South Korea’s manufacturing sector records lowest output in 9 years
South Korea’s manufacturing sector reported a 3.8 percent month-on-month drop in output for February, 2020 – it’s sharpest dip since the 2008 recession, according to a report published by Yonhap News.
CLICK HERE
Louis Vuitton debuts live streaming on Little Red Book
THE WHAT? Louis Vuitton has made its live streaming debut on China’s luxury retail app, Little Red Book, according to a report by Jing Daily. THE DETAILS Hosted by fashion blogger Yvonne Ching, the hour-long livestreaming session was split into different sections and...
CLICK HERE
Hindustan Unilever, Reckitt Benckiser et al to slash sanitizer prices following government mandate
FMCG companies including Hindustan Unilever, Dabur, ITC and Reckitt Benckiser are to slash prices of hand sanitizer and face masks following a government mandate to cap rates of the sought-after items.
CLICK HERE
Skyn condoms launches new marketing campaign capitalizing on the coronavirus lockdown
Skyn condoms has launched a new marketing campaign that is set to capitalize on the current global lockdown mandated as a result of the coronavirus pandemic.
CLICK HERE
Hindustan Unilever snaps up Glenmark’s VWash brand
Glenmark Pharmaceuticals has announced that it has entered into an agreement to sell its VWash brand to Hindustan Unilever. Under the terms of the deal, HUL will pay an upfront sum as well as deferred consideration based on sales for three years, although the exact sum was not disclosed.
CLICK HERE
Well-being firm Tycoon proves agility with COVID-19-inspired deals
Hong Kong-based Tycoon is said to be gearing up for an IPO and has signed a Joint Venture with CR Pharm to tap the vast and growing PRC health care and hygiene products market.
CLICK HERE
Airport Authority Hong Kong announces HK$1 billion relief package
Airport Authority Hong Kong (AA) has announced a HK$1 billion relief package to help its partners as passenger numbers plummet in the wake of the coronavirus outbreak, according to a press release issued by the same.
CLICK HERE
Reckitt Benckiser #HandWashChallenge TikTok challenge accrues 18 billion views in a week
Reckitt Benckiser Dettol #HandWashChallenge TikTok initiative has accrued over 18 billion views in a week, with the company encouraging Indian consumers to wash their hands amidst the coronavirus outbreak.
CLICK HERE
Shanghai Yuemu Cosmetics weighs up potential sale
Chinese beauty mask maker Shanghai Yuemu Cosmetics is said to be weighing up options following the failure of a previous deal, with a potential sale said to be on the cards, according to a report by Bloomberg.
CLICK HERE
Hindustan Unilever increases soap prices as raw materials cost rise
Hindustan Unilever (HUL) has announced increased prices of soap and shampoo products in response to a price hike for raw materials.
CLICK HERE
L’Oréal teams up with hotpot restaurant Dian Tai Xiang to promote Infallible Cushion
L’Oréal Paris has teamed up with famed Chinese hotpot restaurant Dian Tai Xiang to promote its long-wear make-up, according to a report published by The Drum.
CLICK HERE
Shiseido plans new Chinese research facility
Shiseido has announced plans to establish a new research branch of its China Innovation Center in the Oriental Beauty Valley, an industrial park for the health and beauty industries based near Shanghai.
CLICK HERE
Li & Fung to go private in US$930 million deal
Li & Fung is set to be taken private in a deal worth some US$930 million, according to a report published by Bloomberg.
CLICK HERE
Malaysia: we won’t shut down our palm plantations
Malaysia has told its palm plantations that they are exempt from country-wide measures designed to curb the spread of coronavirus, according to a report published by Reuters.
CLICK HERE
Japanese drugstore Maruya opens first offshore space in Hong Kong
Japanese drugstore Maruya has launched its first offshore international space in Sheung Shui, Hong Kong, according to Inside Retail Asia.
CLICK HERE
JD announces US$2 billion share repurchase program
JD.com has announced that its board of directors has authorized a share repurchase program, under which the company may repurchase US$2 billion of its shares over the next two years.
CLICK HERE
Chinese car giant BYD Co claims to be world’s biggest mask maker
Chinese car maker BYD Co now claims to the biggest producer of face masks after it started production to cater to the demand following the coronavirus outbreak, according to Bloomberg.
CLICK HERE
Lotte closes Gimpo airport store as traffic plummets
Lotte Duty Free has closed a store located in Gimpo International Airport, according to a report published by The Korea Herald, and reduced opening hours for stores in the city centre.
CLICK HERE
Jurlique forced to issue product recall due to incorrect labelling
The Australian Competition and Consumer Commission (ACCC) has issued an urgent product recall for some Jurlique products, following incorrect ingredient labelling and subsequent allergy fears.
CLICK HERE
MyGlamm raises INR 13.5 Cr from Trifecta Capital
MyGlamm has raised INR 13.5 Cr from venture capital firm Trifecta Capital, in the form of debt, equity and preference shares, according to inc42.com.
CLICK HERE
Mary Kay pulls the plug on Australia and New Zealand markets
Mary Kay has shut down operations in Australia and New Zealand, according to a report published by News.com.au.
CLICK HERE
Activist investor urges Kirin to sell off cosmetics venture
An activist investor is pressuring Japan’s Kirin to sell off ‘non-beer’ investments in order to better focus on its beverage business, according to a report published by Reuters.
CLICK HERE
Purchases plunge as traffic tanks in travel retail channel
Transport authorities have started to offer rent relief to those hit by the significant drop in traffic caused by the coronavirus outbreak, according to a report published by Market Screener.
CLICK HERE
L’Oréal India launches media account review
L’Oréal India is expected to review its Rs400 crore media account, according to a report published by Best Media Info.
CLICK HERE
Amorepacific Group appoints Carat as agency of record for China
Amorepacific Group has announced the appointment of Carat as its agency of record for its China media business, according to a report by Marketing Interactive.
CLICK HERE
Biddings for Incheon airport duty-free stores licences fall through due to lack of tenders
Biddings for Incheon International Airport duty-free stores, including for perfumes and cosmetics, licensees have fallen through due to lack of tenders in the first auction failure, according to a report by the Korea Herald.
CLICK HERE
Sasa re-enters Singapore with Shopee launch
Sasa International has re-entered the Singaporean market via the Shopee platform, according to a report published by Retail News Asia.
CLICK HERE
JD.com reports record earnings for Q4 as it ‘spares no effort’ to fight COVID-19
JD.com reported robust top-line growth and record earnings for the fourth quarter of fiscal 2019. The tech company also announced the planned retirement of its CFO, Sidney Huang, in September.
CLICK HERE
Home entertainment: Quarantined Chinese buy condoms, cosmetics and yoga mats to stave off boredom
China’s consumers have taken to the internet to stave off boredom as they see out their quarantine, according to a report published by Reuters.
CLICK HERE
Shiseido orders 8,000 staff to work from home in Coronavirus precautionary measure
Shiseido has told 8000 members of its Japanese staff to work from home due to precautionary measures regarding the Coronavirus outbreak.
CLICK HERE
AmorePacific sells building to ‘improve liquidity’
AmorePacific has announced the sale of its Sungam Building in the Gangnam district to Hanyang Construction for 160 billion won in a bid to better the company’s financial position.
CLICK HERE
MECCA Cosmetics called out for misleading cruelty-free claims
Mecca Cosmetics has been called out online for stating misleading cruelty free claims, according to a report by News Daily.
CLICK HERE
Amway 2019 sales down 5 percent year-on-year
Amway has reported 2019 sales of $8.4 billion for the year ending 31 Dec, 2019, a 5 percent fall year on year.
CLICK HERE
Croda profit hit by Chinese trade war, change in Chinese sales laws, Coronavirus
Croda has reported a drop in annual profit, put down to the ongoing trade war between the U.S. and Beijing, as well as a change in Chinese trade laws and the ongoing threat of the Coronavirus.
CLICK HERE
AmorePacific opens Green Tea research center
AmorePacific has announced the opening of a Green Tea Probiotics Research Center to deepen the study of lactobacillus recently discovered in its Jeju organic green tea garden.
CLICK HERE
L’Oréal: Chinese online sales boom in midst of coronavirus crises
L’Oréal CEO Jean-Paul Agon has revealed that online sales in China have gone some way to compensate for a dip in business in the wake of the coronavirus outbreak, according to a report published by Reuters.
CLICK HERE
LG Household & Health Care strikes deal for Physiogel
LG Household & Health Care has agreed to acquire the license for Physiogel in Asia and North America, according to a report published by The Korea Herald.
CLICK HERESimone Biles teams up with SK-II to break competitive beauty standards in sport
American gymnast Simone Biles joins a slew of athletes to star in SK-II’s #NoCompetition campaign, which aims to remove the toxic competitive nature surrounding beauty in sport.
CLICK HERE
Lotte Duty Free launches new eco-friendly packaging
Lotte Duty Free has launched biodegradable packaging such as bubble wrap and paper bags to replace plastic, in a bid to lead the industry in its eco-friendly offering.
CLICK HERE
Lotte to open Sydney flagship
Lotte Duty Free is poised to open a flagship store in Sydney’s Central Business District, according to a report published by Shopping Centre News.
CLICK HERE
Pakistan and Turkish agencies cooperate on Halal standards
The Halal Accreditation Agency of Turkey and Pakistan National Accreditation Council have signed a memorandum of understanding with a view to developing uniform standards, according to a report published by Urdu Point.
CLICK HERE
India’s anti-profiteering authority to investigate L’Oréal
India’s National Anti-profiteering Authority has ordered a new investigation into L’Oréal India, according to a report published by the Economic Times.
CLICK HERE
Coronavirus continues to bite as Sa Sa Holdings announces store closures
Sa Sa International Holdings has announced 21 store closures in the city and Macau in what has been put down to cost cutting measures as the Coronavirus continues to affect sales, according to a report by South China Morning Post.
CLICK HERE
Shiseido announces Lauren Tsai as newest Global Ambassador
Shiseido has appointed actress and illustrator Lauren Tsai as its new Global Ambassador, according to a report by hypebae.com.
CLICK HERE
Clio announces Kim Woo Seok as new face
K-beauty’s Clio has named Kim Woo Seok as its latest brand ambassador, according to a report published by HelloKPop.
CLICK HERE
Australian bushfire aftermath: Honey shortage threatens
Hive + Wellness Australia has petitioned the government for urgent support after a survey of the areas affected by the recent bush fires revealed that bee colonies have taken quite the hit, according to a report published by Food Processing.
CLICK HERE
AmorePacific FY2019: Profit plunges 37.2 percent as costs soar
AmorePacific has reported its results for fiscal 2019. The K-beauty behemoth saw net profit plunge 37.2 percent year-on-year despite an uptick in revenue.
CLICK HERE
Shiseido’s China sales plummet as coronavirus halts consumption
Shiseido saw Chinese sales fall 55 percent during the Lunar New Year holiday compared to the same period last year, according to a report published by the Japan Times.
CLICK HERE
Sephora Australia cancels all classes and beauty services until coronavirus is ‘under control’
Sephora Australia has suspended all custom makeover services and make-up lessons ‘until further notice’ according to a report published by the Huffington Post.
CLICK HERE
AmorePacific expands presence in Indonesia with new retail partnership
AmorePacific has entered into a retail partnership with PT Mitra Adiperkasa (MAP) in a bid to expand its presence in Indonesia.
CLICK HERELATEST NEWS
