Dear BoF Community,
This was a year of transition for the beauty industry. Millennial pink definitively lost its lustre and in its place bold, Y2K makeup found favour: Glossier, the onetime darling of the beauty industry, laid off about a third of its workforce, set aside its direct-to-consumer convictions to sell at Sephora and saw its visionary founder Emily Weiss step down as CEO. Social media also changed. TikTok solidified its status as…