Our personal care business is not for sale: Shiseido hits back at rumors
Shiseido has released a statement in response to a news report published by Bloomberg stating that the J-beauty giant was poised to transfer its Personal Care business.
Shiseido JV Effectim debuts anti-aging line
The joint venture established between Shiseido and Ya-Man, Effectim, is set to launch a new aging care brand in Japan and China this spring.
Publicis scoops L’Oréal China account
Publicis Groupe has prevailed in one of the biggest pitches in China, according to a report published by Campaign Asia, winning the L’Oréal China planning and buying account from rival Mindshare.
Nykaa hopes for US$3 billion valuation as it prepares for IPO
Nykaa is planning to float early next year, according to a report published by Reuters and is hoping for a valuation in the region of US$3 billion.
Lagardère Travel Retail partners with Hainan Tourism Investment Development to open large scale store
Lagardère Travel Retail has partnered with Hainan Tourism Investment Development to open its second large-scale, Duty Free store in downtown Sanya.
‘The era of micro-commerce has arrived’: JD.com, Dada Group and Innisfree form strategic partnership
Dada Group has announced a strategic partnership with JD.com and Innisfree through which, Innisfree will join the company’s O2O platform, allowing its customers to access Dada Now’s one-hour delivery service and transforming the AmorePacific-owned K-beauty brand’s logistical and order fulfilment capabilities.
Sime Darby palm oil banned from US over slavery allegations
The US is blocking palm oil imports from Malaysian plantation Sime Darby after it was alleged that the supplier was using forced labor in production, according to a report published by Reuters.
L’Oréal launches into J-beauty with acquisition of Takami
L’Oréal has announced that it has agreed to purchase J-beauty company Takami Co. The French beauty giant has renewed a long-term brand licensing agreement with Doctor Takami, owner of the eponymous derma-skin care brand, as well as a collaboration contract with the Takami clinics.
Blackstone private equity to acquire Piramal Glass in $1 billion deal
Blackstone private equity group is set to acquire Piramal Glass packaging company, part of Piramal Group, in a deal worth $1 billion, according to a report by livemint.com.
Circulate Capital invests US$19 million in Indian waste management firms
Circulate Capital Ocean Fund has pledged to invest some US$19 million in four firms hoping to transform India’s waste management and recycling landscape.
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