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How Maesa Creates and Scales Beauty Brands in a Saturated Market

As a global incubator and operator for beauty and personal care brands, Maesa is driving growth across new and existing categories — putting unmet customer needs at the centre of its own brands’ strategy. BoF hears from chief executive officer Piyush Jain and chief financial officer Zaheer Ferguson on its goals to disrupt the beauty and wellness space.
Maesa's perfume brand Fine’ry, which launched in 2023, has become Target’s fastest-growing fragrance brand.
Maesa's perfume brand Fine’ry, which launched in 2023, has become Target’s fastest-growing fragrance brand. (Maesa)
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In 2025, price-sensitive consumers are trying to stretch their money further. Over 60 percent of consumers in the US and UK say they are attempting to save money on discretionary goods “often” or “as much as possible,” according to

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