AmorePacific signs VPPA with Bukchon Seomo Wind Power
AmorePacific has signed what it is claiming to be Korea’s first Virtual Power Purchase Agreement (VPPA) with Jeju-based Bukchon Seomo Wind Power.
C-beauty gains ground in the fragrance market
Locally made fragrances are starting to gain popularity in China, according to a report published by Nikkei Asia. Brands such as To Summer and Documents have developed a dedicated following among younger shoppers, who have displayed a marked preference for domestic labels over foreign imports.
Mane Group invests €23 million in Indian manufacturing
French flavors and fragrances manufacturer, Mane Group has invested €23 million in two new manufacturing facilities in India, according to a report published by Indian Retailer. The company’s Chairman, Jean Mane cut the ribbon on the new Gujarat and Hyderabad plants.
Lee Jung-ae makes history as first female CEO at LG Household & Health Care
LG Household & Health Care has named Lee Jung-ae as Chief Executive Officer, the first woman to step into the top job in the company’s history, according to a report published by Korea JoongAng Daily.
Australian distributor Frostbland acquires skincare brand Alya Skin
Australian distributor Frostbland has acquired skincare brand Alya Skin.
Shiseido ups investment in Chinese market
Shiseido has pledged some US$140 million in order to boost its innovation capabilities in China, according to a report published by Xinhua.
L’Oréal teams up with Hotel Shilla to launch new luxury brand
L’Oréal has teamed up with Hotel Shilla and Anchor Equity Partners to launch a newly created luxury beauty brand via a joint venture named Loshian.
Japanese financial services group Orix to acquire cosmetics mail-order company DHC
Japanese financial services group Orix is set to acquire Toyko-based mail-order cosmetics and health company DHC in a US$2.1 billion deal, according to Nikkei Asia.
Shiseido to issue first sustainability linked bonds
Shiseido is set to offer its first sustainability linked bonds, having filed an Amended Shelf Registration Statement on November 11 with the Director General of the Kanto Local Finance Bureau.
Kao pilots subscription beauty program
Kao Corporation has announced that its prestige skin care brand, est is set to pilot a subscription model. Some 20 customers will test the program, which costs ¥300,000 per year, from this month.
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