LG Household & Health Care Rethinks Cosmetics Franchise Strategy
LG Household & Health Care Ltd., a major South Korean company, is considering withdrawing from the cosmetics franchise business due to inadequate performance.
Bain Capital Eyes Ilooda Acquisition
Ilooda, a South Korean medical aesthetic device maker, is expected to sell its management rights to US private equity company Bain Capital LP.
Sephora’s Makeover: China Edition – Eyeing €20 Billion Look
LVMH-owned cosmetics retailer, Sephora, is contemplating a shake-up of its China operations to reach an aggressive sales target in the coming years.
Sasa International’s Turnover Surges Amidst Travel Rebound
Sasa International, a beauty retailer based in Hong Kong, experienced a 30.9% upswing in turnover for the quarter ended June 30.
Indonesian Halal Cosmetics Ascend, Challenging Global Brands
Indonesian cosmetics firms, Esqa and Rose All Day Cosmetics (RADC), are capitalizing on the rising demand for halal and vegan products.
Hong Kong International Airport launches metaverse
Together with JCDecaux Transport, Hong Kong International Airport has announced the launch of its first metaverse. The campaign kicked off on July 6 and runs through August 31, 2023 offering brands an immersive virtual world through which they can engage international visitors and local travellers.
Nykaa Q124: strong demand for beauty sends revenue growth soaring
Nykaa owner, FSN E-Commerce Ventures is expected to report revenue growth in the mid-twenties for the first quarter of fiscal 2024, according to a report published by Mint, thanks to strong demand for beauty and personal care (BPC) products.
Sales soar in Hainan as travel back on the agenda for Chinese tourists
Offshore duty-free stores in China’s Hainan province have reported total sales revenue of CNY32.4 billion for the first half of 2023, up 31 percent on year-on-year, according to a report published by China Daily.
Godrej Q1: strong demand spurs double digit sales growth
Godrej has revealed that it is expecting to report sales growth in the double digits for the first quarter of the current financial year, according to a report published by Reuters. The Indian FMCG manufacturer said that demand was strong in the three months to June 30, 2023.
Croda closes on Solus Biotech acquisition
Croda has announced the completion of its acquisition of Solus Biotech. The South Korean actives manufacturer will expand Croda’s Asian manufacturing capability and create a new biotechnology R&D hub in the region.
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