e.l.f. Expands Global Reach with Retail Launches and Market Growth
05 Septembre 2024 - 7:02PM
Business Wire
e.l.f. announces its largest international
retail launch to date in Germany with ROSSMANN, entry into Sephora
in Mexico, and expansion in existing markets
e.l.f. is expanding the reach of its unique value proposition,
powerhouse innovation and disruptive marketing engine, driven by
growth in existing non-U.S. markets and consumer demand in new
global regions. Currently, e.l.f. has a retail presence in 14
countries, with additional global distribution via eShopWorld. In
the first quarter of Fiscal Year 2025, reported last month,
non-U.S. markets represented 16% of e.l.f. Beauty’s total net sales
and non-U.S. markets net sales grew 91% year-over-year.
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e.l.f. is expanding global reach driven
by growth in existing non-U.S. markets and consumer demand in new
global regions. (Photo: Business Wire)
Part of e.l.f.’s international expansion strategy is partnering
with leading global retailers and distributors who have the scale
to make a strong and immediate impact and align with e.l.f.’s
vision of positivity, inclusivity and accessibility. e.l.f. also
engages with its community before entering a market – driving
consumer demand and excitement.
“We see immense potential to make significant impact
internationally, fueled by our commitment to make the best of
beauty accessible to every eye, lip, face and skin concern,” said
Tarang Amin, Chairman and CEO, e.l.f. Beauty. “Our approach is a
combination of a disciplined sequential strategy with leading
beauty retailers while meeting the call of our community where they
are asking for our presence.”
In existing markets, e.l.f. is meeting community demand by
tapping into both new and existing partners and continues to
broaden its global reach by entering new markets:
- Germany: As previously announced, e.l.f. is expanding in
Germany with its largest international retail launch to date in
1,600 ROSSMANN locations nationwide.
- U.K.: e.l.f. Cosmetics is now the No. 4 mass makeup
brand as compared to No. 8 a year ago.* To build on this momentum,
e.l.f. Cosmetics is gaining space in several hundred Boots and
Superdrug locations this fall.
- Mexico: As previously announced, e.l.f. will debut in
dozens of Sephora Mexico locations this fall, marking its re-entry
in the country and its first time with Sephora Mexico. This
strategic move helps address local demand for premium-quality
products at accessible prices with universal appeal.
- Australia: e.l.f. recently expanded its existing
distributor relationship in Australia by launching in Coles,
marking the brand’s first venture into the country’s grocery
channel. This fall, e.l.f. will also expand its presence in
Priceline.
- Italy: e.l.f. Cosmetics entered Douglas last fall as the
No. 1 makeup brand across mass and prestige in all existing doors
and has stayed there.** To keep up the forward progress in Italy,
e.l.f. Cosmetics will double the current store space by expanding
into hundreds of additional Douglas locations this fall and will
launch on Amazon this fall.
- Netherlands: e.l.f. Cosmetics has maintained the No. 1
mass makeup brand ranking in Etos since launch in April
2024.***
- Canada: e.l.f. Cosmetics has risen to the No. 4 mass
makeup brand, up from No. 6 a year ago.
- Nordics: This fall, e.l.f. is excited to reveal that
SÆTHER will serve as the exclusive distributor for e.l.f. in the
Nordic region, with new launches anticipated in the following
retailers: H&M, Matas, Kicks, Vita, Sokos and Lyko.
By partnering with key retailers and building strong connections
with local communities, e.l.f. is well-positioned to continue its
successful international growth strategy.
*Source: e.l.f. Cosmetics claim based on data reported by
NielsenIQ through its Scantrack Service for the Mass Market Color
Cosmetics category for the 12-week period ending June 15, 2024, for
the GB market. Copyright © 2024, Nielsen Consumer, LLC. ** Source:
Douglass, Italy, August 2024 *** Source: Etos, Netherlands, August
2024
About e.l.f. Beauty:
e.l.f. Beauty (NYSE: ELF) is fueled by a belief that anything is
e.l.f.ing possible. We are a different kind of company that
disrupts norms, shapes culture and connects communities, committed
to positivity, inclusivity and accessibility. Our mission is clear:
to make the best of beauty accessible to every eye, lip, face and
skin concern. e.l.f. Cosmetics, e.l.f. SKIN, Keys
Soulcare, Well People and NATURIUM are led by purpose,
driven by results and elevated by our superpowers. e.l.f. Beauty
has double Cruelty Free certifications from both Leaping Bunny and
PETA, offers e.l.f. clean and vegan products, and proudly stands as
the first beauty company to achieve Fair Trade certification across
our supply chain. A kind heart is at the center of our ethos: We
donate 2% of net profits to organizations that make positive
impacts. Learn more at www.elfbeauty.com
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the federal securities laws. All statements, other
than statements of historical facts, included in this press release
that address activities, events or developments that we expect,
believe or anticipate will or may occur in the future, are
forward-looking statements. Although e.l.f. Beauty believes that
the expectations reflected in the forward-looking statements are
reasonable, actual results and the timing of selected events may
differ materially from those expectations. Factors that could cause
actual results to differ materially from those in the
forward-looking statements include, among other things, the risks
and uncertainties that are described in e.l.f. Beauty’s filings
with the Securities and Exchange Commission. Potential investors
are urged to consider these factors carefully in evaluating the
forward-looking statements. These forward-looking statements speak
only as of the date hereof. Except as required by law, e.l.f.
Beauty assumes no obligation to update or revise these
forward-looking statements for any reason, even if new information
becomes available in the future.
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version on businesswire.com: https://www.businesswire.com/news/home/20240904617227/en/
Media: Hannah Rubin hrubin@elfbeauty.com
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