Amazon admits defeat in China? Rumors swirl around withdrawal
Alibaba and JD.com’s dominance over the Chinese e-commerce market looks to be secured as rumors are swirling around a withdrawal from Amazon. According to a report published by the Drum, the US online shopping behemoth is expected to confirm its intention to pull out...
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Yield Growth sets its sights on China’s lucrative hemp market
Yield Growth Corp has entered into an agreement with Pontier Services to launch its Urban Juve hemp beauty products within the Chinese market in an attempt to capitalize on the billion-dollar hemp market in the country. The products will be sold via the WeChat...
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Carver Korea deal Korea’s most profitable private equity acquisition
The 2016 Bain Capital and Goldman Sachs investment in South Korean cosmetics firm Carver Korea has been reported as being Korea’s most profitable private equity deal. The two companies invested 300 billion won into the company and have since seen a return of more than...
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L’Oréal: Asia business outpaces Europe for first time as appetite for luxury products grow
L’Oréal’s Asian business recorded more revenue than it’s European business for the first time last quarter, according to a report by Bloomberg. The takeover was put down to the growing appetite for luxury products amongst Asian consumers, despite a slower Chinese...
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Alibaba’s Taobao is predicting that livestreaming will be the next big thing in e-commerce. The e-commerce giant reports, quoting figures from Deloitte, that China is the largest livestreaming audience in the world, at 456 million people, with the medium racking up...
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Watch out Alibaba! Qoo10 to launch blockchain site across South-East Asia
Singapore’s biggest e-commerce company is harnessing blockchain technology to launch an e-commerce site across the South-East Asian region that could give Alibaba a run for its money, according to a report published by The Malaysian Reserve. QuuBe as the marketplace...
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Tom Ford to launch Tmall flagship for popular Soleil range
Tom Ford is set to launch a flagship store on Alibaba’s Tmall for his ever-popular Soleil range. The Estee Lauder Companies-owned brand will make its debut on the Alibaba Group e-commerce platform next week, according to a report published by WWD. “Soleil is important...
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L’Oréal India eyeing more acquisitions in local market, says MD Amit Jain
L’Oréal is looking to play on India’s growing appetite for beauty products and is eyeing new acquisitions in the market, according to MD Amit Jain. Speaking to Live Mint, Jain stated that the Indian arm of the French beauty company is looking to acquire companies in...
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Shiseido joins forces with A.S. Watson to launch pollution fighting skincare range
Shiseido has joined forces with A.S. Watson Group to co-launch a line of pollution fighting skincare, named Urban Damage Care, under derma skincare brand d program. The range, aimed at women and created in Japan, is said to protect against urban pollution. Launched in...
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Beiersdorf names first cohort of K-beauty start-ups for incubator program
Beiersdorf has announced the five K-beauty start-ups it has selected for its Seoul-based accelerator program, according to a report published by The Investor. The German manufacturer of Nivea will welcome Internet of Things specialist Reziena, Glowhill brand owner...
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Goop announces Tokyo pop-up
Gwyneth Paltrow’s clean-living brand, Goop is set to make its debut in Asia via a pop-up store in Tokyo open from April 19 through May 26, according to a report published by WWD. The ‘liveable, shoppable experience’ as the company describes the 2,000 sq ft space will...
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Guess who’s back? Sephora to open Hong Kong store after nine-year absence
Sephora is hoping for second-time lucky on the Hong Kong market, returning to the Chinese island some nine years after it withdrew, according to a report published by the South China Morning Post. The LVMH-owned beauty retailer is opening a store-within-a-store at the...
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China approves two new methods in further shift away from animal testing
China has approved two new cruelty-free animal testing methods for imported products in what is seen as a further indication that the country is opening up to cosmetics testing alternatives. The two new tests, the direct peptide reaction assay for skin sensitization...
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Carlyle Group invests in Japanese cosmetics firm Tokiwa Corporation
US company Carlyle Group has invested in Japanese cosmetics firm Tokiwa Corporation. According to the group the investment will be funded by its third buyout fund based in Japan, Carlyle Japan Partners III. Financial details have not been disclosed. Issuing a...
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Celine Dion announced as new global spokesperson of L’Oréal Paris
Celine Dion has been announced as the new spokesperson of L’Oréal Paris. Dion will star in her first campaign for Excellence Hair Color, with a television advertisement debuting April 22nd. Despite having a namesake fragrance range, it is the first time Dion will...
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Samara Capital acquires majority stake in Nature’s Essence
Samara Capital has purchased a majority stake in New Delhi-based cosmetics brand Nature’s Essence, according to a report published by the Economic Times. Samara’s 65 percent stake is worth at Rs200 crore, placing a value of Rs300 crore on the company. Nature’s Essence...
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Shiseido cosies up with Alibaba to grow Chinese business
Shiseido’s China subsidiary has signed a Joint Business Plan with Alibaba Group aimed at strengthening their cooperation. The J-beauty brand has also set up a Shiseido X Alibaba Strategic Development Office in Hangzhou, China – making it the first cosmetics company in...
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We’ve got this: Tmall Global launches support services for international brands
Alibaba-owned Tmall Global is hoping to attract more global brands to its platform with the launch of a series of services designed to support those preparing to launch onto the Chinese market for the first time. The e-commerce platform will offer overseas fulfilment...
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Folium Biosciences to diversify into CBD beauty with new cosmeceutical line created in South Korea
Hemp leader Folium Biosciences is looking to capitalize on the growing CBD beauty market through the launch of a new line of CBD-based cosmeceutical products set to launch this spring. Specialising in CBD-infused products for the past five years, the company has...
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L’Oréal reports 33 percent growth in China, achieving 14-year record high
L’Oréal has posted a 33 per cent rise in China in 2018, achieving a 14-year record high, according to CEO Jean-Paul Agon. Speaking in an interview with Xinhua, Agon stated that L’Oréal is predicting that China will be the company’s biggest market by 2030, with plans...
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Sephora showcases global beauty trends via Shanghai-based runway show
Sephora has showcased its global beauty trends via a runway fashion show held in Shanghai, named Beauty Voice: Global Beauty Trends Preview & Sephora Day 2019 Spring/Summer. The show put the spotlight on its new collection as well as those from its brand partners,...
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Asia is the future: Conde Nast pins hope on China as US/Europe earnings drop
Conde Nast saw its European turnover contract by 7 percent over 2017, according to a report published by Business of Fashion. The world-famous publisher’s turnover for UK, France, Italy, Germany and Spain dropped to £373 million thanks to sharp declines in the UK and...
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LG-owned VDL opens Canadian flagship
K-beauty brand VDL Cosmetics has announced the launch of its first flagship store in Toronto’s Queen West neighbourhood. “I’ve been visiting Korea for years now and having VDL here in North America is beyond exciting. They are a brand that truly delivers high-quality...
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Cle de Peau Beaute jumps on the CSR train with Power of Radiance program
Cle de Peau Beaute has announced the launch of its first global philanthropic program. The Power of Radiance, as the campaign is known, will honor inspirational women whose support for girls’ education initiative has had lasting impact. The Shiseido-owned brand’s...
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Shinsegae innovates in South Korean cosmetics market with new Lego-like make-up collection
South Korean beauty brand Shinsegae has launched its new color make-up brand Stonebrick. Incorporating a Lego-style block system, which allows users to stack each product in a brick puzzle format, the make-up brand has been designed to target young consumers and...
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Shiseido increases trademark application filings
Shiseido increased its trademark application filings in 2018 to 79, up from 33 the previous year, according to a report by WWD.com. According to a report by the World Intellectual Property Organization (WIPO), the move has increased the company’s ranking from number...
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The Estee Lauder Companies faces NetEase Kaola in Chinese courts
The Estee Lauder Companies’ Chinese division is said to be suing cross-border e-commerce platform Kaola for offering MAC cosmetics for sale without authorization, according to a report published by Technode. The lawsuit, which was launched by the US prestige giant...
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Japan’s Laox woos Chinese travellers with O2O service via Alipay
Japanese duty free retailer Laox has teamed up with Alibaba and Alipay to offer Chinese tourists an online-to-offline (O2O) service which will allow them to order goods up to a month ahead of a trip, according to a report published by Jing Travel. Chinese shoppers...
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Puig bets big on emerging markets; piles €12.5 million into Kama Ayurveda
Puig has announced a minority investment in Kama Ayurveda. The Spanish fragrance giant has invested some €12.5 million in the leading Indian Ayurvedic brand. The funds will be piled into furthering the company’s domestic and international expansion and Puig has...
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Kao invests in sustainable packaging through haircare brand Guhl in Europe
Kao has launched new sustainable packaging for its Guhl haircare brand in Europe, with the bottles now being made up of recycled polyethylene terephthalate (rPET). The shampoo bottles are made up of 50 per cent recycled polyethylene terephthalate (rPET) while the...
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Coty India announces key executive leadership changes
Coty India has announced the appointment of two new Country Managers in what is said to be key leadership changes in India to support its continued transformation and growth. Sanjay Sharma has been named as Country Manager for Coty Consumer Beauty for India and...
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A.S. Watson and L’Oréal’s ModiFace launch virtual try-on app service across Asia
A.S. Watson and L’Oréal's ModiFace are said to be driving retail innovation with the launch of a new virtual make-up try-on service #ColourMe across Asia. The partnership will see the virtual service launched on Watson’s mobile apps as of this month, with customers...
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Euromonitor’s Megabrands: L’Oréal and Nivea make the top 10
Euromonitor has published its Megabrands Top 100 Ranking based on retail sales for 2017 and some 25 brands from the beauty and personal care category made the shortlist, second only to food brands. Asia Pacific accounted for the single biggest percentage of FMCG sales...
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MAC issues apology for missing Taiwan off the map in marketing email
Lauder-owned MAC Cosmetics has apologized for disseminating a map of China that did not include the island of Taiwan in a mailer, according to a report published by the Global Times. “MAC always respects and supports the one-China policy,” the company said in a...
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Procter & Gamble on the hunt for Singaporean start-ups as it announces US$12 million pot
Procter & Gamble is seeking out Singaporean start-ups with the potential to go global, according to a report published by The Straits Times. The US FMCG giant is said to have earmarked a US$12 million pot to invest in ‘at least’ three local businesses. The owner...
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Clarins unveils Ice Cream Bar pop up in Singapore
Clarins has unveiled a new pop up for the Singaporean market. The French beauty brand’s Ice Cream Bar, which opened its doors to the public at the weekend, and will welcome customers through 17 March, has already proven popular, according to a report published by Buro...
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Chanel takes male make-up brand Boy de Chanel to Hong Kong
Chanel is expanding the reach of its male make-up range Boy de Chanel, with the products having entered the Hong Kong beauty market this month, according to Hong Kong Tatler. The range, Chanel’s first foray into male beauty, was launched in South Korea last year and...
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Korea and China cooperate on cosmetics regulations
Korean and Chinese officials have joined forces to sign a memorandum of understanding in a bid to strengthen the cooperation between the two companies in relation to cosmetics, drugs and medical devices regulations. As part of the agreement, the two countries will aim...
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JD.com Q4 2018: Revenue swells 22.4 percent to RMB134.8 billion
JD.com has announced its unaudited financial results for the final quarter and full year ended December 31, 2018. The Chinese e-commerce behemoth smashed analyst expectations, with revenue up 22.4 percent in the fourth quarter of 2018 versus the same period in 2017 to...
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L’Oréal: Our next billion customers will come from emerging markets
L’Oréal’s ethics chief Emmanuel Lulin has revealed that the company is working on human rights and transparency ‘challenges’ so that it can reach its next billion customers, according to a report published by ABS-CBN News. The French beauty giant is determined to...
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Tmall guns for growth in beauty category with ambitious 1,000 store target
Tmall is expecting local and international beauty brands to open some 1,000 new shops on its popular platform this year as demand soars among Chinese Gen Z consumers. The Alibaba-owned e-commerce site has agreements in place with Tom Ford, Glamglow, P&G’s Oriental...
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Reckitt Benckiser tackles plastics waste with new project in India
Reckitt Benckiser’s Indian division launched an initiative in a bid to raise awareness of plastic pollution and tackle waste with a collection and processing project, according to a report published by United News of India. The UK-based FMCG manufacturer held an event...
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Amelia Knight acquires Pascalle Cosmetics
Private label and branded cosmetics manufacturer Amelia Knight Cosmetics has announced the acquisition of Pascalle Cosmetics. The deal will provide Ameila Knight with its first European manufacturing base and all 70 members of staff at Pascalle’s Stoke-on-Trent...
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One step closer to cruelty-free? China’s National Medical Association ends post-market animal testing for cosmetics
Cruelty Free International is celebrating an important step towards a global ban for animal testing as China’s Gansu Province National Medical Products Association has announced that post-market testing for finished imported and domestically produced cosmetics in...
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South Korean beauty brand Skinfood up for sale through open tender
South Korean beauty brand Skinfood has announced it is being put up for sale through auction, according to a report by Pulse News. The company is working with sales advisor Ernst & Young Han Young and is inviting letters of intent until 14 March. Skinfood last...
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L’Oréal outpaces Godrej Consumer as leading urban hair care marketer in India
L’Oréal SA has beaten Godrej Consumer to become the leading urban hair car marketer in urban India, according to data from Nielsen as reported by the Economic Times India. L’Oréal achieved a 25.8 percent market share in the urban hair colour market in value terms last...
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‘We’re in it for the long-term’: P&G confirms commitment to Pakistan
Procter & Gamble has reaffirmed its commitment to the Pakistani market, according to a report published by The News. The US FMCG giant’s recently opened US$50 million hair care manufacturing plant is evidence of its long-term plans, it said in a statement. “It has...
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Avon sells Chinese factory to TheFaceShop for US$47 million
Avon has announced that it has completed the sale of its China manufacturing facility to LG Household & Health Care-owned TheFaceShop. TheFaceShop has acquired all of the shares in Avon’s Guangzhou beauty plant for US$47 million. The two companies have entered...
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Sephora to open first South Korean branch
LVMH-owned Sephora is preparing to launch onto the Korean market, according to a report published by The Chosunilbo. The perfumery chain will open its first branch in the second half of 2019, per Chosunilbo. The move is said to have been six years in the making....
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Procter & Gamble promotes gender equality across IMEA region
Procter & Gamble has committed to a number of initiatives that aim to promote gender equality across the Indian Subcontinent, Middle East and Africa (IMEA) region. Pledging itself to a number of initiatives over the next three years, a declaration was made by...
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