Foreo's Beki Hoxha on following 'the Apple model' for beauty device pricing
80% of Foreo's business comes from Luna, a small line of handheld gadgets that promise to clean the face through vibrating silicone bristles. Despite the demand for the brand as facials have only recently resumed in cities like New York -- "business is amazing," said Beki Hoxha, the vp and gm of business operations for Foreo Americas -- the Swedish company won't be making any changes to pricing. "There's nothing in the world that is the 'white truffle' of technology, that we'll actually charge $1,000 and be able to justify it," Hoxha said on the Glossy Beauty Podcast. "That's why we follow the model where Luna 1 launched at $199 -- Luna 2 came out and was a much better, improved product, but it didn't go higher in price." Hoxha talked about TikTok's big advantage over incumbents like Facebook and Instagram, what makes for a great influencer in 2020 and how one of their product lines caters to the "anti-anti-aging" crowd.