Henkel closes on takeover of Shiseido’s professional hair business
Henkel has announced that it has successfully closed the acquisition of Shiseido’s Professional hair business, which comprises leading professional hair brands, including Sublimic and Primience.
Shiseido announces recipients for 15th Shiseido Female Researcher Science Grant
Shiseido has announced that it has selected 10 recipients for its 15th Shiseido Female Researcher Science Grant. The J-beauty firm will hold a grant award ceremony on July 14.
L’Oréal merges Singapore and Malaysian teams
L’Oréal has announced that its Singapore and Malaysia units are to be combined, to form one, bigger division, effective immediately, according to a report published by Marketing Interactive.
Estée Lauder Companies Australia and New Zealand promotes Kate Gildea to Enterprise Marketing & Data Director
The Estée Lauder Companies Australia and New Zealand has promoted Kate Gildea to Enterprise Marketing & Data Director.
L’Oréal launches new luxury beauty brand in partnership with Hotel Shilla
L’Oréal has partnered with hotel brand Hotel Shilla and Korean private equity company Anchor Equity Partners to launch a new luxury beauty brand.
Hainan province holds first duty free shopping festival
China’s Hainan province has announced the launch of its inaugural Hainan International Outlying Islands Duty Free Shopping Festival. The event was kick started on June 28 and will run for six months with more than 50 marketing activities planned.
SleekFlow closes US$8 million funding round
Hong Kong-based SleekFlow has closed a US$8 million Series A funding round led by Tiger Global, according to a report published by TechinAsia. AEF Greater Bay Area Fund and Transcend Capital were also named as participants in the round.
Mamaearth targets US$3 billion valuation for 2023 IPO
Indian skin care start-up, Mamaearth is hoping to raise some US$300 million via a planned IPO in 2023 and is seeking a valuation on flotation of US$3 billion, according to a report published by The Business Standard.
Personal care brand Naturepro partners with ZFW Dark Stores to offer same-day delivery across India
Naturepro personal care company has teamed up with smart fulfilment platform for e-commerce brands, ZFW Dark Stores, to offer same-day delivery across India, according to a report by ANI News.
Shiseido and the Keio University Institute for Advanced Biosciences sign agreement of creation of beauty innovations and human resource development
Shiseido has signed a comprehensive collaboration agreement with the Institute for Advanced Biosciences, Keio University in order to ‘foster talented individuals who will lead future innovation.’
Is Reliance poised to buy Revlon?
India’s Reliance is said to be considering a buy-out of the much-beleaguered Revlon, according to a report published by Reuters quoting ET Now’s Twitter feed as its source.
LG Household & Health Care to install hives around Ulsan manufacturing site
LG Household & Health Care is set to install bee hives around its 4,700 square meter site in Ulsan, according to a report published by Korea Bizwire.
Backlash from investors and fans as BTS take a break
K-pop group BTS’ announcement that it is poised to pause group activities has provoked a furious reaction from both fans and investors, according to a report published by Reuters.
US Defence Dept and Lynas Rare Earths to build rare earths separation facility in US
The US is set to build its first domestic heavy rare earths separation facility after the Department of Defence signed a deal valued at US$120 million with Australian firm Lynas Rare Earths, according to a report published by the Financial Times.
The Ordinary enters the Indian market via Nykaa
Estée Lauder Companies-owned The Ordinary is set to expand into the Indian market, available via Nykaa online and its 58 Luxe stores.
Online cosmetics retailer Purplle becomes India’s latest Unicorn
Online Indian cosmetics retailer start-up Purplle has become India’s latest Unicorn, having raised US$1.1 billion at a capital valuation, according to a report by Bloomberg.
Sephora China releases 2022 trends and China Accelebrate Program
Sephora China has unveiled its seven global beauty trends for Summer 2022 and announced more than 360 star products and exclusive new releases curated to reflect the looks of the season. The LVMH-owned retailer has also announced the launch of its China Accelebrate program, designed to incubate premium Chinese beauty brands.
Hong Kong mulls CBD ban after third of products found to contain traces of THC
Hong Kong’s Security Bureau is considering adding CBD to its Dangerous Drugs Ordinance, according to a report published by the South China Morning Post.
Thailand becomes first Asian country to legalize cannabis in food and drinks
Thailand has become the first Asian country to greenlight the consumption of cannabis in food and drink and the cultivation of marijuana, according to a report published by Reuters. Smoking the drug continues to be illegal.
Watsons extends L’Oréal recycling programme partnership to Hong Kong
Watsons Hong Kong has partnered with L’Oréal to roll out the ‘Beauty for the Future’ recycling campaign, which aims to widen its sustainability impact.
Chinese beauty company Yatsen issues first ESG report
Yatsen has published its first Environmental, Social and Governance (ESG) report, which highlights the company’s strategic ESG initiatives.
Shiseido targets Gen Z men with new Sidekick brand
Shiseido has announced the launch of a new skin care brand aimed at Gen Z men. Sidekick, as the new line has been dubbed, comprises four products that focus on the skin care concerns specific to the cohort.
Sugar Cosmetics closes US$50 million funding round
Sugar Cosmetics has announced that it has closed its US$50 million Series D fundraising round, led by LVMH’s L Catterton Asia fund.
Wangfujing Group acquires Hainan Tourism for RMB937 million
Wangfujing Group has announced that it has agreed to acquire 100 percent of the equity in Hainan Outlets Tourism Development for an equity transfer price of RMB160 million and assumption of RMB777 million principal and interest of shareholder borrowings, which amounts to a total consideration of RMB 937 million.
Firmenich announces strategic partnership with China’s ScentRealm
Firmenich has announced that it has signed a strategic partnership with sense experience pioneer, ScentRealm. The duo will work together to enhance the fragrance and aroma experience for Firmenich’s customers and consumers through jointly developed digital devices.
Shiseido partners with Bodacious wine to co-promote make-up giveaway
Shiseido has entered into a partnership with Bodacious wine, which sees the pair co-promote a make-up giveaway.
Nykaa profit falls 49 percent as fuel costs soar
Nykaa has reported its results for the fourth quarter of its fiscal year. In the three months ended March 31, 2022, the Indian beauty retailer saw profits plunge 49 percent yoy, according to a report published by Reuters.
Bondi Sands to face class action over greenwashing allegations
Australia’s Bondi Sands is set to face class action lawsuit alleging that its sunscreens are not environmentally friendly, according to a report published by The Sydney Morning Herald.
South Korean skincare brand Siita develops technology to speed up plastic decomposition
South Korean skincare brand Siita has developed new technology that is said to speed up plastic decomposition, according to a report by The Korea Herald.
Coty unveils inaugural Chloé Fragrances official flagship store in partnership with Southeast Asia’s e-commerce platform Lazada
THE WHAT? Coty has opened its first official flagship store for Chloé Fragrances in a collaboration with Southeast Asia e-commerce platform, Lazada. THE DETAILS The store is hosted on LazMall Prestige with consumers able to discover ‘brand education,...
L’Oréal BOLD acquires minority stake in Japanese start-up Sparty
L’Oréal’s venture capital arm, BOLD has announced a minority investment in personalized J-beauty firm, Sparty. The deal is the French beauty giant’s first venture capital investment in Japan.
Shiseido unveils ‘shape shifting’ hyaluronic acid technology to control volume
Shiseido has developed a new technology it has dubbed ‘shape shifting’ that controls the volume of hyaluronic acid. Hyaluronic acid forms a wate retention film on the skin’s surface but its large molecular size hinders penetration.
AmorePacific employees caught embezzling KRW3 billion
AmorePacific has revealed that it has discovered an embezzlement by employees via an internal audit. The staff in question are said to have stolen some KRW3 billion, according to a report published by the Korea Times.
Pakistan bans imports of ‘non-essential’ goods
Pakistan has closed its borders to non-essential goods, according to a report published by Reuters, forbidding the import of luxuries in a bid to stabilize its economy.
The Estée Lauder Companies appoints Karen Housman as Senior Vice President/General Manager Travel Retail, APAC
The Estée Lauder Companies (ELC) has appointed Karen Housman as Senior Vice President/General Manager, Travel Retail, APAC, effective July 1, 2022.
L Catterton announces strategic investment in Sociolla, marking its first move into Indonesia
L Catterton has announced a strategic investment in Social Bella International (Sociolla), which marks its first investment in Indonesia.
LG Household and Health Care opens research center dedicated to microbiome beauty
LG Household & Health Care has cut the ribbon on a research center dedicated to all things microbiome beauty, according to a report published by Yonhap News Agency.
Reliance gears up to build the next FMCG multinational
Indian retailer Reliance is hoping to build a portfolio of 50 to 60 grocery, household and personal care brands as it gears up to compete with the likes of Unilever and Procter & Gamble, according to a report published by Reuters.
AmorePacific reopens Shanghai plant after restrictions relaxed
AmorePacific has reopened its Shanghai production center after the city lifted its month-long standstill order, according to a report published by Pulse News.
Procter & Gamble announces new DEI commitments and shares actions to strengthen equality & inclusion across Asia Pacific, the Middle East and Africa
Procter & Gamble (P&G) has announced new commitments aimed toward advancing Equality & Inclusion across Asia Pacific, the Middle East, and Africa, at its fourth annual #WeSeeEqual summit for the region.
L’Oréal Professional names Chinese Actor Xiao Zhan as its latest brand spokesperson
L’Oréal Professional has named Chinese Actor Xiao Zhan as its latest brand spokesperson.
China extends deadline for cosmetics regulations data submissions as lockdowns persist
China has extended the deadline by which cosmetics manufacturers are required to submit data under its Cosmetics Supervision and Administration Regulation, according to a report published by Chemical Watch.
Is Good Glamm poised to buy Raymond Group’s consumer care business?
Good Glamm is said to be poised to strike a deal for Raymond Group’s consumer care unit, according to a report published by Silicon India, quoting anonymous sources familiar with the matter, the Indian e-commerce giant is in ‘advanced talks’ to acquire the owner of Park Avenue and KamaSutra.
Nivea and Sun Bum sunscreens recalled over benzene concerns
A recall has been issued in New Zealand for products from two sunscreen brands: Nivea and Sun Bum, according to a report published by the New Zealand Herald.
Lotte Duty Free opens first store in Sydney; resumes plans for global expansion
Lotte Duty Free has opened its first store in Sydney, Australia, which marks the company resuming plans for global expansion, according to Forbes.
Nykaa partners with Aveda to launch premium salons in India
Beauty retailer Nykaa has teamed up with ELCA Cosmetics Pvt Ltd, a subsidiary of global beauty company Estee Lauder Companies to launch a range of premium Aveda salons in India, according to the Hindu Business Line.
Will Sephora pull out of Korea?
Sephora Korea is said to have reported a loss for the second year in a row, according to Korea Joongang Daily, leading the news outlet to speculate that the LVMH-owned retailer may be preparing to admit defeat and close stores in the Asian market.
Lockdowns lead to weak sales for AmorePacific; Q1 profit down 25 percent yoy
AmorePacific has reported its results for the first quarter of the current financial year. The K-beauty behemoth said that weak sales in Asian markets resulted in net profit tumbling 25 percent to KRW132.2 billion compared to last year’s figures, according to a report published by Yonhap News.
Indonesian palm oil export ban ‘necessary’ to halt domestic inflation, says finance minister
Indonesia’s finance minister told Reuters that, although she was aware it would hit other countries hard, the country’s palm oil export ban was ‘necessary’ in order to bring down the cost of cooking oil domestically.
Reliance Industries and Apollo to partner on joint bid for Boots says sources
U.S. buyout firm Apollo Global and India’s second-richest man Mukesh Ambani’s Reliance Industries firm are said to be joining forces to place a bid for Boots, according to the Financial Times.
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