There are a couple of recent developments in the beauty biz world--I have no idea what impact either of them may have, but they're worth noting. Walgreens has announced plans to acquire Drugstore.com and its other sites including Beauty.com, SkinStore.com and VisionDirect.com. This acquisition is sure to strengthen Walgreens position as the largest drugstore chain in the U.S. The acquisition will cost Walgreens $429 million.
A more surprising development is Revlon's announcement that they are purchasing Mirage Cosmetics, the manufacturer of one of our favorite drugstore brands, Sinful. They also manufacture the Wild and Crazy nail polish line. The purchase price was not disclosed.