NAPA, CALIFORNIA - JUNE 25: (L-R) Mara Roszak, Founder, Roz Hair, Laney Crowell, Founder & CEO, Saie and Courtney McHugh 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) Cindy Deily, Sephora and Michelle Ranavat 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) Andras Komar, Virginie Duigou, Renaud Salmon and Mia Collins, Harrods 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) Rebecca Jefferd, Ultra Violette, Cindy Deily, Sephora and Ava Matthews, Co-Founder, Ultra Violette 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: Sarah Cheung, Sacheu 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) Vincent Hickey, Sacheu, Sarah Cheung, Sacheu and Quinn Roukema, CEO/Co-Founder, Sacheu 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) Annabel Bolton and Kelly Thacker, Klaviyo 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: Guillaume Motte, CEO, Sephora speaks onstage during The Business of Beauty Global Forum 2026 at Stanly Ranch on June 25, 2026 in Napa, California. (Photo by Amy Sussman/Getty Images for The Business of Fashion)