Marubeni has announced that it has sealed a capital allowance deal to underwrite a third-party allotment of new shares by Osaji. The Japanese firm will invest some ¥1 billion in Osaji, which was spun off from Nitto last month.
Yatsen has announced its unaudited results for the third quarter of 2023. The Chinese beauty firm saw revenue fall 16.3 percent versus the prior-year period to RMB718.1 million, which it attributed primarily to its colour cosmetics brands.
Unilever India has recently announced the appointment of Gayatri Makhijani Ray as the head of its digital hub.
Honasa Consumer, the parent company of beauty and personal care product maker Mamaearth, saw its shares rise by 20% following a report of increased quarterly profits.
In collaboration with Chanel, Shinsegae Duty Free has announced the opening of the largest mega-beauty podium in Asia duty-free. Chanel Wonderland, as the stand has been named, made its debut at Incheon International Airport’s Terminal 2.
Louis Vuitton has partnered with the well-known Cheng family to make its catwalk debut in Hong Kong. The LVMH-owned luxury brand will debut Pharrell Williams’ pre-fall men’s collection in its first fashion show in Hong Kong.
Japanese jewelry brand Mikimoto has signed a fragrance license agreement with Lalique Group covering a collection of perfumes and crystal editions, stretching through 2035.
Sephora held the first international edition of its SEPHORiA event in China. The LVMH-owned retailer said that the event was also the first certified carbon-neutral event for its Chinese arm.
Alibaba is said to have agreed to buy a minority stake in Vietnamese beauty retailer Hasaki via its International Digital Commerce Group unit.
POLA ORBIS HOLDINGS INC. has resolved to establish a new subsidiary focused on its operations in China, a decision made by its Board of Directors on November 20, 2023.
In a recent trademark infringement case, the Zhejiang High Court ruled against Fuzhou Yiqian Beauty and Hairdressing Co., Ltd. (“Yiqian”), Nanchang Magic Styling Co., Ltd. (“Magic”), and others in favour of Henkel Co., Ltd. (“Henkel”).
Revlon is hoping to double its Indian business before the end of the current financial year. Together with its local partner, Modi-Mundipharma Beauty Products, the company is set to open a further 300 stores.
WishCare has raised Rs20 crore in a funding round led by Unilever Ventures. The FMCG giant’s venture capital arm has been steadily building its Indian beauty and wellness portfolio with investments in Plum, Minimalist, Curefit and What’s Up Wellness.
Kao has reported its results for the nine months ended September 30, 2023. The Japanese consumer goods manufacturer saw sales drop 0.2 percent compared to the same period in 2022 to ¥1,125,883 million. Operating income plummeted 34.1 percent and diluted earnings per share dropped from 2022’s ¥123.82 to ¥70.
South Korean cosmetics company Amorepacific Corp. has announced that three of its camellia-derived cosmetic ingredients have received COSMOS certification.
Shiseido, a Japanese cosmetics company, has reduced its full-year profit forecast due to a drop in demand from Chinese consumers.
Shein, the online fast fashion retailer, is aiming for a valuation of US$80 to US$90 billion for its potential U.S. initial public offering (IPO).
Yakult’s Utsunomiya-based distributor has opened a café, beauty salon and gallery space in Japan’s Tochigi prefecture. It is said to be the first of its kind.
Kao has revised its Action Policies on Conservation of Biodiversity via its newly published Action Policy on Biodiversity. The J-beauty firm will continue to actively engage in biodiversity conservation and restoration as well as take actions that help nature regenerate.
FSN E-commerce Ventures has reported its results for the three months to September 30, 2023. The owner of Nykaa saw revenue rise 22.4 percent year-on-year to ₹15.07 billion – its slowest growth since its November 2021 listing.
The Estee Lauder Companies and Nykaa have announced the winners of their 2023 Beauty&You Awards in India.
Sephora has partnered with Reliance Beauty & Personal Care Limited, a subsidiary of Reliance Retail Ventures Limited, to enhance its prestige beauty retail in India, granting RRVL exclusive rights to expand Sephora’s presence in the country.
Amorepacific has expanded its presence in the global market by acquiring additional shares of COSRX, making COSRX a subsidiary of Amorepacific.
Shiseido has unveiled an employee childcare support service in partnership with Kangaroom+. The service will provide housework and child care assistance by licensed, qualified postpartum care professionals to employees with children aged under 3 months.
AmorePacific Group has reported its results for the third quarter of the current financial year. The K-beauty behemoth saw net sales drop 5.7 percent yoy to KRW963.35 billion, while operating profit decreased 13 percent.
The Beauty Health Company has announced the launch of its first DTC sales channel on Tmall. The Californian firm’s flagship brand, Hydrafacial will offer a series of skin health treatment packages via the Chinese e-commerce platform, which can then be redeemed at a verified provider.
Dr.Jart+ has named K-pop group ENHYPEN as their first global ambassador.
Estee Lauder-owned TOM FORD BEAUTY has officially appointed Wei Daxun as its fragrance ambassador, with plans to release a new advertising campaign.
Prada is said to be considering listing on the Milan Bourse. The Italian fashion designer is currently listed in Hong Kong and is mulling a dual listing on its home turf.
L’Occitane has announced its unaudited results for the quarter ended September 30, 2023. The natural cosmetics group said that it ‘maintained solid momentum’ in the first half of fiscal 2024, with sales rising 18.5 percent (reported) yoy to €1,072 million. Q2 sales increased 17.1 percent to €569.8 million.
Yoshitsu has announced that it is set to launch direct-sale stores in Canada. The shops will be designed to cater to the local demand for J-beauty.
SHISEIDO has opened it’s first independent boutique store in India, located at Inorbit Mall in Malad, Mumbai.
Procter & Gamble Co. is considering selling its Chinese operations of the hair-care brand VS Sassoon, as reported by sources familiar with the situation.
SK Chemicals has announced that it has signed a letter of intent with The Estee Lauder Companies to supply circular recycling solutions.
Could India’s booming beauty market offer salvation to the struggling Body Shop? The Natura &Co-owned business is said to be planning to open some 50 stores across tier 3 And 4 cities across the country.
Kao has unveiled its first flagship store for its Sensai brand in Shanghai, China. The experience-based concept store is divided into two zones; an immersive spa and shopping area.
South Korea has reached a Comprehensive Economic Partnership Agreement (CEPA), a form of free trade agreement (FTA), with the United Arab Emirates (UAE), marking South Korea’s first FTA with an Arab nation.
Shinsegae International is undergoing a strategic transformation, transitioning from being a local importer of premium beauty products to entering the global luxury cosmetics market with its brand, Poiret.
Special Purpose Acquisition Company, Plutonian Acquisition Corp is set to merge with Big Tree Cloud. Following the merger, the Chinese feminine hygiene manufacturer will be operated under a holding firm called Big Tree Cloud Holdings and listed on the Nasdaq Stock Market.
L’Oreal China has unveiled an exhibition that celebrates beauty and tolerance. Beauty Everything in the World, as the show has been dubbed, is located at Chengdu’s Courtyard No 1 and is free to view.
Gucci has named Davika Hoorne as Brand Ambassador for its fashion and beauty ranges. The model and actor is the Kering owned brand’s first Thai ambassador.
The Abu Dhabi Investment Authority (ADIA) has upped its stake in Reliance Retail. The UAE-based firm will purchase an additional 0.6 percent in Ambani’s empire, for ₹49.7 billion.
Shukran Korea Inc., a Korean startup, has developed a platform that provides Halal and allergenic safety checks for Korean cosmetics and food products, targeting the Middle Eastern market.
TikTok has shut down its online retail operations in Indonesia following a ban on e-commerce activities on social media.
Marcelo Claure, former CEO of SoftBank Group International and current investor, has been appointed SHEIN’s Group Vice Chairman.
DFS has announced that it will open a seven-star retail and entertainment destination in Sanya, Hainan, China by 2026. DFS Yalong Bay, as the new 128,000 sq m site will be known will feature more than 1,000 luxury brands.
Unilever Philippines has ramped up production by 15 percent thanks to an €80 million investment in a state-of-the-art facility.
Garnier and the Great Barrier Reef Foundation have announced a multi-year partnership to support the survival of the world’s largest coral reef system.
Kao is mulling the sale of several non-core cosmetics brands in a bid to return to profit. The Japanese owner of Molton Brown is forecasting a further drop in net profit for 2023.
Procter & Gamble India (P&G India) is setting up a ‘P&G Supply Chain Catalyst Fund’ worth 300 crore.