Korean Air sells duty free arm to Hahn & Company for KRW990.6 billion
Korean Air has agreed to sell its inflight catering and duty free business to private equity firm Hahn & Company for KRW990.6 billion, according to a report published by CH Aviation.
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Mecca makes China debut with launch of Tmall flagship
Mecca Cosmetics has launched a flagship store on Alibaba’s Tmall marketplace, marking its official entry into China, according to a report published by Inside Retail Asia.
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No travel, no problem: DFS Group branches out to livestreaming
DFS Group held its first livestream event on August 18 via WeChat for its beauty and cosmetics offer. The Hong Kong-based travel retailer reported ‘outstanding results’ from the hour-long event, according to a report published by TR Business.
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Hyundai Department Group acquires SK Bioland for KRW120.5 billion
Hyundai Department Group is entering the beauty and health care category with the has purchase of SK Bioland for KRW120.5 billion, according to a report published by Pulse News.
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Hu Ge named Global Ambassador for Giorgio Armani
Chinese actor Hu Ge has been named Global Ambassador for the Giorgio Armani brand, according to a report published by WWD.
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AmorePacific debuts Enough Project; a vegan-friendly lifestyle brand
AmorePacific has launched a new pragmatic lifestyle brand, named Enough Project. The K-beauty behemoth describes the new line as ‘bringing to life texture that is good to apply regardless of age’ and boasts a simple design that is appealing to all genders.
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Chanel to sell via Kakao Talk in marked departure from digital strategy
Chanel is notorious for its ‘barely there e-commerce strategy’, so the news that the French fashion brand is to start hawking its perfume and cosmetics via Korea’s Kakao Talk app, according to a report published by the Korea Times, comes as quite the surprise.
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Lush under fire as Australian workers protest working conditions
Employees of ethical cosmetics firm Lush’s Australian factory are claiming that they have suffered injuries and breathing difficulties as a result of poor working conditions, according to a report published by The Guardian.
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FANCL Asia put up for sale; expected to reach billion-dollar price tag
The Asian distributor of FANCL is rumored to be putting the skin care brand up for sale, according to a report published by Reuters.
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Unilever pilots geospatial analytics to monitor palm oil suppliers
Unilever has announced that it is set to launch a pilot with Orbital Insight, a US tech company that specialises in geospatial analytics, to help monitor its palm oil supply.
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NYX Professional Makeup exits Hong Kong as part of ‘business strategy readjustment’
L’Oréal-owned NYX Professional Makeup has announced its impending departure from Hong Kong and Macau, a move which is said to be part of a ‘business strategy readjustment.’
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L’Oréal Paris brings Kalki Koechlin on board for hair color campaign
L’Oréal Paris has drafted in actor Kalki Koechlin for its latest hair color campaign, according to a report published by Exchange4Media.
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Sa Sa International Holdings evolves New Retail offering with Boutir solution
Sa Sa Holdings has announced it has adopted Boutir’s solution and set up personal online beauty stores for its consultants, according to Taiwan News.
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Shiseido names Hunter Schafer as global brand ambassador
Shiseido has named Hunter Schafer as its newest global brand ambassador, according to the Hollywood Reporter.
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Malaysia Airlines partners with 3Sixty to boost e-tail platform
Malaysia Airlines is taking its online shopping platform, Temptations to the next level by partnering with 3Sixty, the world’s largest in-flight concessionaire.
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Lancôme launches Advanced Génifique virtual flagship store exclusive to Singapore
Lancôme has announced the launch of its first Advanced Génifique #LiveYourStrength virtual flagship store, exclusive to Singapore.
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The DFS Group has acquired an 88 percent stake in Shenzhen Duty Free Ecommerce Co., which is majority-owned by Shenzhen Duty Free Group, according to a report by WWD.com.
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Lancôme names Neelofa as its first Southeast Asia ambassador
L’Oréal-owned Lancôme has named Neelofa as its first regional ambassador for Southeast Asia, according to a report published by the New Straits Times.
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MyGlamm snaps up POPxo
MyGlamm has acquired digital lifestyle platform POPxo, according to a report published by LiveMint. Terms of the deal were not disclosed.
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FY2020 will be ‘severely impacted’ by COVID-19, Shiseido warns
Shiseido has published its results for the second quarter of the year and it doesn’t look good for the Japanese cosmetics giant. Sales plummeted 34.4 percent yoy to ¥190.9 billion, Shiseido said, despite impressive growth in the e-commerce channel and a solid recovery in China prestige.
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Shiseido signs JV with Ya-Man to create anti-aging devices
Shiseido has announced that it has signed an agreement to establish a Joint Venture with Ya-Man Ltd. The new company, named Effectim Co, will commence operations from October this year and owned 65:35 in favor of Shiseido.
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The Reject Shop brings discontinued Revlon Flex back to Australia
The Reject Shop has started to sell a Revlon produced shampoo and conditioner to Australian consumers after a 20-year hiatus, according to a report published by the Daily Mail.
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China first half online sales rise 7.3 percent YOY
China has achieved first half 2020 online sales of 5.15 trillion yuan (approx $736.7 billion), rising 7.3 percent YOY, according to the Ministry of Commerce (MOC).
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AmorePacific Q2 net profit tumbles 88.2 percent as COVID-19 hits sales
Amorepacific has announced a Q2 net profit fall of 88.2 percent YOY as both domestic and global cosmetic sales were hit hard by COVID-19.
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Nivea India sets a virtual Guinness World Record
Nivea Men India now holds a Guinness World Record for the ‘Most People Washing Their Face Online Simultaneously’, according to a report published by Afaqs!.
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AS Watson opens up Moneyback scheme to stimulate spending
AS Watson has announced that it will open up its Moneyback loyalty scheme to help other retailers promote their businesses.
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Lotte Duty Free diversifies with live shopping channel LDF Live
Korean duty-free retailer Lotte has launched a new live shopping, LDF Live, which hosted its first show yesterday, as it looks to diversify the sales channel for duty free goods.
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Victoria Beckham Beauty makes China debut on Tmall Global
Victoria Beckham Beauty has launched on Alibaba-owned Tmall Global this week – marking the clean beauty brand’s official entry onto the Chinese market.
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Major global Retailers end partnerships with coconut milk providers Aroy-D and Chaokoh following PETA Asia animal cruelty investigation
A slew of major global supermarkets have ended partnerships with coconut milk suppliers Aroy-D and Chaokoh following a PETA Asia investigation highlighting that the coconuts were picked by ‘enslaved’ monkeys.
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Hindustan Unilever Q2: Sales and profit up as hygiene demand soars
Hindustan Unilever has announced its results for the second quarter of fiscal 2020. The manufacturer of recently rebranded skin care line Glow & Lovely saw sales swell 4 percent while organic revenue dropped a better-than-expected 7 percent year-on-year in the three months to June 30th.
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Beiersdorf looks to strength foothold in Chinese skincare market with new Shanghai-based R&D centre
Beiersdorf has announced the opening of a new research and development centre in Shanghai, with the aim of bolstering its skincare expertise in China and emerging markets, according to a report by WWD.com.
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South Korean boyband member Lay Zhang becomes newest Global Ambassador for MAC
South Korean boyband member Lay Zhang has been named as the newest Global Ambassador for MAC.
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The Face Shop seeks out natural beauty to front eco campaign
K-beauty’s The Face Shop has launched a search for the next big influencer for Malaysia and Singapore, according to a report published by the New Straits Times.
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Estee Lauder unveils redesigned Singapore store
Estee Lauder has reopened its Ion Orchard branch following a makeover, according to a report published by Inside Retail Asia.
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Malaysian Health Ministry rescinds sales license for beauty products over mercury content
The Malaysian Health Ministry has ruled that some nine cosmetic products found to contain mercury or hydroquinone can no longer be sold in the country, according to a report published by The Star.
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Walmart leads $1.2 billion financing round for India’s Flipkart
Walmart has increased its majority stake in India’s e-commerce giant Flipkart, leading a $1.2 billion financing round, with the round valuing the company at $24.9 billion, according to TechCrunch.
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Sa Sa Holdings HIT by mainland tourist slump; turnover plunges 67.9 percent
Sa Sa Holdings has announced a turnover drop of 67.9 percent for the three months ending 30th June, with the company hit by a drastic fall in mainland tourists during the COVID-19 pandemic.
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Shiseido to market hand sanitizer to public
Shiseido is set to market hand sanitizer to the general public from August, according to a report published by the Japan Times.
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White lies: P&G challenges Colgate over whitening claims
Procter & Gamble’s Oral B brand has filed a lawsuit against rival Colgate for misleading Australian consumers over the effectiveness of its Colgate Optic White Renewal whitening toothpaste, according to a report published by The New Daily.
CLICK HEREChiefs partner with L’Oréal Paris Men Expert
Australian e-sports club, The Chiefs have welcomed leading men’s skin care and grooming brand, L’Oréal Paris Men Expert as a major partner for 2020.
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Lush Hong Kong flagship to shut for good after COVID-19 closure
Lush has decided to shut its Hong Kong flagship permanently after sales dwindled in the face of months of protests and COVID-19-related restrictions, according to a report published by Inside Retail Asia.
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Court orders Emamai to give Hindustan Unilever seven-day relief over ‘Glow & Handsome’ trademark
An Indian court has ruled that consumer goods maker Emami must give Hindustan Unilever seven days before it begins legal proceedings regarding the ‘Glow & Handsome’ trademark.
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Indonesian beauty e-commerce start-up Social Bella secures US$58 million in Series E funding round
Indonesian beauty tech start-up Social Bella has raised US$58 million in an ongoing Series E funding round from Temasek, Pavilion Capital and Jungle Ventures.
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Wuhan General Group teams up with Jugular to create CBD-based wellbeing line
CBD specialist Wuhan General Group has announced that it has signed a letter of intent to pursue a partnership with Jugular in order to create a specialized division that focuses on marketable innovation within the nutraceutical sector.
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Sephora strengthens diversity with key Asia appointments
Sephora has promoted Alia Gogi to President of Sephora Asia with immediate effect. Gogi’s appointment, together with the promotions of Sarah Boyd and Maggie Chan further enhances the ‘strong presence of women’ in the LVMH-owned retailer’s senior leadership team.
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Chinese owner of Perfect Diary preps for IPO
The owner of popular Chinese beauty brand Perfect Diary is gearing up for an IPO, according to a report published by Bloomberg, and to that end has appointed Goldman Sachs and Morgan Stanley to advise.
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A.S. Watson pledges to reduce plastic waste; becomes first health and beauty retailer signee of New Plastic Economy
A.S. Watson Group has become one of the first health and beauty retailers to sign up to New Plastics Economy (NPE) Global Commitment, in a bid to reduce plastic waste.
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Schwarzkopf becomes first Australian advertiser to launch collections campaign on Pinterest
Henkel’s Schwarzkopf has become the first Australian advertiser to launch a collections campaign via social media site Pinterest.
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Singapore research team unveils bio-friendly method to extract chitin from crab shells
A team of researchers at Singapore’s National University has discovered a bio-friendly way to extract chitin and chitosan from crab shells – a by-product of the shellfish industry, according to a report published by Bloomberg Green.
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Sailor Moon teams up with Maquillage for Japan launch
Sailor Moon has teamed up with cosmetics brand Maquillage to launch a foundation range in Japan via the Premium Bandai platform, according to a report published by Anime News Network.
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