The most viewed news on our site for the week ended November 26, 2022.
Beauty subscription service Birchbox, which was acquired by FemTec Health for $45 million last year, is rumored to be considering bankruptcy. FemTec Health sent a letter to creditors earlier this month advising them of bankruptcy proceedings and suggested they consider opting into shares of FemTec.
In other news, L’Oreal Groupe launched a luxury beauty brand named Shihyo through third-party joint venture Loshian, in partnership with South Korean hotels and duty-free shops operator Hotel Shilla and Anchor Equity Partners. This is the first time L’Oréal is launching a beauty brand through a joint venture.
Also, Mintel unveiled three key global consumer trends set to impact the beauty industry—and personal care industry—in 2023 and beyond. These trends will impact the beauty industry for the next five years Mintel says.
Here are our top 10 most viewed stories from the past week:
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