P&G India Announces New Fund
Procter & Gamble India (P&G India) is setting up a ‘P&G Supply Chain Catalyst Fund’ worth 300 crore.
Shinsegae Secures Exclusive Deal with Dolce & Gabbana Beauty in South Korea
Shinsegae International has entered into an exclusive deal with Dolce & Gabbana to distribute its beauty products in South Korea.
LG H&H snaps up K-beauty’s Hince
LG H&H has announced that it has agreed to acquire Vivawave for KRW42.5 billion. Vivawave’s make-up brand Hince is a millennial favourite, particularly popular in Japan.
CDFI launches shopper reward program
China Duty Free International has teamed up with UnionPay International to launch a shopper reward program. The All-in-One Shopping Rewards scheme is a cross-border promotion available in Hong Kong, Macau and Cambodian stores.
Shilla Duty Free and Estee Lauder host virtual beauty class
Shilla Duty Free and Estee Lauder have teamed up to host a virtual beauty class. Held in honor of the launch Lauder’s Advanced Night Repair Rescue Solution Serum, the online tutorial was posted on both Shilla’s website and its YouTube channel.
Shiseido Launches Wellness Brand SBW
Shiseido is set to initiate its Inner Beauty Business, marking its entry into the wellness sector by launching a new brand, SHISEIDO BEAUTY WELLNESS (SBW).
Schwarzkopf Taps Jim Sarbh for Indian Market Expansion
Schwarzkopf Professional has partnered with Jim Sarbh, designating him as their ‘mane man’.
L’Oréal Leaps into Chinese Biotech
L’Oréal has announced a minority investment in the Chinese biotech company, SHINEHIGH INNOVATION.
Climate champion: AmorePacific named Market Trailblazer at RE100 Leadership Awards
AmorePacific scooped the Market Trailblazer award at the RE100 Leadership Awards, held during Climate Week NYC.
L Catterton’s first Chinese yuan fund named as lead investor in Trautec’s CNY200 million series B round
Chinese collagen tech start-up, Trautec Medical Technology has raised CNY200 million in a Series B funding round led by L Catterton’s first Chinese yuan fund and CLSA Asset Management.
L’Oréal announces new executive hires; creates new role for L’Oréal China
L’Oréal has announced a number of important moves within its executive committee. Fabrice Megarbane will take on the Chief Global Growth Officer role following the retirement of Frederic Roze, while Vincent Boinay will step into Megarbane’s shoes as President of the North Asia Zone and CEO for L’Oréal China.
Shein to pile US$85 million into CSR initiatives
Shein has set aside a pot of US$85 million for global community empowerment over the next five years. The fast fashion firm will use the fund to support stakeholders as part of its wider ESG program.
KOSÉ’s ADDICTION TOKYO: Japan’s Beauty Mastery Lands in New York
KOSÉ Corporation, a prominent cosmetic company in Japan, is bringing ADDICTION TOKYO, a Tokyo-based makeup artist brand, to the US market.
Estée Lauder Invests in Code Mint
Estée Lauder Companies’ investment division, New Incubation Ventures (NIV), has revealed its acquisition of a minority share in Code Mint, a renowned clean beauty brand from China.
AmorePacific’s Laneige lands in Mexico
AmorePacific has entered the Mexican market. The K-beauty behemoth made its debut with its Laneige brand via Sephora Mexico’s website and will hit shelves in 36 of Sephora Mexico’s bricks and mortar stores later this month.
India emerges as global talent hub; L’Oreal names Manashi Guha as CPD MD, UK & Ireland
L’Oreal has named Indian national Manashi Guha as Managing Director, Consumer Products Division, UK & Ireland. The appointment reflects growing global leadership talent emerging from the SAPMENA region.
Jala Group mulls IPO
The owner of Chando Cosmetics, Jala Group is said to be considering floating on the Hong Kong Stock Exchange. The Chinese beauty maker is working with Huatai International and UBS on the potential IPO.
CHICMAX’s 2023 Half-Year Profits Soar
CHICMAX Co., Ltd. released its interim results for the six months ending June 30, 2023.
Hera Says ‘Kon’nichiwa!’ – AmorePacific’s Star Brand Lands in Japan
South Korean cosmetic powerhouse AmorePacific revealed that Hera’s cosmetic brand has debuted in the Japanese market.
Shiseido Honorary Chairman dies, aged 92
Shiseido has announced the passing of its Honorary Chairman, Yoshiharu Fukuhara. A private wake and funeral have been held among close family members and a farewell gathering will be held at a later date.
P&G to pull First Aid Beauty from China?
Rumors are swirling around the future of Procter & Gamble’s First Aid Beauty (FAB) brand in China. The US FMCG manufacturer is said to have closed down the brand’s Douyin and Tmall flagships.
Unilever Australia and New Zealand names Mindshare as its media agency
Following a comprehensive tender process, Unilever has named Mindshare as its media agency for Australia and New Zealand.
L’Occitane Trading Halts Amid Whispers of Going Private
L’Occitane International SA has put a temporary pause on its Hong Kong stock trading, hinting at the possible transition of the esteemed French skincare brand to a private entity.
Amorepacific’s Aestura Brand to Debut in Japan
Amorepacific is set to introduce its derma cosmetic brand, Aestura, in Japan
Is C-beauty bouncing back? Profit rises at Shanghai Jahwa, Yunnan Botanee and Proya
A trio of C-beauty firms have all reported substantial rises in 1H 2023 profit, suggesting that the beauty market is bouncing back from its pandemic lows. Shanghai Jahwa, Botanee and Proya all saw profit climb in the high double digits in the six months to June 30, 2023.
Reliance owner announces succession plan
The Chair of Reliance Industries, Mukesh Ambani has nominated his three children to the Board, while his wife, Nita, is set to surrender her seat.
Yatsen Q2 2023: Net revenue drops 9.8 percent
Yatsen has announced its unaudited financial results for the second quarter of fiscal 2023. The Chinese beauty manufacturer saw net revenues drop 9.8 percent versus the prior-year period to RMB858.6 million.
Shiseido to tempt back Chinese shoppers with launch of tourism platform
Shiseido has unveiled a new WeChat platform designed to promote the beauty of Japan to Chinese shoppers in collaboration with a variety of tourism partners, including Japan Airlines, Hankyu Hanshin Department Stores and Daimaru Matsuzakaya Department Stores.
Reliance Retail valued at ₹8.28 trillion after funding round led by Qatar’s sovereign fund
Reliance Retail has raised some ₹82.78 billion in a funding round led by the Qatar Investment Authority. The latest round values the Indian retailer at ₹8.28 trillion, almost double 2020’s valuation.
LG Electronics to follow stablemate H&H into beauty?
LG Electronics is said to be mulling the creation of a line of beauty products to accompany its recently launched Pra.L skin care device.
Shinwha Group signs export agreement with La Boutique Bleue Cell Beauty
Shinwha Group has signed an export agreement with La Boutique Bleue Cell Beauty (LBB). The two companies hope to build a strategic partnership, growing LBB’s distribution in China both on and offline.
Mitsui announces acquisition of Dermaceutical Laboratories
Mitsui & Co has announced that it has agreed to acquire all shares in Dermaceutical Laboratories. Financial terms of the deal were not disclosed.
AmorePacific partners with Tata Cliq Palette to build sales in India
AmorePacific has teamed up with Tata Cliq Palette in a bid to reach a wider audience in India. The K-beauty behemoth will offer a selection of products from its Laneige, Etude and Innisfree brands to Indian shoppers via the e-commerce platform.
Clinique names Triptii Dimri Brand Ambassador for India
Clinique has named Bollywood actor Triptii Dimri as its Brand Ambassador for the Indian market.
Tencent shares dive as sales and income miss estimates
Tencent saw its shares dip 2.5 percent in Hong Kong following the announcement of its latest set of results; both sales and net income came in below analysts’ expectations.
Cody Simpson to front L’Oreal Paris Men Expert campaign
L’Oreal Paris has named Australian swimmer Cody Simpson as the latest face of its Men Expert range.
L’Oreal commits to recovering and recycling its entire plastic footprint in Philippines
L’Oreal has announced that not only will it comply with the Philippines’ Extended Producer Responsibility Act but go above and beyond the government-set targets. To that end, the manufacturer of Maybelline has partnered with PCX.
Unilever Ventures leads seed round for What’s Up Wellness
What’s Up Wellness has closed a Rs14.4 crore seed round led by Unilever Ventures. While the investment was FMCG manufacturer’s first in the Indian wellness start-up, several existing investors also participated in the round.
Kao Corporation Reports Mixed Financial Results Amid Market Challenges
Kao Corporation reported a modest 0.6% increase in net sales from the previous year, totalling 738.5 billion yen.
Redken Debuts in Indian Market
Redken, a leading professional hair brand from the US, has entered the Indian market.
Nykaa’s Elite Exit Amidst Indian Beauty Battle
Six top executives from Nykaa, a major cosmetics and fashion retailer in India, have resigned
TikTok’s E-Commerce Surge in Southeast Asia: Opportunities and Challenges
Within a year, TikTok experienced a sevenfold increase in sales in Southeast Asia, drawing in a young audience with its blend of shopping and entertainment functionalities.
K-Beauty Tops Japan’s Imports
In 2022, South Korean cosmetics emerged as the top imports in Japan, overtaking longstanding French brands.
Meesho’s Turnaround: From First Profit to Anticipated IPO
Indian e-commerce startup Meesho has reported its first profit and is considering a stock market listing in the next 12-18 months.
Indian pop star Zaeden launches fragrance brand
Indian pop idol, Zaeden has made his debut on the fragrance market with a new unisex line named SOL, which stands for stories of life.
Watsons teams up with P&G, L’Oréal and Kenvue to accelerate sustainability efforts
Watsons has announced a partnership with Kenvue, L’Oréal and P&G. The collaboration will leverage the collective expertise of the AS Watson-owned beauty retailer and its supplier partners to amplify the impact of their sustainability initiatives.
Kao strikes deal for Bondi Sands
Kao has announced that it has signed an agreement to acquire the Bondi Sands brands. Terms of the deal were not disclosed and the acquisition is subject to regulatory review and approval.
Rumors swirl around AmorePacific’s succession plan
Speculation is swirling around AmorePacific’s succession plan. The K-beauty behemoth’s CEO designate, Suh Min-jung has taken a year’s leave kickstarting rumors that she could cede the top job to her younger sister.
On the rebound: AmorePacific is back in profit as overseas sales pick up
AmorePacific has reported its results for the second quarter of the current fiscal year and all signs point to a recovery for the K-beauty behemoth. Revenue inched up 0.4 percent yoy to KRW1.03 trillion.
Hankyu Hanshin Department Stores charged ¥200 million over botched duty-free sales
Japan’s tax authority has ordered Hankyu Hanshin Department Stores to pay ¥200 million in sales taxes. The decision follows an investigation by the Osaka Regional Taxation Bureau, which revealed that several transactions were incorrectly rung through as duty-free purchases.
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