Dior Beauty teams up with South Korean Zepeto to launch digital makeup collection
Dior’s beauty arm has teamed up with South Korean social media app Zepeto to launch a digital collection, aimed at a Gen Z audience.
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Streaming service Netflix to open first bricks & mortar story in Tokyo
U.S.-based streaming service Netflix is set to open its first bricks & mortar store in the first half of 2022, located in Tokyo.
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Skin care brand Kans severs ties with Kris Wu over sexual assault allegation
Local Chinese skin care brand, Kans has announced that it will sever all ties with pop star Kris Wu after the singer was accused of the date rape of a teenage girl, according to a report published by France 24. Wu has denied the allegations.
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Shinsegae debuts overnight delivery for beauty products
Shinsegae’s online shopping unit, SSG.com has launched an overnight delivery service for beauty products, according to a report published by Aju Daily.
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Bewakoof debuts beauty brand, Cosmos
Bewakoof has announced the launch of its first beauty and personal care line, according to a report published by Mint. The Indian D2C fashion brand’s first foray into cosmetics has been named Cosmos.
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NX Nivea announces winners of accelerator program
NX Nivea Accelerator, the global beauty startup acceleration program of Beiersdorf, has announced the five winners of its annual start-up acceleration program.
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India’s Flipkart valuations soars to US$37.6 billion following fundraising efforts
Indian e-commerce start-up Flipkart, backed by Walmart, has seen its valuation rise to US$37.6 billion following fundraising supported by Japan’s SoftBank Group and other investors, according to WSJ.
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Wesfarmers enters bid for Australian Pharmaceutical Industries
Wesfarmers has announced that it has submitted a non-binding offer to the Board of Australian Pharmaceutical Industries to acquire 100 percent of API’s shares for US$1.38 per share. The proposal price equates to a total equity value of US$687 million, based on 498.2 million fully diluted shares outstanding.
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Chinese court awards L’Occitane US$1.4 million) in trademark infringement suit
A Chinese appeal court has awarded L’Occitane damages of US$1.4 million (RMB9 million) and an injunction for trademark infringement and unfair competition, according to a report published by the National Law Review.
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WeChat groups key to reaching Chinese customers
Chinese and foreign brands are becoming increasingly reliant on WeChat to reach shoppers, according to a report published by SCMP.
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L’Oréal promotes Indian managers to regional leadership roles
L’Oréal has promoted four leaders from the Indian management team to regional management roles across the South Asia, the Middle East and North African (SAPMENA) zone, according to the Times of India.
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Shiseido to open boutique at Haneda Airport ahead of Toyko Olympics
Shiseido will launch a new boutique in the international departure area of Haneda Airport Terminal 3, ahead of next month’s Tokyo Olympics.
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Bombay Shaving teams up with cricketer Ashwin over razor launch
Bombay Shaving has named R Ashwin as Brand Ambassador, according to a report published by Mint.
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P&G Singapore opens dedicated baby care R&D center
Procter & Gamble Singapore is extending its R&D capabilities with the launch of a dedicated baby care research facility at the P&G Singapore Innovation Center, according to a report published by Biospectrum Media.
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Shiseido completes sale of personal care business; creates joint venture Fine Today Shiseido
Shiseido has announced that it has completed the sale of its personal care business, previously announced in February this year.
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Estée Lauder Companies fined 400,000 yuan for false Clinique claims in China
The Estée Lauder Companies has been fined 400,000 yuan (US$61,920) by Jing’an District Administration for Market Regulation due to misleading claims on a Clinique product, according to Shine.cn.
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L’Occitane FY2021 net profits boosted by online sales; taking ‘human approach’ to beauty
L’Occitane has reported an annual net profit rise of 36.3 percent to a record €157 million, with that sales and performance ‘exceeding expectations.’
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Indian consumer tech company boAt expands into personal grooming sector
Indian D2C consumer tech company boAt has expanded into the personal grooming sector with its new venture, named MISFIT, aimed at millennials.
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IOI to cooperate with forced labor investigation
Palm oil supplier IOI has issued a statement in response to allegations concerning forced labor at its Malaysian branch. The commodity producer revealed that it was aware of a letter from US Customs and Border Protection which acknowledges receipt of a petition containing said allegations and that it has determined that there is sufficient cause to investigate.
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Kao reports on sustainability progress
Kao has released progress reports on its ESG (Environmental, Social and Governance) strategy, the Kirei Lifestyle Plan, first announced in April 2019.
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UK health and wellness retailer Holland & Barrett launches into China via Tmall
UK health and wellness retailer Holland & Barrett has launched into China via Alibaba’s Tmall site.
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Global investment firm KKR acquires controlling stake in Vini Cosmetics
Global investment firm KKR has acquired a controlling stake in Indian beauty company Vini Cosmetics in an investment deal worth US$625 million.
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Yooma pulls out of China following CBD ban
Canadian wellness platform Yooma has announced that it will be discontinuing operations in China, effective immediately.
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Nivea India names new Marketing Director
Beiersdorf-owned Nivea India has named Ajay Simha as its Marketing Director, effective immediately, according to a report published by the Financial Express.
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Beiersdorf expands its NX Nivea Accelerator to China
Beiersdorf is expanding its NX Nivea Accelerator program to Shanghai, China following its success in Seoul, South Korea. To that end, the German manufacturer of Nivea has selected five start-ups for its first cohort.
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MyGlamm names Shraddha Kapoor as Brand Ambassador and Investing Partner
MyGlamm has appointed Shraddha Kapoor as Brand Ambassador. Kapoor has also invested in the brand.
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Shiseido creates new holding company for its personal care business
Shiseido has created a new holding company for its personal care brands Tsubaki and Senka, with CVC Capital Partners named as a joint investor.
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Shiseido names 10 recipients of the 14th Shiseido Female Researcher Science Grant
Shiseido has chosen 10 recipients, for its 14th Shiseido Female Researcher Science Grant – each will receive ¥1 million.
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Jennie Ma appointed as General Manager, Lancôme, North Asia zone
Jennie Ma has moved into the role of General Manager, Lancôme, North Asia zone, according to a report by Marketing Interactive.
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Beauty start-up Pilgrim raises Rs13 crore in Series A funding round
Direct-to-consumer beauty start-up Pilgrim has raised Rs13 crore in a Series A funding round, led by Fireside Ventures, Rukum capital, the Founder and CEO of Bewakoof.com, and the founding teams of Boat and NoBroker, according to a report by the Economic Times India.
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16,000 passengers boarded flights to nowhere for duty free splurge
Almost 16,000 passengers have boarded 152 flights ‘to nowhere’ in order to indulge in a tax free shopping spree, according to a report published by The Korea Herald quoting data from the Korea Customs Service.
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Unilever Bangladesh names new CEO
Unilever Bangladesh has named Zaved Akhtar as Chief Executive Officer and Managing Director, according to a report published by the Dhaka Tribune, effective July 1.
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Hong Kong customs seize biggest haul to date of smuggled luxury goods
Hong Kong’s Customs and Excise Department has seized a cache of luxury goods worth some HK$120 million from smugglers, according to a report published by France24.
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Shiseido chosen as Digital Transformation Stocks 2021, COVID Response (Customer Care) Category
Shiseido has been selected as one of the stocks in the COVID Response (Customer Care) category within the Digital Transformation Stocks (DX Stocks) 2021 program.
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Korean Actress Son Na-eun becomes new face of Neutrogena
Son Na-eun has been announced as the new face of Neutrogena, according to a report by Allkpop.com.
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Estée Lauder appoints Adut Akech as newest Global Brand Ambassador
Estée Lauder has announced South Sudanese-Australian model Adut Akech as its newest Global Brand Ambassador.
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AmorePacific unveils 2030 sustainability goals
AmorePacific has announced a new sustainability agenda, named 2030 A MORE Beautiful Promise. The strategy comprises five goals under two guiding pillars, which are ‘moving forward together with customers and society’ and ‘coexisting responsibly with nature’.
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MyGlamm names former Unilever executive CMO
MyGlamm has appointed Apratim Majumder as Chief Marketing Officer, according to a report published by Indian Television.
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Shiseido has announced company wide organizational restructures, as well as management changes, with a focus on sustainability.
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Unilever’s Dove launches forest restoration project in fight against climate change
Unilever-owned brand Dove has announced the launch of its €8.5 million Forest Restoration Project, which is designed to protect and restore forests, protect the habitats of endangered species and improve the livelihoods of residents of North Sumatra.
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Cargo ship carrying chemicals and cosmetics sinks off coast of Sri Lanka in marine disaster
cargo ship named MV X-Press Pearl has sunk off the west coast of Sri Lanka. Carrying 25 tonnes of nitric acid, as well as other chemicals and cosmetics, it is said to be one of the country’s worst marine disasters to date.
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Malala Yousafzai unveiled as Vogue’s July cover girl
Malala Yousafzai has been unveiled as the July cover girl for Vogue magazine.
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L’Oréal Paris to withdraw make-up range from Japanese market
L’Oréal Paris has announced that its make-up range will no longer be sold in Japan, according to a report published by The Mainichi.
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Personal care and palm oil get green light in Malaysian lockdown
Malaysia will allow a number of industries to continue operations during its renewed lockdown, which commenced yesterday and will remain in place for two weeks, according to a report published by Reuters.
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India looks to Thailand as palm oil prices soar
India upped palm oil imports from Thailand in May 10 fold versus the previous month, according to a report published by S&P Global, thanks to attractive pricing in comparison to palm oil produced in Malaysia and Indonesia.
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Dior names transgender star Jin Xing face of J’adore
LVMH-owned Dior Beauty has named Chinese transgender actor Jin Xing as the new ambassador for its J’adore fragrance, according to a report published by Global Times.
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Dior appoints J Pop star Tomohisa Yamashita as newest beauty ambassador
Dior has announced J Pop star Tomohisa Yamashita as its newest beauty ambassador.
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Maybelline collaborates with Japanese clothing brand Furifu on Traditions of Japan yukata collection
Maybelline has teamed up with Japanese clothing brand Furifu on a new retro-modern Traditions of Japan yukata collection, according to a report by Sora News.
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P&G Forests for Good initiative launched in Manila
Procter & Gamble has launched its Forests for Good initiative in the Philippines, according to a report published by CBN News.
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G7 poised to endorse 15 percent multinational tax
The G7 looks set to endorse a proposal to impose a global minimum tax on the world’s largest corporations, according to a report published by Reuters.
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