AmorePacific furthers sustainable mission with planet-friendly gift set
AmorePacific has launched an eco-friendly gift set under its Earth & Us brand, according to a report published by The Korea Herald.
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Nigeria’s FairMoney has high hopes for Indian expansion
Licensed online lender FairMoney is hoping to replicate its success in Nigeria on the Indian market, according to a report published by Tech Crunch.
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Singapore opens COVID-secure meeting facility
Singapore has cut the ribbon on a new venue designed to facilitate in-person meetings without upping the risk of COVID-19 transmission, according to a report published by Nikkei Asia.
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Shiseido partners with We Are One Ocean campaign; calls for protection of 30 percent of ocean by 2030
Shiseido has been announced as an official partner of the We Are One Ocean campaign, which calls for the protection of 30 percent of our one ocean by 2030.
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Poshmark expands into Australia following IPO
U.S. fashion and beauty e-tailer Poshmark is expanding its presence into Australia, a move that follows its January IPO, according to a report by Bloomberg.
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Indian beauty ad spend forecast to grow 7.6 percent this year
Advertising spend across the beauty sector is forecast to grow 7.6 percent a year up until 2022, according to a report published by Live Mint quoting figures released by media agency, Zenith.
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AmorePacific signs Memorandum of Understanding with Shoppee
AmorePacific has signed a Memorandum of Understanding with leading e-commerce platform, Shopee to strengthen their regional partnership and accelerate the growth of K-beauty in the booming online beauty category in Southeast Asia.
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Shiseido unveils strategy for recovery by 2023
Shiseido has developed a new medium- to long-term strategy, named WIN 2023 and Beyond, which summarizes its basic strategy for the three years up until 2023 and its vision through 2030 and beyond.
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L’Oréal FY2020: Record online sales accounts for more than a quarter of 2020 total as recovery continues
L’Oréal has announced its results for the final quarter and full year of 2020. The French beauty giant saw sales rise 4.9 percent yoy (like-for-like) in the final three months of the year for an overall drop of 4.1 percent for 2020 versus 2019.
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DFS signs up to Brisbane’s Queen’s Wharf Development
LVMH-owned DFS has signed on the dotted line to deliver 6,000 sqm of luxury retail floorspace in the AU$3.6 billion Queen’s Wharf development in Brisbane, according to a report published by Business News Australia.
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Shiseido relaunches male grooming range; adds male make-up
Shiseido has announced the relaunch of its Shiseido Men’s range, which will feature male beauty products.
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TikTok unveils e-commerce drive to challenge Facebook et al
TikTok is said to be gearing up for a huge e-commerce push throughout the U.S. according to the Financial Times, with sources stating they have viewed new features set to be introduced this year.
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China’s Hainan province opens two more duty free stores
China’s island province of Hainan has opened two new duty free stores, taking the total number in the province to nine.
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TikTok plans e-commerce drive
TikTok is gearing up to introduce a number of features to its site that will enable e-commerce and affiliate marketing this year, according to a report published by the Financial Times.
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Kao merges Kanebo and Sofina to strengthen brand communications
Kao has announced that it is creating a new beauty consulting business via the merger of its Kanebo and Sofina Beauty Consulting Companies. Kao Beauty Brands Counseling Co, as the new company will be known, will offer professional counselling conducted by beauty consultants.
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Coty opens Gucci Beauty flagship on Tmall Luxury Pavilion
Coty has announced the opening of the Gucci Beauty flagship on Alibaba’s Tmall Luxury Pavilion.
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Net loss widens at AmorePacific as sales plummet 13.3 percent in Q4
AmorePacific Corp has reported its results for the fourth quarter of fiscal 2020, according to a report published by The Korea Herald and saw its net loss widen to the tune of 1.7 percent year on year.
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Reckitt Benckiser Hong Kong Wellness in Action Index to promote wellness ahead of Lunar New Year
Reckitt Benckiser (RB) has released the findings of its Hong Kong Wellness in Action Index in a bid to help promote wellness amongst Hong Kong consumers ahead of the Lunar New Year, according to Taiwan News.
CLICK HERE Shiseido divests personal care business to CVC in $1.5bn deal
Shiseido has announced the sale of its shampoo and affordable skin care business to CVC Capital Partners, in a deal valued at 160 billion yen ($1.52bn).
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Japanese fashion retail site ZOZO launches new beauty platform ZOZOCOSME
Japanese fashion retail site ZOZO has announced the launch of its new beauty platform ZOZOCOSME, which is set to go live in March.
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What pandemic? LG Household & Health Care reports record-breaking Q4 and FY sales
While the pandemic has proven disastrous for many, LG Household & Health Care has reported its best-ever results for the fourth quarter and full year, according to a report published by Pulse News.
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Reckitt Benckiser leads funding round for Bombay Shaving Co
Reckitt Benckiser has been named as lead investor in a R45 crore funding round for Visage Lines Personal Care, according to a report published by Mint.
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L’Occitane Hong Kong cuts the ribbon on sustainable flagship
L’Occitane Hong Kong has cut the ribbon on its first Hong Kong concept store. The space centers around a sustainability theme and is designed to encourage shoppers to reduce and recycle.
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AmorePacific teams up with Virgil Abloh’s Off-White brand on new fashion and beauty collaboration
AmorePacific has teamed up with Italian brand Off-White to launch a new beauty and fashion collaboration named the Protection Box.
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Lotte and Shilla close duty-free stores at South Korea’s Incheon Airport
Lotte and Shilla have announced the closure of duty-free stores at Incheon Airport, South Korea, according to a report by the Korea Herald.
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Thai education authority green lights cannabis course
Thailand’s Health and Education Ministries have agreed to create a course that will guide students through the use of cannabis in cosmetics and food, according to a report published by Bloomberg.
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Malaysia Airlines launches online shopping platform
Malaysia Airlines’ frequent flyer program, Enrich has announced the launch of a new online shopping platform called Enrich Shoppe.
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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.
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Tokyo’s Ginza Six mall closes more stores as pandemic keeps shoppers away
THE WHAT? Ginza Six mall located in Tokyo has shuttered more stores due to the ongoing COVID-19 travel bans, with tourists and high-end consumers staying away from the shopping destination, according to a report by Reuters. THE DETAILS According to the mall, 15...
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Kao partners with Nykaa to launch leading Bioré sunscreen brand into India
Japanese cosmetics company Kao has launched its leading sunscreen brand Bioré into the Indian market.
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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.
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France enables export of non-animal tested cosmetics to China in EU first
France is set to become the first country in the European Union to export cosmetics to China without recourse to animal testing, according to a report published by France’s beauty business association (FEBEA).
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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.
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Unilever teams up with Alibaba to launch AI-powered closed loop recycling system
Unilever has joined forces with Alibaba to launch an AI-powered closed loop recycling system as part of the companies’ Waste Free World Initiative
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Activists pressure retailers to cut ties with Japan’s DHC following CEO’s racist comment
Activists in Japan are encouraging retailers to cut ties with Japanese beauty company DHC following company CEO Yoshiaki Yoshida’s use of the term ‘Chon’ – a racist term for Koreans, according to The Korea Herald.
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AmorePacific innovations recognised with CES 2021 Innovation Award Honoree status
AmorePacific has participated in the world’s largest consumer electronics and technology show for the second consecutive year. The K-beauty giant will be showcasing its two CES 2021 Innovation Award Honoree technologies at the show through January 14.
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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.
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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.
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Alliance Consumer Growth snaps up minority stake in SuperOrdinary
Alliance Consumer Growth has completed a minority equity investment in SuperOrdinary. ACG was joined by existing investor Puig in this round of financing.
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Pola bets on upswing in Chinese travel retail market with planned opening of 20 new stores
Pola is planning the opening of 20 new duty-free stores in China by 2023 end, looking to capitalize on the ongoing return footfall as international travel begins to resume, according to a report by Nikkei Asia.
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Alibaba Cloud teams up with Unilever on next-gen digital marketing initiatives
Alibaba Cloud, the digital technology and intelligence arm of Alibaba Group, has teamed up with Unilever in a strategic initiative that is said to enable Unilever to action next-generation digital marketing campaigns.
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Estee Lauder rings in Lunar New Year with new limited-edition collection
Estee Lauder has launched a new limited-edition collection ahead of the Lunar New Year.
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‘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.
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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.
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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.
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Lessons learned in 2020 – Retail
As pandemic-related closures forced us all off the high streets and onto the internet and essentially wiped out the travel retail channel, everything we thought we knew about shopping for beauty changed. For although online shopping has always been there, pre-Covid, the majority of beauty buyers still shopped in store. Accordingly, e-commerce development had lagged in recent years, leaving brands and retailers playing catch up.
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Lessons learned in 2020 – Marketing message
As COVID-19 spread across the globe and reports of super-spreader events started to dominate the news, beauty’s marketing message changed rapidly to hygiene and wellness. Suddenly, the FMCG greats of this world saw demand surge and marketing departments everywhere were focused on one thing and one thing only: cleaning. We saw P&G roll out a brand new home care range, Reckitt Benckiser take to TikTok to promote its #HandWashChallenge and hand sanitizer launches in their droves.
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Kao unveils its Group Mid-Term five-year plan; focus on sustainability
Kao has unveiled its new Group Mid-term Plan 2025 (K25), with the company focusing on the ‘realization of an enriched sustainable world.’
CLICK HERE Shiseido receives Prime Ministerial Award for Women Empowering Companies 2020
Shiseido has achieved the Prime Ministerial Award for Women Empowering Companies 2020 from the Cabinet Office.
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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.
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