David and his team, to take Bite Beauty to the next level of growth and success,” said Langmuir. “I am confident that, with Kendo’s support, Bite can expand its presence well beyond what we have achieved today, to become a world‐recognized and highly desired brand in the prestige beauty market.”

Bite Beauty’s mission has been to create beauty products that offer high performance and are formulated with ingredients healthy enough to eat. The company’s mantra is “Edgy, Edible, Innovation for Lips.” Its assortment of lipsticks, lip pencils, lip crayons and treatment products are hand‐crafted at the brand’s facility in Toronto. Bite Beauty is currently sold at Sephora, where it has become one of the fastest growing brands in the company’s history. It is also retailed in its brand-owned Lip Lab door in Manhattan.

Related Topics: Acquisitions (Marketers)

Renewable Energy from the Sun-Facts

Renewable Energy from the Sun-Facts

This article is designed to address some salient details about renewable energy that can be harnessed from the sun.

Solar Power is an ecologically sound and desirable source of energy. Sunlight has been used by microbial, plant, and animal life as a primary energy supply. Photosynthesis is a process which also requires sunlight.

Earth’s atmosphere absorbs about 3.85 million exajoules of solar energy. However by comparison, the entire use of electric energy, world-wide is about 56.7 exajoules annually. Thus, within a few hours, the earth receives more solar energy than people expend annually!

Renewable energy from the sun is a clean source of energy. In contrast to fossil fuels, using Solar energy doesn’t discharge carbon dioxide or other types of harmful toxins into the environment. Furthermore solar energy is collected by almost every single form of life. Even animals bask in sunshine to warm themselves. Solar power is probably the most environmentally sound energy option attainable right now.

Every year, humans consume 467 exajoules of energy, mostly derived from fossil fuels. However, if we could capture just 10% of the renewable energy from the sun, we could replace all fossil fuel sources.

To put it simply, solar energy is the collective energy in form of heat and light energy emitted from the sun. Approximately 30% of this is immediately deflected by the atmosphere, and another 20% is absorbed into the atmosphere. However, approximately 50% of the solar energy reaches the earth’s surface, where it fuels photosynthesis in plants, creates and maintains weather patterns and climates, as well as the temperature of the ocean, and generally speaking keeps our planet alive. All of this is accomplished without creating any pollution or destruction of natural resources.

In the last three decades, solar energy technology has developed at an accelerated rate. Solar energy is harnessed using PV solar power plants. Home Solar Power generation is now possible with rooftop installation of Solar panels. Solar energy can be employed to power practically any procedure you can visualize, from large-scale power generation for towns and cities to boiling a single pot of water.

Photovoltaic solar power plants use PV panel systems to produce electricity. This electric current may be used immediately or alternatively stored in batteries for later use. Battery storage is incredibly significant since it means it is possible to store solar power for use through the night or during cloudy or rainy days.

In this article, we’ve endeavored to provide some thought provoking solar power facts. Investing in solar power now might not instantly help you save money, but your monetary investment can certainly provide an improved future for everybody under the sun by reducing the carbon foot print.

Tags: clean energy, energy, power, renewable energy, solar

Berkshire Hathaway to Acquire Duracell in Exchange for P&G Shares

Posted: November 14, 2014

Following its prior announcement of plans to exit the Duracell business, PG said it now plans to execute a split transaction, in which it will exchange a recapitalized Duracell Company for Berkshire Hathaway’s shares of PG stock. “We thank the Duracell employees for their many contributions to the business. They’ve made Duracell the global market leader in the battery category,” said PG chairman of the board, president and CEO A.G. Lafley at PG’s 2014 analyst meeting. “I’m confident this new ownership structure will provide strong support for Duracell’s future growth plans.”

Berkshire’s stock ownership is currently valued at approximately $4.7 billion. PG said it expects to contribute approximately $1.8 billion in cash to the Duracell Company in the pre-transaction recapitalization.

Based on the signing of the contract to exit the Duracell business, PG will restate Batteries results to discontinued operations effective with the reporting of October-December 2014 quarterly results. The Company expects to restate earnings per share of approximately $0.12 to $0.14 to discontinued operations for fiscal year 2014. All-in GAAP earnings per share are not affected by the restatements.

PG said it expects to close the Duracell transaction in the second half of calendar year 2015, pending necessary regulatory approvals.

Related Topics: Announcements (Marketers)

NPD Highlights U.S. Prestige Beauty in Q3 2014

Posted: November 14, 2014

In the third quarter of 2014, sales of U.S. prestige beauty products were $2.4 billion, a 6% increase from Q3 2013.

  • Makeup leads Q3 2014 overall prestige beauty sales—with eye, face, and lip products making up the bulk of the growth.
  • In fragrance, sales continue to rise, jumping nearly 5% from Q3 2013.
  • Facial masks are the primary driver of skin care growth, with a significant double-digit increase compared to Q3 2013.

“The trends that have developed throughout 2014 remain clear during its third quarter—fragrance is having a great run heading into the holiday season and makeup is widening the gap between itself and skin care,” said Karen Grant, vice president and global industry analyst, The NPD Group, Inc. “While each of the categories experienced growth, recognizing the industry shifts that have occurred will allow retailers and manufacturers to better understand what their consumers are looking for, which is especially critical as we enter the holiday shopping season.”

Beauty Holiday 2014 Outlook

Posted: November 14, 2014

According to The NPD Group, the 2014 holiday season will see opening price point items making an unexpected but potentially significant impact on the shopping season. As potential stocking stuffers, the little things (eyeliners, facial skin care masks, fragrance minis, etc.) will offer the great variety consumers crave at an affordable price to ultimately help drive holiday sales.

Makeup leads overall prestige beauty, with dollar sales up almost 10% from 2013, and will continue to thrive throughout the holiday season. While the face segment remains positive, eye and lip segments are the primary drivers, and consumers will continue to look for color and definition from these products.

After years of lackluster results, the fragrance market is finally growing well. Fragrance has been reported as the fifth most-popular purchase of the season, and with more women’s fragrances available in 2014, the outlook is expected to remain positive.

For the first time in a decade, the performance of the overall skin care category is below that of fragrances. While sales from indie and premium priced brands are robust, it can’t overcome the softness in top sub segments like facial moisturizers, age specialists and gifts. Capitalizing on the smaller subcategories that are growing will help keep skin care afloat this season.

“The smaller items that don’t generally get the big headlines will have a big impact on the market this holiday season; taking advantage of opportunities in unexpected spaces is key in today’s shifting prestige beauty market,” said Karen Grant, vice president and global industry analyst, The NPD Group, Inc. “The positive direction that much of the U.S. prestige beauty industry is headed in this holiday season will be given an added boost by brands’ efforts to connect with and engage their consumers in inventive ways.”

Related Topics: Marketing

Women Want Youthful Face More Than Youthful Body

Posted: November 11, 2014

Women desire a youthful looking face more than a youthful looking body, according to the results of a national survey conducted by Wakefield Research on behalf of Allergan Inc.

The study found that nearly 60% of women surveyed (ages 21-65 (n=500)) say they’d rather have a more youthful looking face. The Wakefield Research Volume Loss Survey 2014 was conducted to promote Allergan’s Juvederm Voluma XC, a hyaluronic acid injectable filler; however, it also has implications in topical skin care for face and body.

Of the respondents, 64% noted that the shape of their face has changed as they have aged, and 44% have noticed a decrease in cheek volume or fullness in the past 10 years. Of women surveyed, 44% believe that if they lose volume in their cheek area, there is nothing they can do to correct it.

Euromonitor Asks: Is Men’s Care Ready for the Next Step?

Posted: November 11, 2014

According to the 2014 Euromonitor International Personal Appearances Survey, within the toiletries category, men’s deodorants are the second fastest-growing, recording total revenues of US $9.0 billion in 2013. Further, facial and body creams ranked the highest in skin care, although their overall adoption rates were just over 20%. This suggests that despite varying grooming routines among men worldwide, most tend to stick to the basics and simplicity remains key to the male consumer.

Men’s skin care did increase by 9% in 2013 over the previous year, and is expected to grow at an average of 8% between 2013 and 2018, adding another US $1.5 billion to its size. The skin care market has an absolute value growth twice that of hair care, and 60% of its value sales in 2013 is from the fast-growing Asia-Pacific region, which will remain a key focus area for beauty players in men’s grooming. In men’s grooming, hair care remained the third fastest-growing category in 2013, trailing both skin care and deodorants, but it is expected to add another US $730 million by 2018.

Furthermore, sunscreen has gained low adoption rates among men, despite government efforts to raise awareness of the importance of sun protection. While brands in the United States such as Coppertone and Banana Boat have introduced sun protection targeting men, with sports-related campaigns and branding, further education and awareness is needed.

Finally, men’s cosmetics are not yet as widely used as other products. While most women claim to have used at least one cosmetic product in the past three months, few men fall into this category. This could be due to low availability or taboos associated with the use of cosmetics by men. Thus, this category is still niche, despite brands like Tom Ford and Marc Jacobs releasing concealers and foundations for men.

Related Topics: Men