Cosmax sets up dedicated sun care lab
Cosmax has announced the establishment of a dedicated OTC lab for sunscreen products within its R&I Center in South Korea. The facility will serve as a specialized laboratory that supports an entire process of sunscreen product production from research to manufacturing.
EU to bill beauty manufacturers for microplastic clean up
The European Union has drafted a regulation that, if formally adopted, will require cosmetics manufacturers to cover some 80 percent of the cost required to tackle the pollution caused by microplastics.
Ultra Violette Secures US$15M Investment
Ultra Violette, an Australian sunscreen brand, has received a US$15 million investment from Aria Growth Partners.
Amorepacific Rebrands to AP
Amorepacific has rebranded to AP.
SK-II sales hit as anti-Japanese sentiment builds in China
Procter & Gamble has revealed that its SK-II brand saw sales dive 34 percent in the three months to December 31, 2023. However, the US FMCG giant was quick to point out that its premium skin care brand has bounced back from a similar slump before and is expected to do so again.
Molton Brown opens Malaysia flagship
Kao has launched its Molton Brown brand onto the Malaysian market with the opening of a flagship store in the Exchange TRX Mall, Kuala Lumpur.
Henkel cuts ribbon on Shanghai R&D center
Henkel has cut the ribbon on its new Asia R&D center for Consumer Brands in Shanghai. The RMB100 million facility is the Schwarzkopf manufacturer’s largest in Asia.
Sephora China CEO Resigns Amidst
Maggie Chan, CEO of Sephora Greater China, has resigned after a five-year tenure.
HUL Reports Quarterly Results Below Expectations
Hindustan Unilever (HUL), the Indian arm of Unilever, reported its quarterly results, which fell short of market expectations.
Coupang and LG Household & Health Care bury the hatchet
Coupang and LG Household & Health Care have reconciled after a five-year dispute over cancelled orders. LG H&H will sell its Elastin, Perioe, CNP, O’Hui and Sum 37˚ on the platform once more.
SaSa Q3: Sales soar 36.7 percent as recovery continues apace
SaSa International has announced its unaudited results for the third quarter of the current financial year. Sales hit a total of HK$1,182.2 million in the three months to December 31, 2023, up 36.7 percent yoy.
Huda Beauty hopes to conquer India with Myntra launch
Huda Beauty is hoping to capture the hearts of Indian shoppers, having made its debut on e-commerce platform Myntra. The platform will also offer Huda Beauty’s recently launched Wishful skin care line as well as Kayali fragrances.
Sweeney Becomes Laneige’s Global Ambassador
Sydney Sweeney has been appointed as the global brand ambassador for Laneige, expanding her role from being the brand ambassador for Laneige US.
USHOPAL Invests in DOCUMENTS Brand
USHOPAL GROUP, a Chinese luxury beauty and retail group, announced its lead investment in the high-end fragrance brand DOCUMENTS.
The Body Shop at Home Ends Operations
The Body Shop has announced the closure of its direct selling operations, known as The Body Shop At Home, in the United Kingdom and Australia.
LG Household & Health Care debuts mini tattoo printer at CES
LG Household & Health Care is showcasing its mini tattoo printer at this year’s Consumer Electronics Show (CES 2024). Imprintu, as the gadget has been named, prints temporary AI-generated designs on skin, clothing or other objects.
ColourPop Cosmetics makes India debut via exclusive deal with Nykaa
Californian make-up brand, ColourPop Cosmetics has launched onto the Indian market via Nykaa’s platforms. The Seed-beauty owned brand will be available on Nykaa’s platforms and in bricks and mortar stores.
Benefit backs away from Chinese e-commerce
Benefit is withdrawing from three of China’s biggest e-commerce platforms. The LVMH-owned brand will no longer be sold via Tmall, JD.com or Douyin but will continue to be stocked in Sephora stores nationwide.
Dubai Duty Free Partners Alipay+
Dubai Duty Free has partnered with Alipay+ to offer a seamless travel and checkout experience for international visitors at Dubai and Al Maktoum International airports.
ASA Rules Against Rimmel Ad
The Advertising Standards Authority has ruled that Rimmel’s school-themed makeup advertisement was irresponsible for implying that makeup is necessary for school success.
Geetika Mehta Leads Nivea India
Nivea India has appointed Geetika Mehtal as its new managing director.
China’s Hi!Papa closes Series A+ funding round
Chinese cosmetics brand, Hi!Papa has closed a Series A+ funding round led by L Catterton. Financial terms were not disclosed. The investment will help the Gen Alpha-focused line further scale in the country’s rapidly growing kids personal care market.
Chanel opens first Fragrance & Beauty store in Mumbai
Chanel is said to have cut the ribbon on its first Fragrance & Beauty location in Mumbai. The French luxury label’s new store is situated at the Phoenix Palladium Mall and is the third such location in India.
Shiseido snaps up Dr Dennis Gross Skincare
Shiseido has announced that it has signed a definitive agreement to acquire Dr Dennis Gross Skincare. Financial terms of the deal were not disclosed. The impact on Shiseido’s financial results in 2024 will be revealed at a later date.
China Suspends Imports from Japanese Cosmetics Firm Hoyu Co
China’s medical regulator has suspended imports from Japanese cosmetics company Hoyu Co after conducting an online inspection of its factory in Japan.
ELC’s venture capital arm buys minority stake in China’s Melt Season
The Estee Lauder Companies’ New Incubation Ventures is said to have acquired a minority stake in Chinese luxury fragrance brand, Melt Season. Financial terms of the deal were not disclosed.
Shiseido proposes changes to leadership and Board of Directors
Following its planned change to its corporate governance structure, Shiseido has nominated candidates for the Board of Directors and Corporate Executive Officers to be voted upon at its AGM in March, 2024.
L’Oréal pledges AU$600,000 to support self determination through biodiversity restoration
L’Oreal will help plant some 65,000 trees to help restore biodiversity to degraded croplands stretching 4,000 hectares in Kardutjaanup, Western Australia. The French beauty giant is donating AU$600,000 to the cause.
Dior names Jay Chou Global Ambassador for Fashion
Dior has drafted in Jay Chou, as its next Global Ambassador. The Taiwanese pop star, who has just completed his Carnival world concert tour featuring costumes designed by the French fashion label, is the first Mandopop artist to take up this coveted role.
Coupang Announces Acquisition of Online Luxury Retailer Farfetch
Coupang, Inc., a leading global retailer, has announced its intention to acquire Farfetch Holdings plc, an established online luxury retailer.
Amorepacific Develops AI-Based Skin Diagnosis System Dr. Amore®
South Korean cosmetics company Amorepacific Corp. has announced the creation of Dr. Amore®, an artificial intelligence (AI)-based skin diagnosis system.
Coty Expands Beauty Business in India
Coty is expanding its operations in the Indian market, focusing on its Prestige and Consumer Beauty segments.
Straand raises US$2.6 million in funding round led by Unilever Ventures
Straand has closed a US$2.6 million funding round led by the Harvey Family Office and Unilever Ventures. The round brings the scalp care brand’s fundraising total to US$4.6 million.
Shein mulls London IPO
Shein is said to have met with the London Stock Exchange to explore the possibility of a listing in the UK.
Shiseido sets up new venture fund, LIFT Ventures
Shiseido has announced the launch of a new venture fund. Shiseido Long Term Investments for the Future (LIFT) Ventures, as the new fund has been named, will be a vehicle for investing in innovative early-stage companies within the beauty wellness space.
Yoshitsu to take direct control of Hong Kong stores
Yoshitsu has announced that it is going to take over direct operating control of its stores in Hong Kong, mainland China, Japan, North America, and the UK from incumbent management agency, Excellent Wellbeing International.
Kuala Lumpur Hosts SEPHORA’s Debut 3D Interactive Show
SEPHORA Malaysia is introducing the ‘Unwrap Their Beautiful’ campaign for the holiday season, featuring an interactive 3D showcase on large screens in the capital city.
Sa Sa Reopens Store in Singapore
Sa Sa has reopened in Singapore with a new store at Jurong Point following the closure of its 22 outlets in 2019
Shiseido exhibits generative art collection at Miami Art Week
Shiseido has opened a generative art exhibition at Miami’s Art Basel fair. The J-beauty brand is displaying 1.872 works produced by autonomous systems to commemorate its founding year.
Shiseido ushers in Value Creation Strategy Division; makes key appointments
Shiseido has announced the creation of a new division that it has named the Value Creation Strategy Division. The unit will be under the direct supervision of the Chief Marketing & Innovation Officer and will integrate all functions of CMI within HQ and Shiseido Japan.
Shiseido invests in talent development with new Future University facility
Shiseido has cut the ribbon on a new talent development facility in Ginza. The Shiseido Future University is designed to nurture the next generation of Shiseido leaders.
Nu Skin Opens Shanghai Facility
Nu Skin Enterprises, Inc. has opened a new manufacturing facility in Shanghai, China, representing an investment of approximately $55 million.
LG H&H Expands Makeup in Japan
LG H&H Co. announced plans to increase marketing for its makeup brands “Glint by VDIVOV” and “Freshian” in Japan.
Harvey Nichols to shutter Hong Kong store
Harvey Nichols has announced that it will close its Hong Kong Central store in March next year. The 60,000 square foot space was opened in 2005.
Marubeni pins hopes on Southeast Asia growth with Osaji investment
Marubeni has announced that it has sealed a capital allowance deal to underwrite a third-party allotment of new shares by Osaji. The Japanese firm will invest some ¥1 billion in Osaji, which was spun off from Nitto last month.
Yatsen Q3 2023: Revenue dives 16.3 percent to RMB718.1 million
Yatsen has announced its unaudited results for the third quarter of 2023. The Chinese beauty firm saw revenue fall 16.3 percent versus the prior-year period to RMB718.1 million, which it attributed primarily to its colour cosmetics brands.
Gayatri Ray Leads Unilever’s Digital Hub
Unilever India has recently announced the appointment of Gayatri Makhijani Ray as the head of its digital hub.
Honasa Consumer Shares Surge Post-Profits
Honasa Consumer, the parent company of beauty and personal care product maker Mamaearth, saw its shares rise by 20% following a report of increased quarterly profits.
Chanel Wonderland opens at Incheon Airport
In collaboration with Chanel, Shinsegae Duty Free has announced the opening of the largest mega-beauty podium in Asia duty-free. Chanel Wonderland, as the stand has been named, made its debut at Incheon International Airport’s Terminal 2.
Louis Vuitton teams up with Cheng family to stage brand’s first fashion show in Hong Kong
Louis Vuitton has partnered with the well-known Cheng family to make its catwalk debut in Hong Kong. The LVMH-owned luxury brand will debut Pharrell Williams’ pre-fall men’s collection in its first fashion show in Hong Kong.
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