Who topped the 2025 Vogue Business Beauty Index?
Briefly

The 2025 beauty industry faces various challenges, including tariffs and rising ingredient costs, impacting financial performances. Puig excels with strong sales in the fragrance and skincare sectors, while Estée Lauder struggles with declining travel retail and sales growth. Price hikes are anticipated to deter 35% of consumers from purchasing beauty products. Nonetheless, the merger and acquisition landscape shows promise, with significant deals such as L'Oréal's stake in Medik8 and Elf Beauty's acquisition of Rhode indicating vitality in the market.
The 2025 beauty landscape has been turbulent, with companies like Puig thriving due to strong sales while Estée Lauder struggled amidst price hikes and uncertainty.
Thirty-five percent of consumers expect to purchase beauty products less frequently if prices rise, indicating economic sensitivity affecting purchasing behavior.
Hope is seen in the M&A landscape, with L'Oréal's major acquisitions and Elf Beauty's $1 billion acquisition of Rhode, highlighting ongoing industry activity.
Tariffs and ingredient sourcing challenges persist as significant concerns for brands, affecting financial performance and consumer purchasing decisions in the beauty industry.
Read at Vogue Business
[
|
]