https://carrara-advisory.com/articles daily 0.75 2026-10-09 https://carrara-advisory.com/articles/40-korean-skincare-brands-and-who-owns-them monthly 0.5 2026-10-09 https://images.squarespace-cdn.com/content/v1/66f659c063aa7874eace6170/d4a3e587-4a65-4f03-8fed-dc2e6843176f/korean+brands+blog.png Articles - 40 Korean Skincare Brands and Who Owns Them - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/66f659c063aa7874eace6170/f840b988-7aea-49c8-98e4-dfbe78c041dc/table+1.png Articles - 40 Korean Skincare Brands and Who Owns Them - Make it stand out Table 1: Legacy and conglomerate brands COSRX was bought at a valuation the sellers were very happy with. Amorepacific paid KRW 755.1 billion for the remaining shares, after taking 38.4% in 2021, to reach 93.2% ownership. At the time, North America made up about 48% of its revenue. Its 2025 was messier, which comes up below. https://images.squarespace-cdn.com/content/v1/66f659c063aa7874eace6170/a1ba7f64-cd4a-4daa-913e-03450e28ee47/table+2.png Articles - 40 Korean Skincare Brands and Who Owns Them - Make it stand out Table 2: Challengers and independents The size bands for the independents come from retail footprint and distributor disclosures, not filings. The retail facts are better documented. Ulta added VT Cosmetics, I'm From, Some By Mi, Mixsoon, Sungboon, Neogen, Chasin Rabbits and Medicube in 2025, after bringing in Anua, Etude, Isntree, and Round Lab earlier in the year. Target carries Mediheal, Round Lab, Skin1004, Ma:nyo, Torriden and Beauty of Joseon, and added Numbuzin. https://images.squarespace-cdn.com/content/v1/66f659c063aa7874eace6170/3c4b0f66-dd6d-40cd-8182-d1a14673a98e/korean+brands+newsletter.png Articles - 40 Korean Skincare Brands and Who Owns Them - Make it stand out Each brand is placed by the typical U.S. list price of its hero product (horizontal axis) and by how clinical its positioning is (vertical axis, scored from minus two to plus two). Clinical orientation runs from botanical or heritage claims at the bottom to derma and device based claims at the top. Brand names are colored by owner type: black bold for conglomerate owned brands, blue bold for scaled challengers (Medicube, Anua, and the Goodai and Benow brands), and purple for independents and smaller brands. https://carrara-advisory.com/articles/winners-and-laggards-beauty-in-h1-2026 monthly 0.5 2026-09-14 https://images.squarespace-cdn.com/content/v1/66f659c063aa7874eace6170/5d4b144d-27b3-4ff1-9a15-4a0eb223a3cf/blog.png Articles - Winners and Laggards: Beauty in H1 2026 - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/66f659c063aa7874eace6170/bfe739ec-0488-450d-a895-1a2151ac55f1/table+1.png Articles - Winners and Laggards: Beauty in H1 2026 - Make it stand out Exhibit 1. The four largest companies in the CARRARA Advisory beauty benchmark, ranked by H1 2026 revenue in USD million at constant exchange rates. Source: CARRARA Advisory analysis. https://images.squarespace-cdn.com/content/v1/66f659c063aa7874eace6170/07367f95-6659-44f5-b690-ceb32108d2af/table+2.png Articles - Winners and Laggards: Beauty in H1 2026 - Make it stand out Exhibit 2. The high growth cohort of the benchmark, led by dermatology and mass value skincare. Revenue in USD million at constant exchange rates. Source: CARRARA Advisory analysis. https://images.squarespace-cdn.com/content/v1/66f659c063aa7874eace6170/e8c75080-824b-46be-aa84-709da26f120e/table+3.png Articles - Winners and Laggards: Beauty in H1 2026 - Make it stand out Exhibit 3. Asian heritage and domestic champions in the benchmark. Revenue in USD million at constant exchange rates. Source: CARRARA Advisory analysis. https://images.squarespace-cdn.com/content/v1/66f659c063aa7874eace6170/655667f8-95ab-4cfe-a492-12b805bc9d23/table+4.png Articles - Winners and Laggards: Beauty in H1 2026 - Make it stand out Exhibit 4. Fragrance weighted and mid cap specialists in the benchmark. Revenue in USD million at constant exchange rates. Source: CARRARA Advisory analysis. https://carrara-advisory.com/articles/the-deal-machine-beauty-and-wellness-mampa-multiples-decoded monthly 0.5 2026-07-21 https://images.squarespace-cdn.com/content/v1/66f659c063aa7874eace6170/082b7828-0bb5-41b2-96f3-1c2ec66ae2eb/blog.png Articles - The Deal Machine: Beauty and Wellness M&A Multiples, Decoded - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/66f659c063aa7874eace6170/d8a1a3c0-cc32-4cad-9e11-77f1aabd9e11/multiples+by+year.png Articles - The Deal Machine: Beauty and Wellness M&A Multiples, Decoded - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/66f659c063aa7874eace6170/fb7aa924-3a89-473f-9c6b-e0e189afc84d/multiples+by+category.png Articles - The Deal Machine: Beauty and Wellness M&A Multiples, Decoded - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/66f659c063aa7874eace6170/4e9fc884-9ba5-478e-beed-de5863319ce9/EBITDA+margin.png Articles - The Deal Machine: Beauty and Wellness M&A Multiples, Decoded - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/66f659c063aa7874eace6170/db796ddb-37f7-4bf0-841d-11d3e0ddcb43/acquirer+type.png Articles - The Deal Machine: Beauty and Wellness M&A Multiples, Decoded - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://carrara-advisory.com/articles/from-appearance-to-affect-the-neuro-emotional-pivot-in-prestige-beauty monthly 0.5 2026-07-13 https://images.squarespace-cdn.com/content/v1/66f659c063aa7874eace6170/cde12610-8593-4231-8c45-841158b66c07/neuro+blog.png Articles - From Appearance to Affect: The Neuro-Emotional Pivot in Prestige Beauty - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/66f659c063aa7874eace6170/97fdd1e1-3e2a-4d39-ac41-755de3df3943/table+1.png Articles - From Appearance to Affect: The Neuro-Emotional Pivot in Prestige Beauty - Make it stand out Exhibit 1: Consumer Demand for Functional Benefits in Body Care (2023, US) Source: Givaudan Active Beauty Research 2023. https://images.squarespace-cdn.com/content/v1/66f659c063aa7874eace6170/c1f307dc-904c-467b-80ec-d4ad2f780912/neurowellness+architecture.png Articles - From Appearance to Affect: The Neuro-Emotional Pivot in Prestige Beauty - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/66f659c063aa7874eace6170/0243d039-1464-4b06-8372-1c8303f77f1f/table+2.png Articles - From Appearance to Affect: The Neuro-Emotional Pivot in Prestige Beauty - Make it stand out Exhibit 2: Search Interest Index, Selected Months (Google Trends, 100 = peak in series) Source: Google Trends data supplied by client, 12/2019 to 5/2026. https://images.squarespace-cdn.com/content/v1/66f659c063aa7874eace6170/490fdf6c-1a51-4fc4-85f8-f062a53713f0/google+searches.png Articles - From Appearance to Affect: The Neuro-Emotional Pivot in Prestige Beauty - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://carrara-advisory.com/articles/the-e3volution-framework-why-every-entry-decision-shapes-the-exit monthly 0.5 2026-07-10 https://images.squarespace-cdn.com/content/v1/66f659c063aa7874eace6170/95832b9b-1fec-4321-adbb-b3d5edb466c1/blog+e3.png Articles - The E3volution Framework™: Why Every Entry Decision Shapes the Exit - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://carrara-advisory.com/articles/from-excess-to-wonder-how-necessity-will-redefine-luxury monthly 0.5 2026-07-07 https://images.squarespace-cdn.com/content/v1/66f659c063aa7874eace6170/ad0f1e81-7b03-4901-b2e2-4d324df02c56/blog+PPWR.png Articles - From Excess to Wonder: How Necessity Will Redefine Luxury - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://carrara-advisory.com/articles/the-battle-for-beautys-middleman-margin monthly 0.5 2026-06-23 https://images.squarespace-cdn.com/content/v1/66f659c063aa7874eace6170/38200315-ac9a-475d-a785-050028fd2394/article.png Articles - The Battle for Beauty's Middleman Margin - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://carrara-advisory.com/articles/the-deal-machine-understanding-mampa-in-beauty-and-wellness monthly 0.5 2026-07-14 https://images.squarespace-cdn.com/content/v1/66f659c063aa7874eace6170/52bd7e43-312c-4353-93ea-392b2895708a/blog.png Articles - The Deal Machine: Understanding M&A in Beauty and Wellness - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/66f659c063aa7874eace6170/334eea44-f13e-4d70-b6b4-e0ab956e0d87/Q1.png Articles - The Deal Machine: Understanding M&A in Beauty and Wellness - Make it stand out Exhibit 1: Transaction volume, Q1 (January–March) by year and category. Beauty Retail, Manufacturing/Suppliers, Nutraceuticals, and Nutricosmetics were tracked as separate categories only from approximately 2023; prior transactions in these categories are included within Others. https://images.squarespace-cdn.com/content/v1/66f659c063aa7874eace6170/e19a134a-f3d3-4fdb-aed9-67faee5f5e07/split.png Articles - The Deal Machine: Understanding M&A in Beauty and Wellness - Make it stand out Exhibit 2: Full-year transaction volume by year and category (2026 reflects Q1 only). * Others includes digital platforms, apps, and services, as well as Beauty Retail and Nutricosmetics for years prior to 2023 when those categories were not tracked separately. † Full-year totals reflect the master transaction count and may differ from the sum of category columns due to deals not yet assigned to a specific category at time of publication. https://images.squarespace-cdn.com/content/v1/66f659c063aa7874eace6170/4697e819-cb7c-4253-ab08-74fd8455031b/year.png Articles - The Deal Machine: Understanding M&A in Beauty and Wellness - Make it stand out Exhibit 3: Annual transaction volume versus beauty industry revenue growth and global GDP growth. The Deals / Beauty Growth Point ratio is calculated as total transactions divided by the beauty YoY growth rate in percentage points; n/m indicates not meaningful due to negative beauty growth. Beauty growth figures are global industry estimates; GDP growth figures are IMF World Economic Outlook data. https://carrara-advisory.com/articles/q1-2026-results-signal-a-sector-in-structural-transition monthly 0.5 2026-05-21 https://images.squarespace-cdn.com/content/v1/66f659c063aa7874eace6170/856191f0-a671-4772-b70f-b3d97598f0e2/Q1+26+BLOG.png Articles - Q1 2026 Results Signal a Sector in Structural Transition - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/66f659c063aa7874eace6170/2bc36728-693b-41a0-8722-1ffd664b80be/bars.png Articles - Q1 2026 Results Signal a Sector in Structural Transition - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/66f659c063aa7874eace6170/ef42483b-7ae0-44bb-8722-8593289f008c/balls.png Articles - Q1 2026 Results Signal a Sector in Structural Transition - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://carrara-advisory.com/articles/beauty-private-label-beauty-success-stories-innovations-and-award-winning-products monthly 0.5 2026-05-12 https://images.squarespace-cdn.com/content/v1/66f659c063aa7874eace6170/7447723d-ef5a-44a5-a9ed-7236c08b0f48/PL+Blog+2.png Articles - Beauty Private Label Beauty: Success Stories, Innovations, and Award-Winning Products - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://carrara-advisory.com/articles/the-strategic-reinvention-of-private-label-in-beauty-and-wellness monthly 0.5 2026-05-12 https://images.squarespace-cdn.com/content/v1/66f659c063aa7874eace6170/5925a523-5e90-4885-a7cf-1e5d2a1dffec/PL+blog.png Articles - The Strategic Reinvention of Private Label in Beauty and Wellness - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/66f659c063aa7874eace6170/2a432710-989f-46e1-8236-63f787af67e8/PL+table.png Articles - The Strategic Reinvention of Private Label in Beauty and Wellness - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://carrara-advisory.com/articles/beauty-tech-devices-the-strategic-bet-behind-beautys-operating-layer monthly 0.5 2026-04-03 https://images.squarespace-cdn.com/content/v1/66f659c063aa7874eace6170/719a5dbc-d7e4-46e7-8cfc-32444cce493a/device+blog.png Articles - 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NORMAL: The Discount Retailer Reaches €2Bn in Half the Time of ACTION - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/66f659c063aa7874eace6170/41ee9c05-e91f-46ed-b12b-6ca945085dde/graph2+back.png Articles - NORMAL: The Discount Retailer Reaches €2Bn in Half the Time of ACTION - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://carrara-advisory.com/articles/beauty-under-siege-tariffs-trade-wars-and-the-weight-of-geopolitical-disruption monthly 0.5 2026-03-12 https://images.squarespace-cdn.com/content/v1/66f659c063aa7874eace6170/691c0aa3-20fe-4912-b743-f2531dc743d8/tariff.png Articles - Beauty Under Siege: Tariffs, Trade Wars, and the Weight of Geopolitical Disruption - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/66f659c063aa7874eace6170/859c0f61-6426-4733-a9a1-8947f65c78a7/Tab1.png Articles - 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Performance: The Financial Backbone of Kering’s Transformation - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/66f659c063aa7874eace6170/f81b2ff7-9992-452f-a612-dd86ace93e87/inventory+2.png Articles - Performance: The Financial Backbone of Kering’s Transformation - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/66f659c063aa7874eace6170/7c24f5e0-c108-43fe-acff-b3cdd796fc06/working+capital.png Articles - Performance: The Financial Backbone of Kering’s Transformation - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/66f659c063aa7874eace6170/bb942815-51ef-4d49-b63d-e9ca388f537f/returns.png Articles - Performance: The Financial Backbone of Kering’s Transformation - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://carrara-advisory.com/articles/reinvention-kerings-strategic-transformation monthly 0.5 2025-11-05 https://images.squarespace-cdn.com/content/v1/66f659c063aa7874eace6170/b324b1ca-846d-4298-beb7-46ff0353dc02/kering+m+and+a.png Articles - 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