There's a lot going on in the world of beauty right now, so I thought I would do a quick wrap-up for you, just so we're all up to date!
New 24HR Beauty Channel - on October 31 (Halloween), QVC will launch a new 24HR TV network devoted 100% to beauty! The channel, called Beauty iQ, will feature live and pre-taped content devoted 100% to beauty (color cosmetics. skincare, and fragrance). Over 50 prestige beauty brands will be featured on the channel, including Givenchy, IT Cosmetics, Edward Bess, Tarte, Tatcha, Nudstix, Mally Beauty, Becca, Peter Thomas Roth, Laura Geller Josie Maran, and Nest. The experts behind those brands will be appearing on-air as well. Beauty iQ will be viewable in the US via DirecTV, U-verse, Dish and Roku. There will be live programming five nights a week, Wednesday through Sunday, 8:00 p.m. to midnight ET, and repeated immediately after for West Coast viewers. View the current schedule for Beauty iQ programming HERE.
Walgreens Acquisition of Rite Aid - you may recall that almost one year ago to the day (10/27/15). I posted about Walgreens' plans to purchase Rite Aid. I hadn't heard much about the acquisition lately, until I saw this article on Fortune.com. Apparently, Walgreens must close 500-1000 Rite Aid stores (per FTC regulations) before the acquisition can be complete. And according to that article, Kroger was interested in purchasing 658 of those Rite Aid stores from Walgreens. But it appears that that purchase has hit a snag (see the article here for details) so we may have to wait a bit longer for any official announcements as to the final acquisition of Rite Aid by Walgreens (and what that will mean for customers of both chains). According to this article, the sale is supposed to be final on January 27, 2017.
NYX Opens First Flagship Store - NYX opened its first-ever flagship store today (10/28) in the heart of Union Square (Manhattan).
Estée Lauder to Acquire Becca Cosmetics - I had been hearing rumors that this might happen, but on October 21st it became official. Estée Lauder is purchasing Becca Cosmetics for an undisclosed amount. Estée Lauder adds Becca to their ever-growing portfolio which already includes MAC, GLAMGLOW, Clinique, Bobbi Brown, Smashbox, Tom Ford Beauty, La Mer, Aveda, and more.
Coty to Acquire GHD - in addition to its recent acquisition of several P&G beauty brands (including CoverGirl and Max Factor), Coty is set to acquire GHD for $511 million.
New Sally Hansen Line to Make a Big Splash at the Drugstore Soon - thanks to longtime contributor Marcy for the tip about this one. Sally Hansen is gearing up to unleash a new line of nail polishes at the drugstores called Color Therapy. This line (38 shades plus a top coat and cuticle oil) is already up on the Sally Hansen website here and I'm sure you'll be seeing it in-store at all retailers VERY soon. Apparently, what sets this line apart from their other lines is that the formula contains a "nourishing and moisturizing proprietary oil blend", which explains the "therapy" part of the name.