2017 Key Trends in Beauty at Mazur Group's SoCal Beauty Biz Roundtable
(left) Elizabeth Maul (EVP of Brand Development, Luxury Brand Partners) at her Keynote Address “Inspiring for Innovation”Photo 1 of 4
(right) Giuila Prati (Associate Director of Research in Beauty, L2 Inc.) at her Keynote Address “Social Frontiers”Photo 2 of 4
Ryan Sieverson, President/SEVEN Haircare - "Ryan Sieverson, An Open Book – How Sharing Proprietary Information Has Grown SEVEN’s Business”Photo 3 of 4
Back (l to r): Harlan Kirschner (CEO, The Kirschner Group), Ryan Sieverson (President, SEVEN ), Laura Chisholm (VP of Sales & Education, BECCA), Andrea Zeller (VP of Sales, Cosmopak), Shannaz Schopfer (SVP of Global Strategic Dev., Anisa Int'l), Robin Carmichael (Pres. & CEO, Helix Biomedix), Shasta Blaustein (Product Dev. Manager, ColourPop), Jonathan Weiss (CFO, Freeman Beauty),& Frances Mazur (CEO, Mazur Group) Front (l to r): Brian Freeman (Founder/CEO, Heartbeat), Paul Emmer (VP, BAMKO), Elizabeth Maul (EVP of Brand Dev., Luxury Brand Partners), Lizzie Francis (Founding Partner, Brilliant Ventures), Giulia Prati (Assoc.Director of Research, L2 Inc.),& Todd Shea (VP of Marketing, Innovation &Strategy, AWARE ProPhoto 4 of 4
Mazur Group, L.A.'s premier executive search firm specializing in the beauty industry, presented their bi-annual BEAUTY BIZ ROUNDTABLE 16 (BBR16), on Friday, October 6th at the Le Méridien Delfina Santa Monica Hotel. This event featured senior executives from the West Coast's beauty scene including Sephora, Benefit Cosmetics, John Paul Mitchell Systems, Guthy Renker, Algenist, and ipsy, who gathered to address the beauty industry’s trending topics in influencer marketing, e-commerce, retail merchandising, packaging, manufacturing, and entrepreneurship.
“Based on 2017’s trending growth of major brand acquisitions, retail rebooting, and emerging markets, our goal is to continually facilitate lasting and invaluable connections for the beauty industry as a whole,” said Frances Mazur, CEO of Mazur Group. "When the beauty community is given the opportunity to come together in this intimate forum, the ideas that are sparked – from marketing innovations to essential steps when scaling the business - are incredible. More importantly, we give our speakers the opportunity to directly connect with their peers in a smaller, more intimate setting, which is rare in the beauty industry."
BBR16’s first keynote speaker was Elizabeth Maul, EVP of Brand Development at Luxury Brand Partners (LBP) whose keynote “Inspiring for Innovation” touched on how brands can cultivate a culture of internal innovation. Quoting from the Harvard Business Review’s “The Innovator’s DNA” report, Maul revealed that “Innovative CEO’s spend 50% more time on discovery activities than CEO’s with no innovation track record.” Citing LBP’s success stories with prestige beauty brands like Oribe, Smith & Cult and R+Co, Maul explained the importance of how CEO’s should not just create an internal environment of innovation but to actively participate in it using the 5 Key Steps of an Innovator’s DNA: Observing, Questioning, Associating, Experimenting, and Networking. In closing, Maul challenged attendees to use these 5 key steps and ask themselves where they were getting their “nourishment” and inspiration from to inspire their internal teams.
The second keynote speaker was Giulia Prati, Associate Director of Research in Beauty at L2, Inc. who discussed “Social Frontiers” with the rapidly evolving digital landscape and social media challenges that many beauty brands face. On Instagram, fragrance category challenges include product seasonality, lack of sensory experiences especially visual, and few fragrance influencers. To counteract the “hyper-seasonality” of fragrances, Prati suggested engaging online viewers by promoting smaller gifting occasions and GWP’s throughout the year as opposed to focusing only on traditional holiday promotions. Prati also revealed that while skincare was historically weak on social media engagement compared to color cosmetics, it’s recently starting to rise. Based on L2’s research, resonating factors for driving positive skincare engagement on Instagram are user transformational videos vs image-only posts, demonstrable products and proven results, the integration of color cosmetics, and the disclosure of product ingredients.
Roundtables were led by the following facilitators:
- Shasta Blaustein, Packaging Development Manager/ColourPop - "Packaging Development Challenges in the
World of E-Commerce"
- Laura Chisholm, VP of Sales & Education/Becca Cosmetics - "The Art of Retail Relationships”
- Lizzie Francis, Founding Partner/Brilliant Ventures - "The Future of Funding Beauty: Key Trends in Beauty & Beauty Tech"
- Brian Freeman, Founder & CEO /Heartbeat - ""How to Market to Millennials and Generation Z"
- Shannaz Schopfer, SVP of Strategic Business Development, Anisa International - "Is an International Contract Manufacturer Right for You?"
- Ryan Sieverson, President/SEVEN Haircare - "Ryan Sieverson, An Open Book – How Sharing Proprietary Information Has Grown SEVEN’s Business”
- Jonathan Weiss, CFO/Freeman Beauty - "Flying the Plane While Building the Plane – The Transition from an Entrepreneurial to Professional Company"
The only beauty industry event of its kind, BBR – now in its 16th run - offers unparalleled opportunities for global
brands to meet in an intimate environment to forge partnerships and discuss how beauty brands are expanding
into new channels, distributions, and next-gen customers.
“As both an attendee and facilitator I have found BBR to be a unique and valuable opportunity to get to spend
meaningful time exchanging ideas with professionals from a variety of disciplines across our industry,” said Laura Chisholm, VP of Sales & Education at Becca Cosmetics. “I always walk away from the event with new insights as well as fresh connections and resources.”
BBR16 was sponsored by Aware, Cosmopak, Helix Biomedix, and Women’s Marketing.
Founded by Mazur Group in 2009, the BBR series has evolved into the preeminent bi-annual event for beauty executives on the West Coast. Starting with a continental breakfast and open networking followed by a Keynote
Address, attendees engage with one another and their Facilitators in a roundtable format that fosters networking and idea sharing. Each Facilitator leads their 3 groups through dynamic learnings and inspires attendees to share and collaborate. Attendees are then invited to continue networking during a post-event lunch directly following the roundtables. http://mazurgroupla.com/beauty-biz-roundtable/
About Mazur Group
Mazur Group places outstanding executive, managerial, and professional-level candidates. We provide unique access to both full-time / direct-hire candidates, as well as industry consultants available for specific projects or indefinite engagements. With a strong emphasis on local brands, Mazur Group specializes in helping small - to midsized businesses make critical executive hires, positioning them to scale towards acquisition. Mazur Group is headquartered in Santa Monica, California and recruits for companies across the United States, with a 95% return rate with our clients.
Originally posted on Modern Salon.