NAPA, CALIFORNIA - JUNE 25: (L-R) Fara Bakare, Yasmine Dahlberg and Timicka Anderson, Citi attend The Business of Beauty Global Forum 2026 at Stanly Ranch on June 25, 2026 in Napa, California. (Photo by Frazer Harrison/Getty Images for the Business of Fashion )

NAPA, CALIFORNIA - JUNE 25: (L-R) Sam Pritzker, Rémi Martini, CEO/Co-Founder, Sarelly Sarelly, Kyle Meade, Dr. Chrystle Cu, Co-Founder & Co-CEO, Cocolab and Lindsay Holden, Founder, Odele attend The Business of Beauty Global Forum 2026 at Stanly Ranch on June 25, 2026 in Napa, California. (Photo by Frazer Harrison/Getty Images for the Business of Fashion )

NAPA, CALIFORNIA - JUNE 25: Michelle Lee, Front Row Group (R) attends The Business of Beauty Global Forum 2026 at Stanly Ranch on June 25, 2026 in Napa, California. (Photo by Monica Schipper/Getty Images for The Business of Fashion)

NAPA, CALIFORNIA - JUNE 25: (L-R) James Andrew Elliott, Liz Cebron, CMO, ILIA Beauty and Johanna Stout, Chief Business Officer, The Business of Fashion attend The Business of Beauty Global Forum 2026 at Stanly Ranch on June 25, 2026 in Napa, California. (Photo by Monica Schipper/Getty Images for The Business of Fashion)

NAPA, CALIFORNIA - JUNE 25: (L-R) Annalise Fard, Harrods and Guillaume Motte, CEO, Sephora attend The Business of Beauty Global Forum 2026 at Stanly Ranch on June 25, 2026 in Napa, California. (Photo by Monica Schipper/Getty Images for The Business of Fashion)

NAPA, CALIFORNIA - JUNE 25: (L-R) Danessa Myricks and Timicka Anderson, Citi attend The Business of Beauty Global Forum 2026 at Stanly Ranch on June 25, 2026 in Napa, California. (Photo by Frazer Harrison/Getty Images for the Business of Fashion )

NAPA, CALIFORNIA - JUNE 25: (L-R) Mona Kattan and Colin Welch, Managing Director, Head of New York & London Offices, TSG Consumer Partners attend The Business of Beauty Global Forum 2026 at Stanly Ranch on June 25, 2026 in Napa, California. (Photo by Monica Schipper/Getty Images for The Business of Fashion)

NAPA, CALIFORNIA - JUNE 25: Mona Kattan (R) attends The Business of Beauty Global Forum 2026 at Stanly Ranch on June 25, 2026 in Napa, California. (Photo by Frazer Harrison/Getty Images for the Business of Fashion )