NAPA, CALIFORNIA - JUNE 25: (L-R) Imran Amed, Founder & CEO, The Business of Fashion and Priya Rao, Executive Editor, The Business of Beauty speak during 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 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) Imran Amed, Founder & CEO, The Business of Fashion and Priya Rao, Executive Editor, The Business of Beauty 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) Imran Amed, Founder & CEO, The Business of Fashion and Priya Rao, Executive Editor, The Business of Beauty speak during 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) Imran Amed, Founder & CEO, The Business of Fashion and Priya Rao, Executive Editor, The Business of Beauty 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) Eyal Booker, Wavy, and Ariel Booker, Wavy, accept the Emerging Track Award during 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: Vennette Ho Lee, Managing Director, Global Head of Beauty & Personal Care, Raymond James speaks during 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: Ankita Thadani, Secret Alchemist, poses with the Breakthrough Track Award during 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 )