"The cosmetics industry's glamour has caught Wall Street's eye - and investors are recognizing that beauty is more than skin deep. Beauty has become a booming sector, driven by a wave of savvy social media creators and startups that are shaping trends and fueling spending. The consulting firm McKinsey predicts that, by 2030, the industry could be worth nearly $600 billion. At JPMorgan, Fei-Fei Zhang is shaping how the bank is approaching the opportunity."
"Investment banker Zhang, JPMorgan's head of beauty for North America, has advised on a string of blockbuster deals asector hasctor's gained momentum. Zhang was a senior leader on the team behind the $1 billion sale of Rhode, the skincare brand cofounded by Hailey Bieber, to e.l.f. Beauty, announced last May. Within weeks, British skincare brand Medik8 was sold to cosmetics giant L'Oreal for more than $1 billion, which Zhang advised on."
The beauty sector is experiencing rapid growth driven by social media creators and startup innovation, with McKinsey projecting nearly $600 billion by 2030. JPMorgan has elevated Fei-Fei Zhang to lead North American beauty dealmaking after a decade-long rise from intern to managing director. Major recent transactions include the $1 billion sale of Rhode to e.l.f. Beauty and the sale of Medik8 to L'Oreal, both advised by Zhang. JPMorgan also advised on Mammoth Brands' acquisition of Coterie, signaling expansion into adjacent consumer categories. Buyers are prioritizing digitally native, scalable brands with strong consumer engagement, positioning 2026 as a potential peak year for deals.
Read at Business Insider
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