AS Watson to create 200,000 jobs for young people globally by 2030
AS Watson has announced that it will create 200,000 job openings globally for young people by 2030. The pledge is designed to help tackle youth unemployment in the wake of the pandemic.
Nykaa: demand is bouncing back
Nykaa has predicted that the festival season will boost demand for beauty products after ‘subdued’ sales at the start of the year, according to a report published by Reuters.
China’s tourist-dependent Hainan locks down amidst new COVID-19 outbreak
China’s Hainan island province has been put further areas on lockdown this week following a further outbreak of COVID-19, according to a report by Reuters.
Estee Lauder India names Manushi Chhillar as new face of Advanced Night Repair
Estee Lauder India has named Bollywood actor Manushi Chhillar as the face of its iconic Advanced Night Repair product. The campaign featuring the former Miss World will debut this month across digital and social platforms.
Aesop to cut ribbon on first bricks and mortar presence in China
Natura &Co’s Aesop brand is preparing to cut the ribbon on its inaugural Chinese store, according to a report published by Inside Retail Asia.
Ray of hope for Indian FMCG suppliers as costs ease
Raw material costs have hit their peak and prices are set to soften, according to the latest forecasts, bringing welcome relief to ailing consumer goods manufacturers, according to a report published by the Hellenic Shipping News.
Quintis Sandalwood establishes new sandalwood plantations to extend its sustainable supply
Quintis Sandalwood is establishing new sandalwood plantations on previously harvested land.
Kao joins The Climate Pledge co-founded by Amazon and Global Optimism
Kao has signed The Climate Pledge, a commitment co-founded by online retailer Amazon and environmental advocacy group Global Optimism.
Shiseido gives notice of the transfer of the Manufacturing Business for personal care products
Shiseido has given notice that it is transferring its manufacturing business of personal care products at its Kuki Factory and the Vietnam Factory.
LG Household & Healthcare reports Q2 net profit drop of 44.3 percent
LG Household & Healthcare has reported a Q2 net profit drop of 44.3 percent, reporting 126 billion won (US$96.9 million) in the April-June period, compared with 226.4 billion won during the same period last year.
L’Occitane cuts ribbon on first sustainability concept store in Hainan
L’Occitane’s Travel Retail Asia-Pacific division has launched its first sustainability concept store at Sanya International Duty-Free Shopping Complex in Haitang Bay.
AmorePacific Q2: profit shifts to loss as sales fall 19.6 percent
AmorePacific Group has reported its results for the second quarter of fiscal 2022. The K-beauty behemoth saw its Q2 2021 net profit of KRW59.2 billion wiped out for a net loss of KRW37.2 billion in Q2 2022 (-37.2 percent).
Lighthouse Funds seeks to raise US$400 million for new fund
Indian private equity firm Lighthouse is hoping to raise some US$400 million for its fourth fund, according to a report published by Reuters and quoted by Business Today.
LG Household and Healthcare recalls Babience Only 7 Essential 55 wet tissues over prohibited ingredients
LG Household and Healthcare is recalling its Babience Only 7 Essential 55 wet tissues for children due to recent detection of substances of humidifier disinfectants.
Hong Kong stock exchange rules to create more than 1,300 director positions for women by 2024 end
New Hong Kong stock exchange rules will create more than 1,300 director positions exclusively for women by the end of 2024, according to Bloomberg.com.
L’Oréal North Asia achieves carbon neutrality across all sites
L’Oréal Group’s North Asia Zone is the first of the company’s zones worldwide to achieve carbon neutrality across all operated sites, plants, distribution centers, offices and research & innovation centers.
Alibaba to add a primary listing in Hong Kong; targets investors in mainland China
Alibaba is set to add a primary listing in Hong Kong to its New York presence, and is targeting investors in mainland China, according to a report by Reuters.
Japanese retailer Yoshitsu to acquire Tokyo Lifestyle Limited
Japanese retailer Yoshitsu has entered into a definitive agreement to acquire Tokyo Lifestyle Limited from All Seas Global.
The Estée Lauder Companies teams up with Nykaa to launch Beauty&You India; supports ‘next generation’ of Indian beauty entrepreneurs
The Estée Lauder Companies (ELC) has teamed up with Indian beauty and lifestyle retailer Nykaa to launch Beauty&You India, which aims to spotlight the next generation of Indian beauty brands.
Hindustan Unilever JQ’22: turnover
Hindustan Unilever has reported its results for the quarter ended July 19th, 2022, referred to as the June Quarter (JQ’22). The Indian arm of the FMCG giant saw turnover grow 19 percent yoy and underlying volume growth rise 6 percent.
Laneige tops charts on Amazon Prime Day
Laneige has been named as one of the best-selling brands in the Beauty & Personal Care category on Amazon Prime Day. The brand’s Lip Sleeping Mask was the bestselling product in its class, while Lip Glowy Balm came in third.
Syoung Soars stock price surges as it announces intention to buy Evidens de Beauté
The stock price for Syoung Group has soared following the announcement of its intention to purchase French luxury cosmetics maker Evidens de Beauté, according to Yicai Global.
Cosmax to close US plant
Cosmax has announced the closure of its US factory, according to a report published by The Korea Economic Daily.
Cannasouth Bioscience signs supply agreement with WEECO Pharma
Cannasouth has signed an agreement with WEECO Pharma for the supply of cannabis flower from New Zealand into Europe.
Majority of Japanese manufacturers to pass on higher costs to shoppers
Reuters reports that some four out of five large Japanese companies are planning to pass on higher costs to shoppers, or have already done so.
US FDA greenlights LG Household & Health Care’s toothpaste
LG Household & Health Care will market a novel toothpaste formulation on the North American market after receiving approval from the US Food & Drugs Administration, according to a report published by Business Korea.
The Estée Lauder Companies elects Angela Wei Dong to its Board of Directors
The Estée Lauder Companies has elected Angela Wei Dong to its Board of Directors, who has also joined the company’s Audit Committee.
The Good Glamm Group names Asad Raza Khan Global Commercial Officer
The Good Glamm Group has named Asad Raza Khan as its new Global Commercial Officer, according to Campaign.
Shanghai looks to metaverse and low carbon to beat slump
Shanghai has unveiled plans to accelerate economic recovery in the wake of COVID-19 through investment in metaverse development and low-carbon projects, according to a report published by Yahoo! Finance.
South Korean cosmetics exports soar; hit record high in 2021
South Korea’s Ministry of Food and Drug Safety has revealed that the country’s cosmetics exports hit a record high last year, swelling 21.3 percent yoy to reach KRW10.5 trillion, according to a report published by Yonhap News.
Lancôme lands in India as demand for luxury beauty grows
L’Oréal-owned Lancôme has relaunched onto the Indian market, according to a report published by Mint.
China Duty Free Group parent company reapplies for public listing on Hong Kong Stock Exchange
China Tourism Group Duty Free Corporation Limited, parent company of China Duty Free Group, has reapplied for a public listing on the Hong Kong Stock Exchange, according to a report by DFNI Frontier.
Shiseido announces collaboration with Sekisui Chemical and Sumitomo Chemical to build circular economy for plastic cosmetic containers
Shiseido, Sekisui Chemical and Sumitomo Chemical are set to begin a joint initiative to establish a circular economy for plastic cosmetics containers.
L’Oréal India guilty of profiteering says National Anti-Profiteering Authority
L’Oréal India has been found guilty of profiteering by the National Anti-Profiteering Authority (NAA), according to a report by The Economic Times.
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.
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