Schwarzkopf is touring India with its Colour Caravan in a bid to encourage trial of its color range. The on-ground activation will visit a series of cities across the country, starting with Delhi to promote its Colour Specialist and Simply Color brands.
Poland’s Ministry of Finance has announced a significant cut to the VAT charged on certain beauty services.
Yoshitsu’s Principal Executive Officer, Mei Kanayama has issued a letter to shareholders highlighting the company’s recent accomplishments and plans for 2024. The company is predicting a revival of consumer demand, especially in the health, beauty and luxury sectors.
L’Oreal has announced that its venture capital fund BOLD (Business Opportunities for L’Oreal Development) has closed a minority investment in Chinese luxury fragrance brand, To Summer. Financial terms of the deal were not disclosed.
Nykaa has announced the launch of its Best in Beauty Awards. The digital prize-giving will recognise excellence, celebrate consumer trust, encourage innovation and honor the best of global and homegrown brands within the industry.
Kao Group announced its fiscal 2023 results, net sales decreased by 1.2% to 1,532.6 billion yen, with a like-for-like decline of 3.8%.
Shiseido reported a 40% decline in annual earnings, influenced by a slowing Chinese economy and reduced consumer spending.
Henkel has signed an agreement to acquire the Vidal Sassoon brand and its related hair care business in Greater China from Procter & Gamble. Financial terms of the deal were not disclosed.
The Ayurveda Company (TAC), has revealed that it is planning to hit a milestone number of points of sale in the general trade market in tier 2 and 3 towns by Diwali 2024. The Indian personal care company is targeting 50,000 touchpoints.
AmorePacific has announced its results for the fourth quarter of fiscal 2023. The K-beauty behemoth saw revenue drop 14.9 percent to KRW926 billion while operating profit plummeted 63.7 percent to KRW20.7 billion.