Hindustan Unilever first quarter net profit up by 17 percent
Hindustan Unilever, the Indian unit of the British-Dutch consumer goods company, has posted first quarter net profit of Rs 10.18bn (US$159.41m), a 17 percent increase compared to the same period last year. The company, which retails products such as Dove shampoo and...
Laneige ranked Korea’s most valuable cosmetics company
Laneige has been ranked Korea's most valuable cosmetics company according to a recent Brand Stock Top Index (BSTI) data. Compiled by market research firm Brand Stock, the BSTI estimates the brand value of Korean companies using mock stock-trading tests combined with...
Japan consumer confidence hits four month high
Consumer confidence in Japan grew in March for the fourth month straight, according to survey data from the Cabinet Office. The latest figures from the monthly Consumer Confidence Survey, which was carried out on March 15 covering 5,712 households, found that the...
Korean cosmetics companies considering IPOs to fund overseas expansion
Korean cosmetics companies such as Nature Republic and TonyMoly are said to be seeking to raise funds via initial public offerings in order to facilitate overseas expansion. The plans are part of a widespread effort by businesses to capitalize on the ‘Korean wave’-...
Fujifilm acquires Cellular Dynamics International for US$307m
Japan-based firm Fijifilm Holdings has agreed to acquire US biotechnology firm Cellular Dynamics International for US$307 million. The buyout is part of Fujifilm's efforts to expands its business division to focus on regenerative medicine and functional skincare...
Cosmetics maker Shiseido announces new $250M research base
Japanese cosmetics company Shiseido has revealed plans to build a large research and development facility in Yokohama, and is spending US$248 million on the project. With the development of the new plant, Shiseido aims to improve its competitiveness with the goal of...
LG Group invests US$5.57 billion into research and development
South Korean consumer appliance and electronics company LG Group has announced plans to invest a record 6.3 trillion won (US$5.57 billion) into research and development projects. The funds will be invested over a three-year period to develop the North Chungcheong...
The Body Shop acquires its Australia franchise business
The Body Shop has completed its acquisition of Adidem Pty Ltd, the independent franchisee company which has been operating The Body Shop in Australia since 1983. This acquisition will move the fifth biggest The Body Shop market's retail sales from a franchise...
AmorePacific’s opens 350 new stores in China
Korean cosmetics firm AmorePacific has announced plans to increase its revenue by opening 350 new stores in China. The firm will increase the number of Laneige and Sulwhasoo sales outlets and partner with a wider range of online retailers to drive sales of its...
Indian company Emami acquires controlling stake in Australian personal care manufacturers, Fravin
Indian consumer goods company Emami has acquired a 66.67 percent stake in Fravin, an Australia-based manufacturer of natural and organic personal care products. The acquisition of Fravin is the first overseas acquisition by Emami in four years after the company took...
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