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Dive Brief:
- Tennis legend and entrepreneur Serena Williams has partnered with Good Glamm Group to launch Wyn Beauty, a vegan and cruelty-free makeup collection formulated for movement, per a news release.
- Wyn Beauty on Thursday debuted on its branded website and on Sunday launched at 685 Ulta Beauty stores nationwide and on the Ulta digital site.
- The initial line of products for face, lips and eyes includes 10 products in 91 shades. The makeup is designed to provide hydration all day, per the company, and prices range from $18 for lip serum to $29 for hydrating skin-enhancing tint.
Dive Insight:
The launch of Wyn Beauty by Serena Williams comes as the beauty category heats up.
Mass-market beauty sales grew 6% last year, while prestige beauty increased 14%, according to data analytics firm Circana. Mass makeup sales in the U.S. increased 6%, while prestige makeup sales amounted to $9.9 billion in 2023, an increase of 15% compared to 2022, the company told Retail Dive. And celebrity-backed retail brands were the fastest growing brand type among makeup, with those companies growing sales 46% year over year — about three times the rate of total prestige makeup.
"At Ulta Beauty, we're committed to celebrating beauty in all its forms so that everyone can express themselves through the products we offer; Wyn Beauty is a shining example of this,” Monica Arnaudo, chief merchandising officer at Ulta Beauty, said in a statement. “Since meeting Serena several years ago, it was clear her passion for beauty would lead to a brand and product collection that embodies her winning spirit and brings a new perspective to makeup that beauty enthusiasts desire."
Outside of tennis, Williams is an investor in a host of different companies through Serena Ventures, which launched in 2014.
Wyn Beauty follows several other celebrity-backed beauty brands that have launched in recent years, including Selena Gomez’s Rare Beauty, Rihanna’s Fenty Beauty and Beyoncé’s Cécred hair care brand.
"I'm so excited to introduce Wyn Beauty to the world," Williams said in a statement. "To me, beauty has always been about self-expression and stepping into the best version of myself. Throughout my career, I was always searching for makeup that looked good after hours on the court, mixing products myself and creating my own formulas while traveling the world.”
via https://www.aiupnow.com
Howard Ruben, Khareem Sudlow
