Ulta Beauty has named the eight brand founders selected for its 2025 Muse Accelerator program, a 10-week initiative designed to support early-stage beauty businesses with funding, mentorship, and retail preparation.
The program begins September 8 and includes a $50,000 investment for each participant, plus an additional $10,000 award for one brand chosen in partnership with the Fifteen Percent Pledge. Alongside funding, each brand receives dedicated mentorship from founders within the Ulta Beauty brand family who have recently been through the early stages of building a brand to offer meaningful guidance.
The 2025 cohort spans a mix of categories across cosmetics, skincare, haircare, and wellness. Among the founders are Carolina Lopez of Bejou, a sensitive skin brand rooted in Latin American botanicals; Alanna Tran of BiotechBeauty, a biotech-powered clean makeup line; Yrenes Martínez of Ginger Milk Natural Care, a hair care brand inspired by the power of tropical ingredients and fresh Dominican ginger; Heather and Felice Chan of Moonbow, a skincare company blending Traditional Chinese Medicine with modern formulations.
Completing the cohort is Necole Kane and Ma-Shyrra Durden of My Happy Flo, a plant-based feminine wellness supplement brand; Smitha Rao of Parëva Beauty, a modern skincare brand rooted in radical transparency and good science; Irene Ham of Poom Cosmetics, a Korean acne-safe makeup brand; and Dawn Myers of Richualist, a hair styling system designed for women of color.
“The beauty of the Muse Accelerator is that it creates a lasting foundation and pathways for early-stage founders to thrive,” said Jessica Phillips, vice president of merchandising, Ulta Beauty.
“By nurturing new brands and expanding access to funding and mentorship, we believe we can build a more inclusive beauty community.”
Launched in 2022, the Muse Accelerator is part of Ulta Beauty’s broader commitment to amplify underrepresented voices and expand access within the beauty industry. The program has already incubated several brands into national retail, including Pound Cake, Octavia Morgan Los Angeles, Scarlet by RedDrop, and Ocoa.
In another change to Kering’s organisational structure: the group has announced that Bartolomeo Rongone, CEO of Bottega Veneta, will leave the group on March 31, 2026 to pursue new career opportunities.
Bartolomeo Rongone and Remo Ruffini – Moncler
The executive will step down from his role at Bottega Veneta on March 31, 2026, and will be appointed CEO of the Moncler Group with effect from April 1, 2026.
Under the Moncler Group’s new organisational set-up, Remo Ruffini will serve as executive chairman, retaining responsibility for creative direction and continuing to play a central role in governance and in shaping the group’s strategic direction.
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Puma will supply team kit to Formula One champions McLaren this season in a multi-year global deal that also covers activities in IndyCar, World Endurance from 2027, virtual racing, and the all-female F1 Academy series. No financial details were given.
Formula One F1 – Abu Dhabi Grand Prix – Yas Marina Circuit, Abu Dhabi, United Arab Emirates – December 7, 2025 McLaren’s Lando Norris celebrates after becoming the 2025 Formula One World Champion – REUTERS/Jakub Porzycki
“Our sport is in incredible shape, and it’s been fantastic to see an influx of major fashion and lifestyle brands who are looking for deep and meaningful ways to engage with our growing global fanbase,” said McLaren Racing CEO Zak Brown.
McLaren previously had a deal with Castore, with some media reports suggesting that was worth 30 million pounds ($40.41 million) a year.
Puma also equip Ferrari and Aston Martin. Williams have meanwhile switched to US lifestyle brand New Era.
Estee Lauder was sued by a self-described “disruptive” startup that accused the cosmetics giant of effectively putting it out of business by stealing technology to boost sales from jet-setting travellers in hotels.
Nomi has accused Estee Lauder of stealing its technology – Bloomberg
In a complaint filed on Friday night in Manhattan federal court, Nomi Beauty said Estee Lauder has been “driving literally billions in new revenue” to itself after abandoning contracts in 2018 and 2020, including means to determine consumers’ actual preferences for cosmetics instead of their stated preferences.
Nomi- the name is a homophone for “know me,” as in the customer- said its “secret sauce” was intended to help the parent of Clinique and MAC lipstick generate more revenue from luxury hotel duty-free shops and in-room purchases, and become less dependent on traditional retail stores. Rather than honour its contracts or follow through on discussions to purchase Nomi outright, Estee Lauder allegedly starved Nomi’s hotel partners of products, while rolling out competing programs in China, Costa Rica, Malaysia, the UK and the US.
These programs “rely on the very same trade secrets Nomi had been educating Lauder about for years,” the complaint said. Nomi is seeking unspecified compensatory, punitive, and triple damages. Estee Lauder did not immediately respond to requests for comment.
“Nomi’s stolen innovations brought Estee Lauder into the information age, and Estee Lauder continues to profit from them wildly,” Nomi’s lawyer Matthew Schwartz said in an email. Both companies are based in New York.
Since last February, Estee Lauder has pursued a “Beauty Reimagined” strategy, including prestige launches and a streamlining of its supply chain, to revive sliding sales. The strategy also called for up to 7,000 job cuts.