Shiseido has announced another new business transformation plan. Mirai Shift Nippon 2025 is part of a process led by President and COO, Kentaro Fujiwara, to review and carry out a structural reform of the Japan business.
Australian indie skin care brand, Hey Bud has gone viral on TikTok after a canny promotional stunt timed to coincide with Taylor Swift’s Australian Eras tour. The brand handed out friendship bracelets and samples to fans as they entered the concert.
Charlotte Tilbury has announced a global partnership with Chinese actor Deng Wei. The C-drama star joins the brand as Global Makeup Spokesperson.
Ulé, a French beauty brand launched by Shiseido Company in 2022, has introduced a digital product passport for its new C-Bright serum.
The Estée Lauder Company has collaborated with Chinese fashion designer Shuting Qiu to launch a limited-edition makeup collection featuring vibrant floral motifs and traditional Chinese elements.
Kao has launched a new product designed to protect skin from discomfort caused by humidity and temperature stress. Biore Zero promises to provide a protective veil for skin, keeping it comfortable for an extended period of time.
China’s Hainan province reported record sales over the Lunar New Year holiday with shoppers spending some CNY2.49 billion over the 8-day break, up 60 percent yoy. Average spend stood at CNY8,358.
Schwarzkopf is touring India with its Colour Caravan in a bid to encourage trial of its color range. The on-ground activation will visit a series of cities across the country, starting with Delhi to promote its Colour Specialist and Simply Color brands.
Poland’s Ministry of Finance has announced a significant cut to the VAT charged on certain beauty services.
Unilever’s Rexona antiperspirant launched a campaign for its Clinical range featuring Aussie legend Sophie Monk.
Rajneesh Chopra has been appointed as the new chief of Amway India, succeeding Anshu Budhraja.
Yoshitsu’s Principal Executive Officer, Mei Kanayama has issued a letter to shareholders highlighting the company’s recent accomplishments and plans for 2024. The company is predicting a revival of consumer demand, especially in the health, beauty and luxury sectors.
L’Oreal has announced that its venture capital fund BOLD (Business Opportunities for L’Oreal Development) has closed a minority investment in Chinese luxury fragrance brand, To Summer. Financial terms of the deal were not disclosed.
Nykaa has announced the launch of its Best in Beauty Awards. The digital prize-giving will recognise excellence, celebrate consumer trust, encourage innovation and honor the best of global and homegrown brands within the industry.
Kao Group announced its fiscal 2023 results, net sales decreased by 1.2% to 1,532.6 billion yen, with a like-for-like decline of 3.8%.
Shiseido reported a 40% decline in annual earnings, influenced by a slowing Chinese economy and reduced consumer spending.
New Zealand’s Environmental Protection Authority has announced a ban on forever chemicals in cosmetics that will come into force by 2026, potentially making the country the first to outlaw PFAS.
Henkel has signed an agreement to acquire the Vidal Sassoon brand and its related hair care business in Greater China from Procter & Gamble. Financial terms of the deal were not disclosed.
The Ayurveda Company (TAC), has revealed that it is planning to hit a milestone number of points of sale in the general trade market in tier 2 and 3 towns by Diwali 2024. The Indian personal care company is targeting 50,000 touchpoints.
Chanel is preparing for a leadership transition in its Asia Pacific region, with Vincent Shaw, the current Asia Pacific president, set to retire at the end of June after a 30-year tenure.
Mugler is entering the Chinese market with a new retail concept that blends fragrance and fashion and is launching Alien Hypersense, a fragrance led by model Anok Yai.
AmorePacific has announced its results for the fourth quarter of fiscal 2023. The K-beauty behemoth saw revenue drop 14.9 percent to KRW926 billion while operating profit plummeted 63.7 percent to KRW20.7 billion.
While many western firms have exited from Russia, India’s The Love Co has spotted an opportunity. The brand has announced that it has launched in the market via e-commerce platforms Ozon and Wildberries and hopes to venture into bricks and mortar in the near future.
Cosmax has announced the establishment of a dedicated OTC lab for sunscreen products within its R&I Center in South Korea. The facility will serve as a specialized laboratory that supports an entire process of sunscreen product production from research to manufacturing.
The European Union has drafted a regulation that, if formally adopted, will require cosmetics manufacturers to cover some 80 percent of the cost required to tackle the pollution caused by microplastics.
Ultra Violette, an Australian sunscreen brand, has received a US$15 million investment from Aria Growth Partners.
Amorepacific has rebranded to AP.
Procter & Gamble has revealed that its SK-II brand saw sales dive 34 percent in the three months to December 31, 2023. However, the US FMCG giant was quick to point out that its premium skin care brand has bounced back from a similar slump before and is expected to do so again.
Kao has launched its Molton Brown brand onto the Malaysian market with the opening of a flagship store in the Exchange TRX Mall, Kuala Lumpur.
Henkel has cut the ribbon on its new Asia R&D center for Consumer Brands in Shanghai. The RMB100 million facility is the Schwarzkopf manufacturer’s largest in Asia.
Maggie Chan, CEO of Sephora Greater China, has resigned after a five-year tenure.
Hindustan Unilever (HUL), the Indian arm of Unilever, reported its quarterly results, which fell short of market expectations.
Coupang and LG Household & Health Care have reconciled after a five-year dispute over cancelled orders. LG H&H will sell its Elastin, Perioe, CNP, O’Hui and Sum 37˚ on the platform once more.
SaSa International has announced its unaudited results for the third quarter of the current financial year. Sales hit a total of HK$1,182.2 million in the three months to December 31, 2023, up 36.7 percent yoy.
Huda Beauty is hoping to capture the hearts of Indian shoppers, having made its debut on e-commerce platform Myntra. The platform will also offer Huda Beauty’s recently launched Wishful skin care line as well as Kayali fragrances.
Sydney Sweeney has been appointed as the global brand ambassador for Laneige, expanding her role from being the brand ambassador for Laneige US.
USHOPAL GROUP, a Chinese luxury beauty and retail group, announced its lead investment in the high-end fragrance brand DOCUMENTS.
The Body Shop has announced the closure of its direct selling operations, known as The Body Shop At Home, in the United Kingdom and Australia.
LG Household & Health Care is showcasing its mini tattoo printer at this year’s Consumer Electronics Show (CES 2024). Imprintu, as the gadget has been named, prints temporary AI-generated designs on skin, clothing or other objects.
Californian make-up brand, ColourPop Cosmetics has launched onto the Indian market via Nykaa’s platforms. The Seed-beauty owned brand will be available on Nykaa’s platforms and in bricks and mortar stores.
Benefit is withdrawing from three of China’s biggest e-commerce platforms. The LVMH-owned brand will no longer be sold via Tmall, JD.com or Douyin but will continue to be stocked in Sephora stores nationwide.
Dubai Duty Free has partnered with Alipay+ to offer a seamless travel and checkout experience for international visitors at Dubai and Al Maktoum International airports.
The Advertising Standards Authority has ruled that Rimmel’s school-themed makeup advertisement was irresponsible for implying that makeup is necessary for school success.
Nivea India has appointed Geetika Mehtal as its new managing director.
Chinese cosmetics brand, Hi!Papa has closed a Series A+ funding round led by L Catterton. Financial terms were not disclosed. The investment will help the Gen Alpha-focused line further scale in the country’s rapidly growing kids personal care market.
Chanel is said to have cut the ribbon on its first Fragrance & Beauty location in Mumbai. The French luxury label’s new store is situated at the Phoenix Palladium Mall and is the third such location in India.
Shiseido has announced that it has signed a definitive agreement to acquire Dr Dennis Gross Skincare. Financial terms of the deal were not disclosed. The impact on Shiseido’s financial results in 2024 will be revealed at a later date.
China’s medical regulator has suspended imports from Japanese cosmetics company Hoyu Co after conducting an online inspection of its factory in Japan.
The Estee Lauder Companies’ New Incubation Ventures is said to have acquired a minority stake in Chinese luxury fragrance brand, Melt Season. Financial terms of the deal were not disclosed.
Following its planned change to its corporate governance structure, Shiseido has nominated candidates for the Board of Directors and Corporate Executive Officers to be voted upon at its AGM in March, 2024.