The American consumer goods conglomerate announced second-quarter profits that beat analysts’ expectations on Thursday, but posted revenues that came in under estimates, despite strong growth in health care and beauty.
Luxury Brand Partners, an incubator of cult-favorite brands like Becca Cosmetics, Oribe Hair Care and Pulp Riot, said the investment is part of a larger growth plan set to include several new brand launches.
The company has named Kevin Metz as its new VP of e-commerce and Vanathy Lakshmi as VP of digital product -- two hires intended to boost Sally Beauty's digital commerce arm, as part of a greater transformation strategy.
As CGO, Haloulos will focus on building and expanding the Rodan & Fields brand, leading a team focused on global innovation, brand and digital marketing, corporate strategy and insights, and global strategy.
On January 10, Bite Beauty will release new vegan formulations of its current lip products, as it transitions into becoming fully vegan, ahead of its entry into the complexion category, with a new collection.