L’Oréal Leaps into Chinese Biotech
L’Oréal has announced a minority investment in the Chinese biotech company, SHINEHIGH INNOVATION.
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.
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.
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.
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