A round-up of the latest news and information you need to know to start your week surrounding all things beauty and grooming.

Legislative/ Regulatory

  • Health Canada is set to launch consultations this fall on a new regulatory framework aimed at streamlining and updating the current regulations for cosmetics that are currently defined as “drugs” under the Food and Drugs Act. (Cosmetics Design)
  • Cosmetics Europe Eyes Regulatory Convergence, Not Harmonization. In an interview with “The Rose Sheet,” Cosmetics Europe Director-General Bertil Heerink suggested that international alignment of cosmetics regulations is at once one of the biggest challenges and opportunities before industry. Regulatory convergence, including mutual recognition of regulations across borders, would help the cosmetics industry to thrive – so long as consumer protection standards are not lowered, he said. (The Rose Sheet)
  • FDA Budget Issues Creep Into Strategic Priorities “Given the limited availability of investment capital for medical product development, early clarification of regulatory requirements is critical,” FDA says. Agency officials included stewardship, such as doing more with less funding, among the cross-cutting strategic priorities in its draft strategic priorities document for 2014-2018. (The Rose Sheet)

Business Portfolio

  • Elana Drell Szyfer has joined Laura Geller Beauty as its new CEO, effective June 30. Elana briefly served as EVP Global Brand Strategy at Kenneth Cole Productions, from December 2013. Prior to that, Elana was a force in the beauty industry, holding executive level positions at L’Oréal, Avon and most recently, CEO Worldwide of Ahava Dead Sea Minerals. (Cosmetic Executive Women)
  • Coty Reorganizes To Advance Growth, “Best-In-Class” Category Innovation Coty Inc.’s new organizational structure is centered on product innovation and “consumer evolution,” the New York firm announces July 9. The restructuring includes a number of executive changes and transforms Coty’s Prestige and Beauty units to a “Categories and Innovation” umbrella comprising four product category branches. (The Rose Sheet)
  • L’Oreal Korea has announced the appointment of Yann Le Bourdon, former general manager of L’Oreal Luxe Latin America, as its new president. He served as general manager of L’Oreal Luxe in Korea from 2005-08. His previous posts include product manager roles at firms such as Giorgio Armani and Drakkar Noir, and also general manager of Prestige Collections International and at Lancome in Germany. He also served as general manager of L’Oreal Luxe in Spain.  (Beauty Packaging)
  • L’Oreal USA has settled the charges brought against the company by the Federal Trade Commission, regarding deceptive advertising for two of its skincare products – Génifique and L’Oréal Paris Youth Code. (Beauty Packaging)

Industry Pulse

  • Independent Cosmetics Manufacturers and Distributors (ICMAD) has announced that co-founder of Clarisonic Robb Akridge, PhD has been named the new chairman of the board of the organization, and welcomes six new members to the board of directors. With a mission of fostering growth and success in independent beauty companies, ICMAD selects board members with extensive expertise and knowledge in the personal care industry. (Beauty Packaging)
  • China and South Korea edge forward with free trade talks. A visit by the Chinese President Xi Jinping to South Korea last week is expected to make further progress towards a free trade pact between the two countries that is likely to benefit the cosmetics and personal care sectors. The talks on free trade between the two countries were first started in May 2012, and so far there have been 11 formal discussions, with the 12th round expected to take place later this month. (Cosmetics Design)
  • Cosmetics Europe predicts bright future for industry with exports key. The personal care trade association held its General Assembly in Brussels this week and announced that exports from the EU are on the rise, boding well for the future despite the challenging economic status. (Cosmetics Design)
  • As consumer awareness grows, more beauty brands and retailers are investing in safe, toxin-free cosmetics for the mass market. Will it pay off? (The Business of Fashion)

Market GPS

  • Eyebrow Makeup Dominates Total U.S. Eye Makeup Sales Growth, Reports NPD. A 28 percent increase in prestige eyebrow makeup dollar sales led the overall growth within total U.S. prestige eye makeup in the 12 months ending March 2014*, reports The NPD Group, Inc., a global information company. This increase is in sharp contrast to the total U.S. prestige makeup market’s 3 percent growth during the same time period. (NPD)
  • Beauty is well-positioned to capitalize on millennials’ growing fascination with visual social-media platforms, according to branding expert Jennifer Walsh. With Facebook use “falling off,” marketers would be wise to embrace Instagram and Pinterest to reach millennial beauty shoppers, she advised. (The Rose Sheet)

 

Beauty 2.0

  • Beauty marketer Estée Lauder is encouraging exploration of the many shades of its Pure Color Envy Sculpting lipstick with an advertisement on Vogue magazine’s mobile Web site.  (Luxury Daily)
  • The Indian Government proposed allowing foreign retailers, who manufacture products in the country, to sell via e-commerce platforms, a step towards liberalizing foreign investment in the country’s $13 billion e-commerce sector. (CPP Luxury)

1938 is the online magazine blog for Well-Kept Beauty, formally entitled Primer.

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