L’Oréal China CEO: We stay strong in Chinese market by understanding the consumer
L’Oréal China CEO Alexis Perakis-Valat has spoken of the company’s success in the Chinese market, and has attributed it in part to how well it understands the local consumer. Speaking to China Daily.com, Perakis-Valat said, "What is more interesting is the underlying...
AmorePacific’s exports to hit US$200 million milestone
AmorePacific is hoping to achieve a milestone target of exports this year, and is on track to hit the US$200 million mark – a K-beauty first, according to a report published in The Korea Times. The latest figures from the Korean Customs Service show that the South...
Procter & Gamble moves to local production in Pakistan
Having broken ground on a new project to extend its existing manufacturing facility at Port Qasim, Karachi, Procter & Gamble is planning to manufacture its popular hair care ranges, Pantene and Head & Shoulders, locally for the Pakistan market, according to a...
Sa Sa reports profit slump due to Chinese tourist slowdown
Hong Kong skin care and cosmetics retailer Sa Sa International Holdings has reported a half-year net profit plunge of 55 percent; hit by a drop in mainland tourists. Net profit fell to HK$153 million ($19.7 million) for the six months ending September 2015, while...
Matrade: Tokyo 2020 is the perfect opportunity to explore the Japanese halal market
Malaysia’s External Trade Development Corporation (Matrade) hosted a seminar for SMEs on export opportunities for Malaysian halal products and services, held in partnership with global logistics consultant Nippon Express and Brahim’s Holdings, highlighting how the...
Yonwoo to enter new packaging sectors with US$53.4 million raised via IPO
Yonwoo is set to enter the pharmaceutical and household goods packaging markets with the help of US$53.4 million raised by an initial public offering. The South Korean cosmetics packaging molder is also planning to extend its research capabilities. The company, which...
GIC invests US$120 million in Hong-Kong’s Bloomage
Singaporean sovereign fund GIC has invested HK$659 million in leading cosmetics ingredients supplier Bloomage BioTechnology Corporation in a bid to secure a foothold in China’s aesthetic medical ecosystem. The investment consists of HK$465 million in convertible bonds...
Q3 earnings soar 34.9 percent at K-beauty favorite AmorePacific
AmorePacific has announced an impressive 34.9 percent rise in net earnings to KRW142.24 billion for 3Q 2015. The leading K-beauty brand attributed its growth to a strong performance in China, which more than offset sluggish duty free sales caused by the MERS outbreak....
AmorePacific promotes K-beauty tourism with second innovation center
AmorePacific has cut the ribbon on its second Jeju Creative Economy Innovation Center. The company invested more than KRW100 billion to establish its second facility, which is intended to foster research, support start-ups in Jeju and promote tourism to the island....
Estée Lauder Companies buys stake in Korean skin care brand Dr Jart+
The Estée Lauder Companies has announced that it has signed an agreement to purchase an interest in Have & Be Co, the company behind K-beauty skin care brand Dr Jart+ and male grooming range Do The Right Things, for an undisclosed sum. The deal is expected to...
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