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Briefing

Briefing

The latest published updates from across the beauty industry.

David Beckham health brand IM8 receives 10 hundred million US dollars growth financing

The health brand IM8, co-founded by former footballer David Beckham and health science company Prenetics, recently received 10 hundred million US dollars growth financing from Customer Value Fund under venture capital firm General Catalyst. The financing will cover IM7 70% of marketing expenditure, aiming to expand the customer base. General Catalyst will receive a capped share based on customer revenue obtained through the financing, and after the investment and return costs are recovered, IM8 will retain all customer value. Prenetics stated that this cooperation model provides a "third path" beyond equity financing and profit reinvestment, without diluting equity, sharing risks, and with funds specifically used for customer acquisition, repaid only from revenue generated by customers. IM8 was launched in 2024 12, featuring subscription-based supplement drinks Daily Ultimate Essentials and Daily Ultimate Longevity, reportedly with annualized recurring revenue already reaching 2 hundred million US dollars. Prenetics CEO and IM8 co-founder Danny Yeung pointed out that for every 1 US dollar of customer acquisition cost invested, it can bring 1.44 US dollars of gross profit, and this figure is rising month by month. This financing will help IM8 increase brand and marketing investment, while retaining Prenetics' cash for product innovation and clinical research, which has demonstrative significance for the growth model of the health supplement industry.

Kering appoints LVMH Beauty & Fragrance division head as new CEO of Bottega Veneta

Kering announced on 7 month 15 day that it has appointed Romain Spitzer, President and CEO of LVMH's Beauty & Fragrance division, as the new Chief Executive Officer of its brand Bottega Veneta, succeeding Bartolomeo Rongone, who left at the end of 3 month. Spitzer will officially take office on 9 month 1 day, reporting directly to Kering CEO Luca de Meo. Spitzer has extensive experience in the luxury industry, starting at Guerlain in 1995 year, having worked in the fragrance businesses of brands such as Jean Paul Gaultier and Yves Saint Laurent, joining Dior Parfums under LVMH in 2006 year, becoming President and CEO of LVMH Fragrance Brands in 2016 year, and being promoted to head of LVMH's Beauty & Fragrance division in 2025 year 10 month. This cross-group executive change has drawn industry attention, and Kering hopes to leverage Spitzer's leadership in brand building and global operations to drive Bottega Veneta into a new phase of growth.

Paris Hilton becomes the "Gloss Boss" of NYX Professional Makeup, writing a new chapter in the brand's global marketing

NYX Professional Makeup, a cosmetics brand under the L'Oréal Group, recently announced the appointment of socialite-turned-entrepreneur Paris Hilton as the brand's "Gloss Boss," and simultaneously launched the second season of its annual marketing campaign "If You NYX, You Know." Hilton previously participated in the first season of the campaign, and her return will feature alongside multiple celebrities including singer Normani, British reality TV star Toni Laites, Brazilian model Gabriela Moura, and Middle Eastern beauty creator Yusur Al-khalidi. This global marketing initiative centers on social media content and immersive pop-up stores, creating a millennium-era style beauty restaurant where Hilton will offer consumers her signature lip makeup combinations. Hilton stated that lip gloss is the finishing touch to her iconic look and looks forward to conveying confidence and fun through this campaign. NYX Global Brand President Denee Pearson emphasized that the campaign aims to honor the brand community and prove that quality beauty does not require a high price. This move is expected to leverage Hilton's global influence to further strengthen NYX's trendsetting position among young consumers and deepen the brand's mental association with the lip category.

LVMH Beauty and Fragrance Division Head Romain Spitzer Moves to Bottega Veneta

Romain Spitzer, a senior executive in LVMH's beauty division, will leave the French luxury giant to become the chief executive officer of Bottega Veneta, the Italian fashion brand under the Kering Group. Spitzer served at LVMH for 20 years, leading the LVMH Perfumes and Cosmetics Group since 10 month last year, while also serving as CEO of LVMH's perfume brands, overseeing Kenzo Parfums and Parfums Givenchy. He previously managed a portfolio of perfume brands including Loewe Perfumes, Maison Francis Kurkdjian, and Acqua di Parma, and held various positions at Parfums Christian Dior and Jean Paul Gaultier Parfums. In a statement, the Kering Group said that Spitzer will lead Bottega Veneta into an "ambitious new chapter." Luca de Meo, CEO of the Kering Group, stated that Spitzer possesses leadership, vision, and international experience, enabling him to drive the brand into its next stage of development. This personnel change comes after the acquisition of Kering's beauty division by L'Oréal, a deal that includes a 50-year license agreement for Bottega Veneta's beauty and fragrance products. Spitzer's cross-group move has drawn industry attention, and his extensive experience in the fragrance business may bring new strategic perspectives to the development of Bottega Veneta's beauty category.

Andrew Stanleick joins Gauge Capital as Managing Director and Operating Partner

Beauty executive Andrew Stanleick has been appointed Managing Director at Gauge Capital, responsible for consumer sector investments. He previously served as President of Skin Health at Kenvue, CEO of BeautyHealth, and Vice President of Coty Americas, driving growth for brands such as Neutrogena and CoverGirl. The investment portfolio includes Coco & Eve and others. This move reflects the flow of beauty talent into the investment field.

Beauty and fashion industry briefs: Coty restructuring, De Bethune leadership change, Clinique new launch, Converse new release

Coty Group announced executive restructuring to speed up decision-making; Swiss independent watchmaking brand De Bethune appointed Antoine Pin as new CEO; Clinique under Estée Lauder launched the world's first skincare product with recombinant PDRN ingredient in China; Converse launched CHUCK 70 X new product and held an experience event in Shanghai.