Unsurprisingly, L'Oreal and Estee Lauder have continued with substantial M&A activity, notably with L'Oreal's purchase of It Cosmetics and Estee Lauder's purchase of Too Faced and Becca. Shiseido has also been busy, creating a new prestige makeup division and purchasing Laura Mercier. E.l.f. has gone public under the leadership of TPG Growth.
The post update includes:
- Updated 2016 information
- New graphics accounting for 2016 news
- New information on which makeup brands are not owned by a conglomerate or private equity company
- Reader requests to include new brands
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