Anastasia Beverly Hills’ investment from private equity firm TPG may be the last big makeup deal the beauty world sees for a while.
The transaction, which sources say values the business at $3 billion, follows several other large deals in the makeup space, including L’Oréal’s acquisition of IT Cosmetics for $1.2 billion and the Estée Lauder Cos. Inc. purchase of Too Faced for $1.45 billion. According to experts, Anastasia will likely be the last of this large-scale makeup M&A era.
Penelope Cruz wows in a strapless white @chanelofficial feather dress. She is nominated for Best Movie/Limited Series Supporting Actress for The Assassination of Gianni Versace: American Crime Story. #Emmys
Take a peek into Gucci's new Instagram account (@guccibeauty), which is guided by Creative Director Alessandro Michele’s vision of beauty. In typical Gucci fashion, the account already features a series of artworks spanning across history, ethnicity, culture and geography. It will showcase and promote its new cosmetic launches and fragrances as well as looks from the fashion shows and special collaborations with artists and talents. #wwdbeauty
Photographed by @delphachardphotos