The vegan beauty movement is more than just a trend, according to a new report. Research by Grand View Research, Inc, has found that the global vegan cosmetics market looks set to reach USD 20.8 billion by the year 2025.
Estee Lauder Cos Inc reported higher-than-expected quarterly profit and sales on Friday on strong demand for Too Faced and Becca products and customisable gifts, and the company raised its 2018 full-year EPS forecast.
Beauty products maker Coty Inc posted a quarterly profit on Thursday that beat estimates, selling more products geared toward millennials and making progress with newly-acquired brands in an expanded global portfolio.
Estee Lauder’s stock hit a record high after the cosmetics maker forecast holiday-quarter sales ahead of market expectations Wednesday, banking on demand for its acquired makeup brands that are popular with millennials.