Executive Summary - discusses as-found condition and recommendation in six sentences or less. In 2020, the global black hair care market was estimated at $2.5B. The Fashion & Leather Goods business group recorded a decline in organic revenue of 10% in the first quarter of 2020 in a market environment defined by store closures in several regions around the world. By geography, Asia Pacific and North America dominate . Still, if Fenty Beauty products are selling up to $500 million a year, the Grammy award winner would still be earning a cool $50 million, which isn't bad but if you're already going to present the business as your own, one may as well own a 100 percent stake similar to the Kardashians. Cosmetics Marketing Strategies for Your Ecommerce - SwiftERM 3. Speaking of competition, LVMH lifting the curtain a bit on Fenty Beauty's financials will help distance the brand from its biggest rival, Kylie . Sales of make-up were in decline in 2019, with 31 per cent of us who wear it buying colour cosmetics less frequently compared to 2018, and while modest consumption may continue, 2020 looks set to . Consumers cite the convenience of Amazon's website, easy navigation, and service as the main reasons they choose Amazon over Walmart. Fenty Beauty is not a 100% vegan brand. The Great Britain toiletries and cosmetic industry sales stood at £8.7 billion in 2020, this is £580 million less than 2019. Fenty Beauty's Founder & CEO, Robyn Rihanna, currently has an approval rating of 99%. Brief Company Description - the business name, location, primary business, who you interviewed and their title/positon. . This is also bolstered by its Prime membership program. Beauty Industry: Cosmetic Market Share, Trends, and Statistics Key stats: Rihanna's billion-dollar Fenty marketing playbook | Ad Age In 2017, the Fenty Beauty brand launched with 40 shades of foundation, spurring on the rest of the industry to recognise that inclusivity should be standard, and . The UK organic beauty industry has recorded 10 years of sales growth, with sales in 2020 standing at £120 million. 155 North Lake Avenue, Suite 800. Buying a business, some people would do that, and we started from zero to almost 500 million in revenue. Fenty's annual revenues are $1-$10 million (see exact revenue data) and has 1-10 employees. LVMH, the world's leading luxury products group, gathers 75 prestigious brands, with 64.2 billion euros revenue in 2021 and a retail network of over 5,500 stores worldwide.