Lush Hong Kong flagship to shut for good after COVID-19 closure
Lush has decided to shut its Hong Kong flagship permanently after sales dwindled in the face of months of protests and COVID-19-related restrictions, according to a report published by Inside Retail Asia.
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Indonesian beauty e-commerce start-up Social Bella secures US$58 million in Series E funding round
Indonesian beauty tech start-up Social Bella has raised US$58 million in an ongoing Series E funding round from Temasek, Pavilion Capital and Jungle Ventures.
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Wuhan General Group teams up with Jugular to create CBD-based wellbeing line
CBD specialist Wuhan General Group has announced that it has signed a letter of intent to pursue a partnership with Jugular in order to create a specialized division that focuses on marketable innovation within the nutraceutical sector.
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Sephora strengthens diversity with key Asia appointments
Sephora has promoted Alia Gogi to President of Sephora Asia with immediate effect. Gogi’s appointment, together with the promotions of Sarah Boyd and Maggie Chan further enhances the ‘strong presence of women’ in the LVMH-owned retailer’s senior leadership team.
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Chinese owner of Perfect Diary preps for IPO
The owner of popular Chinese beauty brand Perfect Diary is gearing up for an IPO, according to a report published by Bloomberg, and to that end has appointed Goldman Sachs and Morgan Stanley to advise.
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South Korea’s competition authority green lights LVMH-Tiffany deal
South Korea’s Fair Trade Commission has given the go-ahead for the proposed acquisition of US jewellery brand Tiffany by luxury conglomerate LVMH, according to a report published by The Investor.
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Nivea Accelerator announces second batch of start-ups
Beiersdorf has launched the second edition of its global start-up acceleration program, Nivea Accelerator (NX) in Seoul.
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Hainan province ups duty free allowance for visitors
China’s Hainan province has upped the duty free allowance for visitors as well as increasing the number of goods that qualify for the tax exemption.
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Mumbai-based salon owners protest as COVID-19 business closures continue
Mumbai-based salon and beauty owners are said to be wearing black arm bands and staging sit-ins outside their premises in protest against the government’s exclusion of the sector in its Mission Begin Again, according to a report by mid-day.
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Shiseido to unveil concept store aimed at millennial shoppers
Shiseido is set to cut the ribbon on a new beauty facility, named Beauty Square on Thursday.
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