Japan’s tax authority has ordered Hankyu Hanshin Department Stores to pay ¥200 million in sales taxes. The decision follows an investigation by the Osaka Regional Taxation Bureau, which revealed that several transactions were incorrectly rung through as duty-free purchases.
In response to China’s new registration scheme for foreign beauty products, France’s Foreign Minister, Bruno Le Maire is set to meet with Chinese officials in the hope of thrashing out a mutually acceptable alternative.
Reinold Geiger, Chairman of French skincare corporation L’Occitane International, is reportedly considering taking the company private.
L’Oréal-owed Shu Uemura has released NFC chip-embedded stickers that can be placed on the face and scanned with an NFC smartphone to create digital content.
Kao Corporation has selected Christian Melcher as its Salon division’s Global Chief Marketing Officer
LG Household & Health Care Ltd., a major South Korean company, is considering withdrawing from the cosmetics franchise business due to inadequate performance.
South Korean cosmetics company Amorepacific has joined the International Collaboration on Cosmetics Safety (ICCS).
Ilooda, a South Korean medical aesthetic device maker, is expected to sell its management rights to US private equity company Bain Capital LP.
Estée Lauder is partnering with Manchester United to tap into the football club’s expansive fanbase in China and the Asia Pacific.
Shiseido is investing one billion yen in the CHITOSE Group’s MATSURI project to support the growth of a sustainable microalgae industry in collaboration with CHITOSE BIO EVOLUTION PTE. LTD.
LVMH-owned cosmetics retailer, Sephora, is contemplating a shake-up of its China operations to reach an aggressive sales target in the coming years.
Sasa International, a beauty retailer based in Hong Kong, experienced a 30.9% upswing in turnover for the quarter ended June 30.
Australia’s Grown Alchemist is bringing its skincare products to China through a partnership with Sephora China.
Indonesian cosmetics firms, Esqa and Rose All Day Cosmetics (RADC), are capitalizing on the rising demand for halal and vegan products.
Together with JCDecaux Transport, Hong Kong International Airport has announced the launch of its first metaverse. The campaign kicked off on July 6 and runs through August 31, 2023 offering brands an immersive virtual world through which they can engage international visitors and local travellers.
Nykaa owner, FSN E-Commerce Ventures is expected to report revenue growth in the mid-twenties for the first quarter of fiscal 2024, according to a report published by Mint, thanks to strong demand for beauty and personal care (BPC) products.
Offshore duty-free stores in China’s Hainan province have reported total sales revenue of CNY32.4 billion for the first half of 2023, up 31 percent on year-on-year, according to a report published by China Daily.
Godrej has revealed that it is expecting to report sales growth in the double digits for the first quarter of the current financial year, according to a report published by Reuters. The Indian FMCG manufacturer said that demand was strong in the three months to June 30, 2023.
Croda has announced the completion of its acquisition of Solus Biotech. The South Korean actives manufacturer will expand Croda’s Asian manufacturing capability and create a new biotechnology R&D hub in the region.
L’Occitane en Provence launched a pop-up concept it has described as its ‘most immersive’ yet in June. The French naturals brand opened a hotel concept in Kuala Lumpur, which is due to hit further Asian cities in the coming months.
L’Oréal has named Ankit Porwal General Manager, Consumer Products for Malaysia and Singapore, according to a report published by Marketing Interactive.
Tencent is set to open up WeChat Pay to foreign visitors to China this month. Tourists will be able to link any card issued by Visa to the popular payment app and use it to pay for goods in mainland China, according to a report published by Reuters.
Shein has filed registration documents in advance of an initial public offering on the New York stock exchange, according to a report published by Reuters quoting ‘people familiar with the matter’ as its source.
Procter and Gamble has teamed up with Flipkart to launch a forest planting program in India, according to a report published by Fashion network. The Forests for Good initiative gave customers of the e-commerce giant and US FMCG manufacturer the chance to adopt trees digitally, in order to foster a sense of ownership among shoppers.
AmorePacific’s Etude House has reported a record profit for the first quarter of the current financial year as its diversification strategy and store optimisation program pays off, according to a report published by The Korea Times.
AS Watson and AmorePacific have signed an agreement to further strengthen the collaboration between them in order to expand the reach of the K-beauty manufacturer’s derma and premium skin care brands.
Following an investment from Puig in September last year, Kama Ayurveda has made its debut on the UK market, according to a report published by the Economic Times. The Indian wellness brand has launched its D2C website and will cut the ribbon on a bricks and mortar store in London this fall.
L’Oréal is among a number of key beauty industry players who pledged to reduce the cosmetics industry’s supply-chain emissions at China’s first carbon-neutrality expo last week, according to a report published by the South China Morning Post.
Shiseido has announced that it has selected the 10 recipients for its 16th Female researcher Science Grant and will hold an award ceremony to mark the occasion next week.
Chinese shoppers are boycotting J-beauty over a planned discharge of water from Japan’s Fukishima No 1 nuclear plant, according to a report published by the Japan Times.
Henkel has announced that its plant in Chennai has become carbon neutral, according to a report published by The Week. The Indian factory is the company’s second facility to hit this milestone in the India, Middle East and Africa region.
Able & Co has reported a KRW1.1 billion net profit after several years of losses, according to a report published by The Korea Economic Daily.
Alibaba is set to replace CEO Daniel Zhang with Eddie Yongming Wu, according to a report published by the Financial Times. The leadership change will take place in September.
Pierre Fabre has announced the opening of its new dermo-cosmetics innovation and research center in China, its fourth such facility worldwide.
Shinsegae has partnered with a series of major retailers in order to compete with e-commerce giant Coupang, according to a report published by Inside Retail Asia.
L’Oréal Vietnam has named Publicis as its media planning and buying partner for a further term, according to a report published by Campaign.
Chanel has cut the ribbon on two VIP retail locations, known as Chanel Les Salon Prives, in China. The French luxury brand’s exclusive stores feature discrete entrances and private fitting rooms.
Selena Gomez’s Rare Beauty is set to make its first foray onto the Indian market, according to a post on the brand’s Instagram account. The brand will hit shelves in all 26 Sephora stores across India and online from today.
Sephora has cut the ribbon on its first Store of the Future in China. The Shanghai location is the LVMH-owned retailer’s second Store of the Future globally, following the concept’s debut in Singapore at 2022’s close.
Manyo Factory has made its debut on the Kosdaq market, according to a report published by the Korea Times. The K-beauty firm opened at KRW32,000, more than double its KRW16,000 IPO subscription price and closed its first day at KRW41,600.
LVMH Chairman and CEO, Bernard Arnault will become the latest high-profile visitor to China now travel restrictions have been lifted, according to a report published by Reuters. Both Elon Musk and Jamie Dimon have announced trips to the high-profile Asian market in the last month.
Lush has partnered with Maison Retail Management to launch its first store in Vietnam, according to a report published by Inside Retail Asia.
Amazon India has launched a Global Beauty Store where Indian shoppers can peruse a selection of more than 60 international beauty brands, according to a report published by United News of India.
Procter & Gamble has partnered with Lazada to launch a new hair care microsite. #HairDNA aims to solve consumers’ biggest hair concerns with expert advice from the US FMCG giant’s brands.
The Estee Lauder Companies’ New Incubation Ventures (NIV) has teamed up with Nykaa to launch the second edition of Beauty & You.
Henkel is hoping to carve out a substantial presence in India’s burgeoning premium hair care market, according to a report published by Business Standard. The German manufacturer of Schwarzkopf hopes to double its market share by 2025.
Chanel has signed a three-year lease for a two-storey retail location in Hong Kong, according to a report published by Lifestyle Asia, in a deal rumored to be worth HK$3 million a month.
The European Union has raised concerns over the amount of detail foreign cosmetics manufacturers are required to provide in order to sell their products on the Chinese market, according to a report published by Bloomberg quoting anonymous sources.
Hong Kong-based shoe brand, Le Saunda is branching out into the world of beauty, according to a report published by Inside Retail Asia.
The Estee Lauder Companies-owned Le Labo has opened its first bricks and mortar location in mainland China, according to a report published by WWD.