Duty Free products hit local shelves as South Korean government looks to boost sector during COVID-19 pandemic
South Korean duty-free operators have been given the go-ahead to sell their products via local retail channels, following the easing of government restrictions in a bid to bolster the sector amidst the COVID-19 pandemic, according to a report by Yonhap News Agency.
LG Household & Health Care completes deal for Physiogel
LG Household & Health Care has completed its deal to purchase the licence for GlaxoSmithKline’s Physiogel in Asia and the U.S.
Shu Uemura lends its color expertise to sneaker brand Onitsuka Tiger
Onitsuka Tiger has teamed up with Shu Uemura to launch a coordinated collection that comprises a pair of sneakers and 11 beauty products, according to a report published by Lifestyle Asia.
The power of TikTok: Viral vid sees sales soar for Revlon mattifying facial roller
Revlon has rolled out its popular facial roller, which claims to eliminate excess oil, soar on to the Australian market, according to a report published by The Daily Mail.
AmorePacific hosts pop-up for single momtrepreneurs
AmorePacific hosted a pop-up shop to enable single mom business owners to sell their wares, according to a report published by The Korea Herald.
Estee Lauder names boxer Zhang Weili brand ambassador for China
Estee Lauder has welcomed a new brand ambassador on board for its Chinese market, according to a report published by Sixth Tone. Female fighter Zhang Weili will front campaigns for the brand’s make-up range.
Chanel monitored by anti-trust regulator in South Korea
Chanel is under investigation by The Korean Free Trade Commission (KFTC) in South Korea for allegedly flaunting the country’s Free Trade Act, according to a report by RLI.com.
Skincare and personal hygiene trump make-up in Japan as social distancing measures continue
Japanese consumers are focusing on skincare and personal hygiene as opposed to make-up as social distancing measures continue, according to a report by Asia Nikkei.
ShawKwei invests in International Cosmetic Suppliers
Private equity group ShawKwei and Partners has invested an undisclosed sum in Hong Kong’s International Cosmetics Suppliers, according to a report published by Business Times.
Lancôme Singapore launches audiobook club as part of literacy program
Lancôme Singapore has launched an audiobook club, Behind the Cover, which aims to celebrate women writers as well as boost literacy among women from disadvantaged backgrounds, according to a report published by AFP Relax.
Sephora launches flagship site on China’s Tmall
Sephora has announced the launch of its Sephora Tmall Global Flagship Store in partnership with China’s Alibaba-owned e-commerce platform Tmall.
ITC’s Savlon launches ‘world’s cheapest’ hand sanitizer
ITC’s Savlon brand has launched a hand sanitizer in a sachet format, which it is claiming to be the cheapest on the global market.
Amorepacific targets personalised cosmetics market with Rationale investment
Amorepacific has announced it has acquired a minority stake in luxury Australian skincare brand Rationale, in a move which will expand its foothold in the personalised cosmetics market – one of its future R&D priorities.
Japan lipstick sales fall as PPE masks become essential item
Lipstick sales in Japan dropped 22.2 percent in March YOY, according to a household expenditure survey conducted by the Ministry of Internal Affairs and Communications’ Statistics Bureau.
Dior teams up with Meitu to reach Chinese shoppers
Dior has partnered with Meitu to launch an AI-powered skin-testing tool dubbed Dior Skin ID, according to a report published by KrAsia.
JD.com sees revenue climb 20.7 percent as COVID-19 sends shoppers online
JD.com has announced its results for the first quarter of fiscal 2020. The Chinese tech and e-commerce behemoth saw revenues climb 20.7 percent year-on-year in the three months to March 31, 2020, to RMB146.2 billion.
Frutarom to pay US$50,000 to settle illegal import charge
Frutarom has agreed to pay US$50,000 to settle a case that saw the flavors and fragrances producer charged with the illegal importation of benzaldehyde from China, according to a report published by Highland County Press.
Lush Hong Kong faces lawsuit over unpaid rent
Beauty retailers Bonjour and Lush are facing lawsuits in Hong Kong after their landlords sued for unpaid rent, according to a report published by Inside Retail Asia.
Shiseido announces Q1 net profit nose dive of 95.8 percent
Shiseido has announced a Q1 net profit drop of 95.8 percent, a tumble attributed to the fallout from the COVID-19 pandemic, according to a report by WWD.com.
Estée Lauder launches Home Concierge service as Singapore’s ‘Circuit Breaker’ measures continue
Estée Lauder has launched a new Home Concierge service in Singapore in a bid to target consumers locked down due to the country’s Circuit Breaker strategy during the coronavirus pandemic.
Korea’s Handsome diversifies into cosmeceuticals with Cleangen acquisition
South Korean fashion brand Handsome has acquired a majority stake in K-beauty cosmeceutical brand Cleangen for KRW10 billion, according to a report published by Aju Daily.
Shanghai ushers in shopping festival to boost economy
Shanghai’s administration has conceived a novel way to boost economic activity in the wake of the coronavirus. The Chinese city is staging a two-month-long shopping festival, named Double Five Shopping Festival, according to a report published by WWD.
GlaxoSmithKline puts Hindustan Unilever stake up for sale
GlaxoSmithKline (GSK) has listed some 133.8 million shares in Hindustan Unilever (HUL) (its entire stake in the firm), raising some Rs254.8 billion.
Revlon names Jessica Jung new Global Brand Ambassador
Revlon has named K Pop star Jessica Jung as its new Global Brand Ambassador.
Amorepacific develops transparent sunscreen material
THE WHAT? Amorepacific has developed a transparent inorganic sunscreen material, which is a white-cast-free solution that is said to effectively reflect UV rays. THE DETAILS The Korean beauty giant conducted a joint research project with Dr. Li Yan...
MAC renews partnership with Tencent’s Honor of Kings
MAC has teamed up once more with Tencent’s Honor of Kings online game. The Lauder-owned brand has unveiled a new collection inspired by the male characters in the multiplayer battle e-sport, according to a report published by AFP Relax News.
Fenty makes eyes at Chinese shoppers with HeyTea collab
LVMH-backed Fenty Beauty has announced a collaboration with popular Chinese tea chain Hey Tea, according to a report published by Jing Daily.
Shiseido answers WHO and UN Global Call for creative solutions
Shiseido has signalled its intent to participate in the global action proposed by the WHO and UN to create artwork that promotes six priority key actions to halt the spread of coronavirus.
AmorePacific Q1 2020: profit and sales down as COVID-19 impact bites
AmorePacific has posted its results for the first quarter of the financial year and, in stark contrast to rival LG Household & Health Care, the K-beauty behemoth saw sharp falls in both sales and profit, according to a report published by Yonhap News.
Chanel launches online beauty pop-up store in Hong Kong
Chanel has launched an online pop-up store in Hong Kong, which will feature beauty items such as make-up, skincare and fragrance.
Yuhan-Kimberly launches into Korean skincare market with new anti-pollution product
South Korean health and hygiene company Yuhan-Kimberly has expanded its foothold into the skincare industry with the launch of its new anti-pollution product, RED TO RAD.
Revenue plummets at China International Travel Service as flights grounded
China International Travel Service saw its revenue plummet 44 percent year-on-year to CNY7.63 billion in the first quarter as travel bans and lockdowns were enacted around the globe, according to a report published by Nikkei Asian Review.
LG Household & Health Care Q1 2020: Record results thanks to demand for hygiene products
LG Household & Health Care has posted record earnings, revenue and profit for the first quarter of the financial year, according to a report published by Pulse News.
Victoria’s Secret appointment signals change of direction in China
Victoria’s Secret has named Zhou Dongyu as its latest face for China, according to a report published by WWD.
Victoria Beckham lodges appeal in Australian skincare trademark battle
Victoria Beckham has lodged an appeal in the Australian Federal Circuit Court after losing an initial trademark battle with Australian skincare brand Skinlab over the use of the initials ‘VB’ for marketing purposes.
Facebook inks deal to become largest minority shareholder in India’s Jio Platforms
Facebook has announced a $5.7 billion investment into Jio Platforms, the digital technology arm of Asia’s richest man Mukesh Ambani’s company, Reliance Industries.
Sa Sa International Q1 sales fall 56 percent; focus shifts to domestic consumer
Sa Sa International has reported a 56 percent drop for its 2020 Q1 wholesale and retail sales to HK$892.4 million (US$115.1 million).
Game changer: Kao USA ushers in sustainable personal care line, MyKirei
Kao USA is debuting a sustainable personal care line today, on Earth Day. The Japanese manufacturer’s MyKirei by Kao is described as a comprehensive collection of products founded on the credence that caring for ourselves, our society and the world around us makes life more beautiful.
Alibaba to invest US$28 billion in cloud computing
Alibaba is to invest some US$28 billion in its cloud computing division, according to a report published by Bloomberg.
Meituan ups inventory to include Sephora as e-commerce booms
China’s leading food delivery service Meituan is expanding rapidly in a bid to compete with e-commerce giants Alibaba and JD.com, according to a report published by Tech Node.
Kao: Hand soap offsetting falling demand for mass make-up
Japanese beauty company Kao cosmetics has announced that healthy hand soap sales are set to offset slowing demand for the company’s mainstay make-up line, according to a report by Nikkei Asian Review.
AmorePacific Group handed FTC fine over ‘unfair’ affiliate loan
AmorePacific Group has been handed a fine of 96 million won ($77,800) by the Fair Trade Commission over an unfair loan to its affiliate Cosvision.
Stay home and shop: Changi airport offers tax free shopping to non-fliers
Singapore’s Changi Airport is offering those self-isolating at home the chance to enjoy tax free prices without flying.
Loft plans first Chinese store for July
Loft is said to be preparing to open a store in China, according to a report published by the Japan Times.
L’Oréal names CMO for Asia-Pacific region
L’Oréal has named Shelly Chiang Chief Marketing Officer for the Asia-Pacific region, according to a report published by Marketing Interactive citing Chiang’s LinkedIn profile as its source.
Chinese cosmetics sales bounce back in March following COVID-19 setback; online sales grow
Chinese cosmetic sales are bouncing back following the loosening of lockdown restrictions amid the coronavirus pandemic, according to a report by Yahoo News.
Space NK closes Chinese retail outlets amid coronavirus turmoil
Space NK has closed all retail outlets in China, according to WWD.com.
Huda Beauty sells out in seconds on Tmall Global launch
Huda Beauty’s stock of Mercury Retrograde eyeshadow palettes is said to have sold out in seconds upon the brand’s launch on the Tmall Global platform in China, according to a press release published by e-commerce behemoth Alibaba.
Naturals will still rule consumer hearts: L Catterton invests in Japan’s Etvos
L Catterton’s Asia fund has announced a ‘significant investment’ in Japanese natural cosmetic brand Etvos.
South Korea’s manufacturing sector records lowest output in 9 years
South Korea’s manufacturing sector reported a 3.8 percent month-on-month drop in output for February, 2020 – it’s sharpest dip since the 2008 recession, according to a report published by Yonhap News.
LATEST NEWS
