Five Themes Shaping the Global Beauty Industry

Will the Debt Ceiling Fight Crash Retail’s Party? ~/AAAHagA~/RgRmVBTZP0SLaHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tLz91dG1fc291cmNlPW5ld3NsZXR0ZXJfZGFpbHlkaWdlc3QmdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249RGFpbHlfRGlnZXN0XzI3MDUyMyZ1dG1fY29udGVudD1ib2ZfbG9nb1cFc3BjZXVCCmRm2Y9xZGOM3vhSG3RyaXN0cmFtYmFsZHdpbjkwQGdtYWlsLmNvbVgEAAAAJA~~ ADVERTISEMENT ~/AAAHagA~/RgRmVBTZP0QWaHR0cHM6Ly9iaXQubHkvM0lpRXJxb1cFc3BjZXVCCmRm2Y9xZGOM3vhSG3RyaXN0cmFtYmFsZHdpbjkwQGdtYWlsLmNvbVgEAAAAJA~~ WHAT YOU NEED TO KNOW TODAY: SATURDAY, MAY 27, 2023 - This week on The BoF Podcast, editor-in-chief Imran Amed and Priya Rao, executive editor of The Business of Beauty, [break down the themes shaping the beauty industry.](~/AAAHagA~/RgRmVBTZP0TXaHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL3BvZGNhc3RzL2JlYXV0eS90aGUtYm9mLXBvZGNhc3QtZml2ZS10aGVtZXMtc2hhcGluZy10aGUtZ2xvYmFsLWJlYXV0eS1pbmR1c3RyeS8_dXRtX3NvdXJjZT1uZXdzbGV0dGVyX2RhaWx5ZGlnZXN0JnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPURhaWx5X0RpZ2VzdF8yNzA1MjMmdXRtX2NvbnRlbnQ9aW50cm9XBXNwY2V1QgpkZtmPcWRjjN74Uht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAACQ~) - A potential US debt default threatens to [spoil a surprisingly strong run by major retailers,](~/AAAHagA~/RgRmVBTZP0TXaHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL2JyaWVmaW5ncy90aGlzLXdlZWstaW4tZmFzaGlvbi93aWxsLXRoZS1kZWJ0LWNlaWxpbmctZmlnaHQtY3Jhc2gtcmV0YWlscy1wYXJ0eS8_dXRtX3NvdXJjZT1uZXdzbGV0dGVyX2RhaWx5ZGlnZXN0JnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPURhaWx5X0RpZ2VzdF8yNzA1MjMmdXRtX2NvbnRlbnQ9aW50cm9XBXNwY2V1QgpkZtmPcWRjjN74Uht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAACQ~) which are seeing resilient consumer spending. - Asos raised new funding after earlier this month [reporting a £291 million loss](~/AAAHagA~/RgRmVBTZP0S9aHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL25ld3MvcmV0YWlsL2Fzb3MtcmFpc2VzLWZ1bmRzLWFmdGVyLTI5MS1taWxsaW9uLWxvc3MvP3V0bV9zb3VyY2U9bmV3c2xldHRlcl9kYWlseWRpZ2VzdCZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1EYWlseV9EaWdlc3RfMjcwNTIzJnV0bV9jb250ZW50PWludHJvVwVzcGNldUIKZGbZj3FkY4ze-FIbdHJpc3RyYW1iYWxkd2luOTBAZ21haWwuY29tWAQAAAAk) in the six months to February 28. TOP STORIES [BEAUTY](~/AAAHagA~/RgRmVBTZP0TFaHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL3RvcGljcy9iZWF1dHk_dXRtX3NvdXJjZT1uZXdzbGV0dGVyX2RhaWx5ZGlnZXN0JnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPURhaWx5X0RpZ2VzdF8yNzA1MjMmdXRtX3Rlcm09T1pMU1pKSktXQkNYVE1WUUhVUUdBT0pCSkUmdXRtX2NvbnRlbnQ9dG9wX3N0b3J5XzFfdG9waWNXBXNwY2V1QgpkZtmPcWRjjN74Uht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAACQ~) [The BoF Podcast | Five Themes Shaping the Global Beauty Industry](~/AAAHagA~/RgRmVBTZP4QHAWh0dHBzOi8vd3d3LmJ1c2luZXNzb2ZmYXNoaW9uLmNvbS9wb2RjYXN0cy9iZWF1dHkvdGhlLWJvZi1wb2RjYXN0LWZpdmUtdGhlbWVzLXNoYXBpbmctdGhlLWdsb2JhbC1iZWF1dHktaW5kdXN0cnkvP3V0bV9zb3VyY2U9bmV3c2xldHRlcl9kYWlseWRpZ2VzdCZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1EYWlseV9EaWdlc3RfMjcwNTIzJnV0bV90ZXJtPU9aTFNaSkpLV0JDWFRNVlFIVVFHQU9KQkpFJnV0bV9jb250ZW50PXRvcF9zdG9yeV8xX3RpdGxlVwVzcGNldUIKZGbZj3FkY4ze-FIbdHJpc3RyYW1iYWxkd2luOTBAZ21haWwuY29tWAQAAAAk) By BoF Team ~/AAAHagA~/RgRmVBTZP4QHAWh0dHBzOi8vd3d3LmJ1c2luZXNzb2ZmYXNoaW9uLmNvbS9wb2RjYXN0cy9iZWF1dHkvdGhlLWJvZi1wb2RjYXN0LWZpdmUtdGhlbWVzLXNoYXBpbmctdGhlLWdsb2JhbC1iZWF1dHktaW5kdXN0cnkvP3V0bV9zb3VyY2U9bmV3c2xldHRlcl9kYWlseWRpZ2VzdCZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1EYWlseV9EaWdlc3RfMjcwNTIzJnV0bV90ZXJtPU9aTFNaSkpLV0JDWFRNVlFIVVFHQU9KQkpFJnV0bV9jb250ZW50PXRvcF9zdG9yeV8xX2ltYWdlVwVzcGNldUIKZGbZj3FkY4ze-FIbdHJpc3RyYW1iYWxkd2luOTBAZ21haWwuY29tWAQAAAAk [BoF’s Imran Amed sits down with Priya Rao, executive editor of The Business of Beauty, to go inside the findings of our new report ‘The State of Fashion: Beauty.’](~/AAAHagA~/RgRmVBTZP4QFAWh0dHBzOi8vd3d3LmJ1c2luZXNzb2ZmYXNoaW9uLmNvbS9wb2RjYXN0cy9iZWF1dHkvdGhlLWJvZi1wb2RjYXN0LWZpdmUtdGhlbWVzLXNoYXBpbmctdGhlLWdsb2JhbC1iZWF1dHktaW5kdXN0cnkvP3V0bV9zb3VyY2U9bmV3c2xldHRlcl9kYWlseWRpZ2VzdCZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1EYWlseV9EaWdlc3RfMjcwNTIzJnV0bV90ZXJtPU9aTFNaSkpLV0JDWFRNVlFIVVFHQU9KQkpFJnV0bV9jb250ZW50PXRvcF9zdG9yeV8xX2Rla1cFc3BjZXVCCmRm2Y9xZGOM3vhSG3RyaXN0cmFtYmFsZHdpbjkwQGdtYWlsLmNvbVgEAAAAJA~~) [READ MORE](~/AAAHagA~/RgRmVBTZP4QFAWh0dHBzOi8vd3d3LmJ1c2luZXNzb2ZmYXNoaW9uLmNvbS9wb2RjYXN0cy9iZWF1dHkvdGhlLWJvZi1wb2RjYXN0LWZpdmUtdGhlbWVzLXNoYXBpbmctdGhlLWdsb2JhbC1iZWF1dHktaW5kdXN0cnkvP3V0bV9zb3VyY2U9bmV3c2xldHRlcl9kYWlseWRpZ2VzdCZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1EYWlseV9EaWdlc3RfMjcwNTIzJnV0bV90ZXJtPU9aTFNaSkpLV0JDWFRNVlFIVVFHQU9KQkpFJnV0bV9jb250ZW50PXRvcF9zdG9yeV8xX2N0YVcFc3BjZXVCCmRm2Y9xZGOM3vhSG3RyaXN0cmFtYmFsZHdpbjkwQGdtYWlsLmNvbVgEAAAAJA~~) [THIS WEEK IN FASHION](~/AAAHagA~/RgRmVBTZP0TZaHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL3Byb2Zlc3Npb25hbC90aGlzLXdlZWstaW4tZmFzaGlvbj91dG1fc291cmNlPW5ld3NsZXR0ZXJfZGFpbHlkaWdlc3QmdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249RGFpbHlfRGlnZXN0XzI3MDUyMyZ1dG1fdGVybT1TREU0QU5YVzdaQVZISDdVSzdZWlI1V1pPVSZ1dG1fY29udGVudD10b3Bfc3RvcnlfMl90b3BpY1cFc3BjZXVCCmRm2Y9xZGOM3vhSG3RyaXN0cmFtYmFsZHdpbjkwQGdtYWlsLmNvbVgEAAAAJA~~) [Will the Debt Ceiling Fight Crash Retail’s Party?](~/AAAHagA~/RgRmVBTZP4QHAWh0dHBzOi8vd3d3LmJ1c2luZXNzb2ZmYXNoaW9uLmNvbS9icmllZmluZ3MvdGhpcy13ZWVrLWluLWZhc2hpb24vd2lsbC10aGUtZGVidC1jZWlsaW5nLWZpZ2h0LWNyYXNoLXJldGFpbHMtcGFydHkvP3V0bV9zb3VyY2U9bmV3c2xldHRlcl9kYWlseWRpZ2VzdCZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1EYWlseV9EaWdlc3RfMjcwNTIzJnV0bV90ZXJtPVNERTRBTlhXN1pBVkhIN1VLN1laUjVXWk9VJnV0bV9jb250ZW50PXRvcF9zdG9yeV8yX3RpdGxlVwVzcGNldUIKZGbZj3FkY4ze-FIbdHJpc3RyYW1iYWxkd2luOTBAZ21haWwuY29tWAQAAAAk) By Diana Pearl ~/AAAHagA~/RgRmVBTZP4QHAWh0dHBzOi8vd3d3LmJ1c2luZXNzb2ZmYXNoaW9uLmNvbS9icmllZmluZ3MvdGhpcy13ZWVrLWluLWZhc2hpb24vd2lsbC10aGUtZGVidC1jZWlsaW5nLWZpZ2h0LWNyYXNoLXJldGFpbHMtcGFydHkvP3V0bV9zb3VyY2U9bmV3c2xldHRlcl9kYWlseWRpZ2VzdCZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1EYWlseV9EaWdlc3RfMjcwNTIzJnV0bV90ZXJtPVNERTRBTlhXN1pBVkhIN1VLN1laUjVXWk9VJnV0bV9jb250ZW50PXRvcF9zdG9yeV8yX2ltYWdlVwVzcGNldUIKZGbZj3FkY4ze-FIbdHJpc3RyYW1iYWxkd2luOTBAZ21haWwuY29tWAQAAAAk [A potential US debt default threatens to spoil a surprisingly strong run by major retailers, which are seeing resilient consumer spending.](~/AAAHagA~/RgRmVBTZP4QFAWh0dHBzOi8vd3d3LmJ1c2luZXNzb2ZmYXNoaW9uLmNvbS9icmllZmluZ3MvdGhpcy13ZWVrLWluLWZhc2hpb24vd2lsbC10aGUtZGVidC1jZWlsaW5nLWZpZ2h0LWNyYXNoLXJldGFpbHMtcGFydHkvP3V0bV9zb3VyY2U9bmV3c2xldHRlcl9kYWlseWRpZ2VzdCZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1EYWlseV9EaWdlc3RfMjcwNTIzJnV0bV90ZXJtPVNERTRBTlhXN1pBVkhIN1VLN1laUjVXWk9VJnV0bV9jb250ZW50PXRvcF9zdG9yeV8yX2Rla1cFc3BjZXVCCmRm2Y9xZGOM3vhSG3RyaXN0cmFtYmFsZHdpbjkwQGdtYWlsLmNvbVgEAAAAJA~~) [READ MORE](~/AAAHagA~/RgRmVBTZP4QFAWh0dHBzOi8vd3d3LmJ1c2luZXNzb2ZmYXNoaW9uLmNvbS9icmllZmluZ3MvdGhpcy13ZWVrLWluLWZhc2hpb24vd2lsbC10aGUtZGVidC1jZWlsaW5nLWZpZ2h0LWNyYXNoLXJldGFpbHMtcGFydHkvP3V0bV9zb3VyY2U9bmV3c2xldHRlcl9kYWlseWRpZ2VzdCZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1EYWlseV9EaWdlc3RfMjcwNTIzJnV0bV90ZXJtPVNERTRBTlhXN1pBVkhIN1VLN1laUjVXWk9VJnV0bV9jb250ZW50PXRvcF9zdG9yeV8yX2N0YVcFc3BjZXVCCmRm2Y9xZGOM3vhSG3RyaXN0cmFtYmFsZHdpbjkwQGdtYWlsLmNvbVgEAAAAJA~~) [NEWS & ANALYSIS](~/AAAHagA~/RgRmVBTZP0TMaHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL3RvcGljcy9uZXdzLWFuYWx5c2lzP3V0bV9zb3VyY2U9bmV3c2xldHRlcl9kYWlseWRpZ2VzdCZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1EYWlseV9EaWdlc3RfMjcwNTIzJnV0bV90ZXJtPTJUT0hHR0FITFpHNjVIQ05DWkxPTDM2T0U0JnV0bV9jb250ZW50PXRvcF9zdG9yeV8zX3RvcGljVwVzcGNldUIKZGbZj3FkY4ze-FIbdHJpc3RyYW1iYWxkd2luOTBAZ21haWwuY29tWAQAAAAk) [‘Bolder Than Ever’: Cannes Fuses Film and Glamour in Unofficial Fashion Week](~/AAAHagA~/RgRmVBTZP4QZAWh0dHBzOi8vd3d3LmJ1c2luZXNzb2ZmYXNoaW9uLmNvbS9hcnRpY2xlcy9uZXdzLWFuYWx5c2lzL2JvbGRlci10aGFuLWV2ZXItY2FubmVzLWZ1c2VzLWZpbG0tYW5kLWdsYW1vdXItaW4tdW5vZmZpY2lhbC1mYXNoaW9uLXdlZWsvP3V0bV9zb3VyY2U9bmV3c2xldHRlcl9kYWlseWRpZ2VzdCZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1EYWlseV9EaWdlc3RfMjcwNTIzJnV0bV90ZXJtPTJUT0hHR0FITFpHNjVIQ05DWkxPTDM2T0U0JnV0bV9jb250ZW50PXRvcF9zdG9yeV8zX3RpdGxlVwVzcGNldUIKZGbZj3FkY4ze-FIbdHJpc3RyYW1iYWxkd2luOTBAZ21haWwuY29tWAQAAAAk) By The Guardian [The film festival is no stranger to high fashion, but this year it has prompted new levels of fashion hysteria.](~/AAAHagA~/RgRmVBTZP4QXAWh0dHBzOi8vd3d3LmJ1c2luZXNzb2ZmYXNoaW9uLmNvbS9hcnRpY2xlcy9uZXdzLWFuYWx5c2lzL2JvbGRlci10aGFuLWV2ZXItY2FubmVzLWZ1c2VzLWZpbG0tYW5kLWdsYW1vdXItaW4tdW5vZmZpY2lhbC1mYXNoaW9uLXdlZWsvP3V0bV9zb3VyY2U9bmV3c2xldHRlcl9kYWlseWRpZ2VzdCZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1EYWlseV9EaWdlc3RfMjcwNTIzJnV0bV90ZXJtPTJUT0hHR0FITFpHNjVIQ05DWkxPTDM2T0U0JnV0bV9jb250ZW50PXRvcF9zdG9yeV8zX2Rla1cFc3BjZXVCCmRm2Y9xZGOM3vhSG3RyaXN0cmFtYmFsZHdpbjkwQGdtYWlsLmNvbVgEAAAAJA~~) [READ MORE](~/AAAHagA~/RgRmVBTZP4QXAWh0dHBzOi8vd3d3LmJ1c2luZXNzb2ZmYXNoaW9uLmNvbS9hcnRpY2xlcy9uZXdzLWFuYWx5c2lzL2JvbGRlci10aGFuLWV2ZXItY2FubmVzLWZ1c2VzLWZpbG0tYW5kLWdsYW1vdXItaW4tdW5vZmZpY2lhbC1mYXNoaW9uLXdlZWsvP3V0bV9zb3VyY2U9bmV3c2xldHRlcl9kYWlseWRpZ2VzdCZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1EYWlseV9EaWdlc3RfMjcwNTIzJnV0bV90ZXJtPTJUT0hHR0FITFpHNjVIQ05DWkxPTDM2T0U0JnV0bV9jb250ZW50PXRvcF9zdG9yeV8zX2N0YVcFc3BjZXVCCmRm2Y9xZGOM3vhSG3RyaXN0cmFtYmFsZHdpbjkwQGdtYWlsLmNvbVgEAAAAJA~~) [BoF PROFESSIONAL Join now and enjoy your first 30 days for just $/£/€1](~/AAAHagA~/RgRmVBTZP0SoaHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL21lbWJlcnNoaXBzL3BhY2thZ2VzP3V0bV9zb3VyY2U9bmV3c2xldHRlcl9kYWlseWRpZ2VzdCZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1EYWlseV9EaWdlc3RfMjcwNTIzJnV0bV9jb250ZW50PWJvZnByb19tb2R1bGVfY3RhVwVzcGNldUIKZGbZj3FkY4ze-FIbdHJpc3RyYW1iYWxkd2luOTBAZ21haWwuY29tWAQAAAAk) [START TRIAL](~/AAAHagA~/RgRmVBTZP0SoaHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL21lbWJlcnNoaXBzL3BhY2thZ2VzP3V0bV9zb3VyY2U9bmV3c2xldHRlcl9kYWlseWRpZ2VzdCZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1EYWlseV9EaWdlc3RfMjcwNTIzJnV0bV9jb250ZW50PWJvZnByb19tb2R1bGVfY3RhVwVzcGNldUIKZGbZj3FkY4ze-FIbdHJpc3RyYW1iYWxkd2luOTBAZ21haWwuY29tWAQAAAAk) NEWS BRIEFS - [Ulta Beauty Cuts Annual Operating Margin Forecast on Cost, Inventory Woes](~/AAAHagA~/RgRmVBTZP4QHAWh0dHBzOi8vd3d3LmJ1c2luZXNzb2ZmYXNoaW9uLmNvbS9uZXdzL2JlYXV0eS91bHRhLWJlYXV0eS1jdXRzLWFubnVhbC1vcGVyYXRpbmctbWFyZ2luLWZvcmVjYXN0LW9uLWNvc3QtaW52ZW50b3J5LXdvZXMvP3V0bV9zb3VyY2U9bmV3c2xldHRlcl9kYWlseWRpZ2VzdCZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1EYWlseV9EaWdlc3RfMjcwNTIzJnV0bV90ZXJtPTJRSU1BS0FHUE5HRVBQVE9DM0xGR0xKUExZJnV0bV9jb250ZW50PW5ld3NicmllZl8xVwVzcGNldUIKZGbZj3FkY4ze-FIbdHJpc3RyYW1iYWxkd2luOTBAZ21haWwuY29tWAQAAAAk) - [Asos Raises Funds After £291 Million Loss](~/AAAHagA~/RgRmVBTZP0TnaHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL25ld3MvcmV0YWlsL2Fzb3MtcmFpc2VzLWZ1bmRzLWFmdGVyLTI5MS1taWxsaW9uLWxvc3MvP3V0bV9zb3VyY2U9bmV3c2xldHRlcl9kYWlseWRpZ2VzdCZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1EYWlseV9EaWdlc3RfMjcwNTIzJnV0bV90ZXJtPUVFSUhBU0ZYM0pGQlpDM0xDSUhBR0JGSE5VJnV0bV9jb250ZW50PW5ld3NicmllZl8yVwVzcGNldUIKZGbZj3FkY4ze-FIbdHJpc3RyYW1iYWxkd2luOTBAZ21haWwuY29tWAQAAAAk) - [UK Shoppers Boost Spending Despite Inflation](~/AAAHagA~/RgRmVBTZP0TraHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL25ld3MvcmV0YWlsL3VrLXNob3BwZXJzLWJvb3N0LXNwZW5kaW5nLWRlc3BpdGUtaW5mbGF0aW9uLz91dG1fc291cmNlPW5ld3NsZXR0ZXJfZGFpbHlkaWdlc3QmdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249RGFpbHlfRGlnZXN0XzI3MDUyMyZ1dG1fdGVybT1GNjRWSllBVTZKR0wzSlczVTJRVVdVQ1E2QSZ1dG1fY29udGVudD1uZXdzYnJpZWZfM1cFc3BjZXVCCmRm2Y9xZGOM3vhSG3RyaXN0cmFtYmFsZHdpbjkwQGdtYWlsLmNvbVgEAAAAJA~~) - [Pinduoduo Owner PDD Rides Discount Wave to Beat Revenue 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