Yatsen Holding has announced its financial results for the third quarter of fiscal 2021. The Chinese beauty company reported total net revenues of RMB1.34 billion for the three months to September 30, 2021, a rise of 6 percent on the prior-year period.
L’Oréal China has apologised to shoppers caught out by a Singles Day discount that was advertised as the best deal available but in fact was more expensive than a reduction being offered elsewhere, according to a report published by the South China Morning Post.
LG Household & Healthcare has won a trademark battle with Estée Lauder Companies-owned Two Faced over the ‘Born This Way’ slogan.
Louis Vuitton is said to be looking to open its first duty free store in the luxury island hub of Hainan, according to a report by Reuters.
AmorePacific has been named CES Innovation Award Honoree for the third consecutive year thanks to its bespoke beauty innovations, the Bathbot and Myskin Recovery Platform.
Chinese shopping festival, Singles Day has raked in record sales once again but the global power and supply chain crises have dampened promotional activity, according to a report published by The Wall Street Journal.
Shiseido has reported a Q3 net sales rise of 13 percent, with global growth driven by Americas, EMEA and travel retail offsetting challenges in Japan and China.
Kao has reported its results for the nine months to September 30, 2021. The Japanese personal care manufacturer saw net sales inch up a modest 1.6 percent to ¥1.021 billion versus the prior-year period.
MyGlamm parent company Good Glamm Group has raised US$150 million in a Series D funding round, including both primary and secondary capital.
Shiseido has announced the launch of a new ingestible beauty brand, Inryu. The brand is said to improve the overall health of the skin from the inside and was developed by the J-beauty giant’s China Business Innovation & Investment Office in Shanghai.
K-pop sensation, BTS’s music label, Hybe has announced that it is to partner with Dunamu in order to issue digital collectibles secured by blockchain, according to a report published by the Financial Times.
Aekyung Group has announced the official launch of its new Chemical branch and named Pyo Kyoung-won as the first CEO, according to a report published by The Korea Herald.
LG Household & Health Care has seen net profit rise 3.4 percent in Q3, to 240 billion won ($205.8 million), while sales fell 2.9 percent in the same period, to 2.01 trillion won.
Alibaba Group’s Tmall Global has announced the winners of its 2021 “Go Global 11.11 Pitch Fest,” which has been designed to help small and emerging U.S. brands expand their businesses globally.
AmorePacific Corp has reported its results for the third quarter of the current financial year, according to a report published by The Korea Herald. The K-beauty behemoth saw net profit hit KRW38.5 billion in the three months to September 30, 2021, a considerable improvement on the KRW7 billion reported the same time last year.
The Chinese National Medical Products Administration has published a new regulatory framework for cosmetics, oral and personal care products targeted at children, according to a report published by Market Screener. The new legislation will enter into force on January 1, 2022.
Lotus Herbals has announced that it has acquired a 32 percent strategic stake in Fixderma India. Terms of the transaction were not disclosed.
Shiseido’s new research facility ‘Shiseido China Innovation Center Shanghai Fengxian Branch’ has commenced its activities.
MyGlamm parent company Good Glamm has acquired Indian digital and media platform ScoopWhoop.
European firms have resorted to transporting goods from China via road rather than risk being the victim of the ongoing port congestion, according to a report published by Nikkei Asia.
Indonesian President, Joko Widodo has unveiled plans to halt exports of raw commodities in a bid to attract investment in the country’s resource processing capabilities and create jobs, according to a report published by Reuters.
South Korea’s entertainment and cosmetics industries are seeking new markets after a raft of regulatory barriers, nationalist headwinds and rising competition from local brands are hampering sales in China, according to a report published by the Financial Times.
Beauty companies Kao and Kosé have joined forces to launch a collaborative comprehensive sustainability program.
Shiseido is looking to acquire skincare brands as a way to diversity its offering outside of China, according to a report by the FT.
LinkedIn has announced its decision to ‘sunset’ the current localized version of LinkedIn in China later this year.
Sephora China included a C-beauty showroom at its recent Sephora Day event, part of a wider launch of more than 240 new beauty products aimed at Chinese shoppers, including newness from seven locally grown brands and the debut of five overseas labels.
Calls for competition authorities to crack down on e-commerce behemoth are intensifying after a Reuters report revealed the online shopping platform to be producing dupes and manipulating search results to favor its own-label products.
L’Oréal has announced the launch of its Valentino make-up line across travel retail outlets in Asia and the Middle East.
L’Occitane has launched its first Green Store concept in Australia, which comes as part of the company’s sustainability program.
Natura-owned Aesop has teamed up with Worldwide FM to launch a trio of broadcasts, named Heart Notes Radio, created alongside the launch of the brand’s new collection of eau de parfums, named Othertopias.
New Delhi-based Renee Cosmetics has raised $1.5 million in a pre-series A funding round, which was led by Equanimity Ventures, 9Unicorns and Titan Capital.
The Chinese National Medical Products Administration has announced that it is cracking down on sales of counterfeit cosmetics, according to a report published by Reuters.
The Japan External Trade Organization (JETRO) has announced that it is set to launch a Made in Japan focused store on Amazon’s US site to help Japanese SMEs reach American shoppers more easily, according to a report published by NHK World.
The Body Shop India has named Sanya Malhotra Chief Brand Advocate to coincide with the launch of a campaign designed to support children who have lost their families, caregivers and livelihoods to the pandemic, according to a report published by the Indian Retailer.
Good Glamm’s POPxo has announced its entry into the beauty market, according to a report published by the Economic Times.
AmorePacific employs the highest ratio of female workers amongst Korean firms, according to corporate tracker Korea CXO Institute.
L’Oréal-owned Lancôme has been named as a Chinese Special Partner for esports contest, Worlds 2021, according to a report published by Sports Business Journal.
Kao participated in Kobe’s Plastic Next recycling event on October 1. The J-beauty giant was among several retailers, consumer product manufacturers and recyclers to participate with the city to recycle used refill packs of household and personal care items.
Dyson has announced the launch of its latest air purifier range onto the Indian market, according to a report published by the Business Standard.
Following the Tokyo Stock Exchange’s transition to new market segments, Shiseido has announced that its Board of Directors has determined to select and apply for a listing on the Prime Market.
Watsons China, part of the A.S. Watson Group, has been voted the Most Loved Local Brand in a poll by YiMagazine.
L’Oréal Singapore has joined forces with Nanyang Technological University (NTU Singapore) to launch a new joint laboratory to conduct research on the community of bacteria, fungi, and viruses (also called the microbiome) that live on our skin and scalp.
MyGlamm is relaunching as Good Glamm Group following a Rs255 crore top up to its Series C funding round, led by Trifecta Capital.
Marie Claire Paris has launched two franchised Salon & Wellness outlets in Bengaluru, according to a report published by the Hindustan Times.
Puig has invested an undisclosed sum in Chinese fragrance firm, Scent Library, according to a report published by WWD.
Shiseido is set to commence operations of its Osaka Ibaraki Factory and West Japan Distribution Center (WJD) in Ibaraki City, Osaka Prefecture, Japan, this month, following its completion in December 2020.
Avon has expanded its geographical reach with the opening of its first flagship store in mainland China.
CJ CheilJedang and National Marine Biodiversity Institute of Korea team up to research potential marine-derived ingredients
CJ CheilJedang and National Marine Biodiversity Institute of Korea have signed a memorandum of understanding to exchange research data on marine resources with a view to discovering new commercial ingredients for the FMCG industry, according to a report published by Yonhap News Agency.
Could the beauty and wellness industry be about to unveil 2021’s answer to CBD? Thailand has seen domestic sales of opioid alternative, kratom boom after the drug was legalized in late August, according to a report published by Bloomberg. The country is now poised to green-light exports to the US, the world’s largest market.
China declares war on plastics; microbeads to be banned and retailers encouraged to reduce plastic packaging
China has unveiled a five-year plan aimed at promoting more eco-friendly plastics, reducing the amount of plastic used in packaging and upping its recycling and incineration capabilities, according to a report published by Reuters.