Group 1 - Bansk Group has acquired a majority stake in skincare brand Byoma from Yellow Wood Partners, with the financial details undisclosed [7] - Byoma aims to redefine skincare by offering science-backed, purpose-driven products that simplify the consumer experience while maintaining an accessible price point [4] - Under Bansk's ownership, Byoma will continue to be led by its founder and CEO, Marc Elrick, along with the existing leadership team [7] Group 2 - The beauty sector remains resilient despite economic challenges, with mass beauty sales increasing by 4% and prestige beauty sales growing by 2% in the first half of the year [5] - The U.S. skincare market is projected to generate $26 billion in revenue by 2025, with a compound annual growth rate of 3.72% through 2030 [6] - Recent acquisitions in the beauty sector, such as American Exchange Group's purchase of Indie Lee and E.l.f.'s acquisition of Rhode for $1 billion, indicate ongoing interest in the industry [6]