Could the beauty and wellness industry be about to unveil 2021’s answer to CBD? Thailand has seen domestic sales of opioid alternative, kratom boom after the drug was legalized in late August, according to a report published by Bloomberg. The country is now poised to green-light exports to the US, the world’s largest market.
A consortium of Australian fashion brands is calling on the government to up its quota of Afghan refugees, according to a report published by The Guardian, promising to support incomers to find employment in the industry.
AmorePacific-owned Aritaum has partnered with food delivery app Yogiyo in order to offer shoppers a faster delivery service from their local drug store, according to a report published by Aju Daily.
LG Household & Healthcare has purchased a majority stake in US-based vegan hair care manufacturer, Boinca, according to a report published by Pulse News.
L’Oréal Travel Retail Asia Pacific has announced that Emmanuel Goulin, Managing Director of the division, has been appointed Deputy Country General Manager of L’Oréal Italy, heading up the Luxe division and succeeding Luca Guillot Boschetti.
Lagardere has announced that it has sold a stake in its Lagardere Travel Retail Asia arm to JD.com and a Chinese investment firm for CNY720 million in cash.
Amazon has launched a mobile app aimed at helping Indian farmers to optimise their yield, according to a report published by Bloomberg. The Reactive and Proactive Crop plans will provide agricultural workers with the latest technology and insights.
L’Oréal has named Ruby Chun Brand General Manager for La Roche Posay and Cerave for the North Asia region, effective immediately, according to a report published by Marketing Interactive.
Yunnan Botanee Bio-Technology Group is gearing up to list on the Hong Kong stock exchange, according to a report published by Bloomberg, quoting sources ‘close to the matter’.
Shiseido Americas has announced the sale of prestige make-up brands bareMinerals, BUXOM and Laura Mercier to Advent International. Terms of the transaction were not disclosed by Advent, although a statement published by Shiseido lists the transfer price as US$700 million.