Watsons has announced the launch of its Foundation Finder in its mobile app. The new widget purports to help customers identify their perfect base color and shade, not to mention furthering the brand’s reach into the foundation segment.
Chanel Korea has issued an apology after a cyberattack leaked customer’s personal data from the membership database of its Fragrance and Beauty division, according to a report by the Korea Herald.
Unilever Bangladesh has launched a direct-to-consumer e-commerce site, named Ushopbd.com.
Last week in a succession announcement, Procter & Gamble named both its new CEO and COO (Jon Moeller and Shailesh Jejurikar respectively) but, in all the fanfare, one important detail was lost: Jejurikar is the first Indian National to take up such a key role at the US FMCG giant, according to a report published by the India Times.
Shiseido is on the road to recovery after COVID-19 saw sales plummet some 26 percent in the first half of 2020. The J-beauty behemoth’s latest set of results tell a different story, with sales rising 21.5 percent in the first six months of 2021, reaching ¥507,687 million.
U.S. nutritional retailer The Vitamin Shoppe has announced its expansion into South Korea with the launch of a directly-owned and operated e-commerce busines
Square acquires Afterpay in US$29 billion deal as ‘buy now, pay later’ finance options soar in popularity
Payment company Square has acquired ‘buy now, pay later’ provider Afterpay in a US$29 billion deal, making it the largest takeover bid in Australian history, according to FT.com.
PZ Cussons has drafted in Lion & Lion to help it navigate its launch onto the e-commerce market in Indonesia, according to a report published by Marketing Interactive.
AmorePacific Group has reported a storming set of second-quarter results, according to a report published by Korea Joonang Daily, well above analyst expectations.
Chanel has launched a new e-commerce platform for its beauty and fragrance offer for Singaporean shoppers, according to a report published by Tatler Asia.
Hindustan Unilever (HUL) has debuted its new in-store vending model ‘Smart Fill’ at Mumbai’s Reliance Smart Acme Mall, in a pilot project via a partnership with Reliance Retail.
Indonesian marketplace GudangAda has raised more than $100 million in a Series B funding round, which was led by Asia Partners and Falcon Edge, according to a report by TechCrunch.
India’s DTC beauty brand MyGlamm has closed its Series C funding round at US$71 million with a top up of $47.5 million to the existing $23.5 million crores it had closed in March of this year.
LG Household & Healthcare has reported a 10.6 YOY Q2 net income rise to 226.4 billion won ($196.8 million), bolstered by the sale of luxury brand cosmetics in China.
Watsons has announced that it is strengthening its commitment to climate change with a target to offset 2,250 tons of carbon dioxide emissions.
Dior’s beauty arm has teamed up with South Korean social media app Zepeto to launch a digital makeup collection, aimed at a Gen Z audience.
Dolce & Gabbana is set to launch a new and exclusive non-fungible token (NFT) collection in collaboration with luxury digital marketplace UNXD, powered by the Polygon Network, according to a report by Crypto Daily.
U.S.-based streaming service Netflix is set to open its first bricks & mortar store in the first half of 2022, located in Tokyo
Local Chinese skin care brand, Kans has announced that it will sever all ties with pop star Kris Wu after the singer was accused of the date rape of a teenage girl, according to a report published by France 24. Wu has denied the allegations.
Shinsegae’s online shopping unit, SSG.com has launched an overnight delivery service for beauty products, according to a report published by Aju Daily.
Bewakoof has announced the launch of its first beauty and personal care line, according to a report published by Mint. The Indian D2C fashion brand’s first foray into cosmetics has been named Cosmos.
NX Nivea Accelerator, the global beauty startup acceleration program of Beiersdorf, has announced the five winners of its annual start-up acceleration program.
Indian e-commerce start-up Flipkart, backed by Walmart, has seen its valuation rise to US$37.6 billion following fundraising supported by Japan’s SoftBank Group and other investors, according to WSJ.
Wesfarmers has announced that it has submitted a non-binding offer to the Board of Australian Pharmaceutical Industries to acquire 100 percent of API’s shares for US$1.38 per share. The proposal price equates to a total equity value of US$687 million, based on 498.2 million fully diluted shares outstanding.
A Chinese appeal court has awarded L’Occitane damages of US$1.4 million (RMB9 million) and an injunction for trademark infringement and unfair competition, according to a report published by the National Law Review.
Chinese and foreign brands are becoming increasingly reliant on WeChat to reach shoppers, according to a report published by SCMP.
L’Oréal has promoted four leaders from the Indian management team to regional management roles across the South Asia, the Middle East and North African (SAPMENA) zone, according to the Times of India.
Shiseido will launch a new boutique in the international departure area of Haneda Airport Terminal 3, ahead of next month’s Tokyo Olympics.
Bombay Shaving has named R Ashwin as Brand Ambassador, according to a report published by Mint.
Procter & Gamble Singapore is extending its R&D capabilities with the launch of a dedicated baby care research facility at the P&G Singapore Innovation Center, according to a report published by Biospectrum Media.
Shiseido has announced that it has completed the sale of its personal care business, previously announced in February this year.
The Estée Lauder Companies has been fined 400,000 yuan (US$61,920) by Jing’an District Administration for Market Regulation due to misleading claims on a Clinique product, according to Shine.cn.
L’Occitane has reported an annual net profit rise of 36.3 percent to a record €157 million, with that sales and performance ‘exceeding expectations.’
Indian D2C consumer tech company boAt has expanded into the personal grooming sector with its new venture, named MISFIT, aimed at millennials.
Palm oil supplier IOI has issued a statement in response to allegations concerning forced labor at its Malaysian branch. The commodity producer revealed that it was aware of a letter from US Customs and Border Protection which acknowledges receipt of a petition containing said allegations and that it has determined that there is sufficient cause to investigate.
Kao has released progress reports on its ESG (Environmental, Social and Governance) strategy, the Kirei Lifestyle Plan, first announced in April 2019.
UK health and wellness retailer Holland & Barrett has launched into China via Alibaba’s Tmall site.
Global investment firm KKR has acquired a controlling stake in Indian beauty company Vini Cosmetics in an investment deal worth US$625 million.
Canadian wellness platform Yooma has announced that it will be discontinuing operations in China, effective immediately.
Beiersdorf-owned Nivea India has named Ajay Simha as its Marketing Director, effective immediately, according to a report published by the Financial Express.
Beiersdorf is expanding its NX Nivea Accelerator program to Shanghai, China following its success in Seoul, South Korea. To that end, the German manufacturer of Nivea has selected five start-ups for its first cohort.
MyGlamm has appointed Shraddha Kapoor as Brand Ambassador. Kapoor has also invested in the brand.
Shiseido has created a new holding company for its personal care brands Tsubaki and Senka, with CVC Capital Partners named as a joint investor.
Shiseido has chosen 10 recipients, for its 14th Shiseido Female Researcher Science Grant – each will receive ¥1 million.
Jennie Ma has moved into the role of General Manager, Lancôme, North Asia zone, according to a report by Marketing Interactive.
Direct-to-consumer beauty start-up Pilgrim has raised Rs13 crore in a Series A funding round, led by Fireside Ventures, Rukum capital, the Founder and CEO of Bewakoof.com, and the founding teams of Boat and NoBroker, according to a report by the Economic Times India.
Almost 16,000 passengers have boarded 152 flights ‘to nowhere’ in order to indulge in a tax free shopping spree, according to a report published by The Korea Herald quoting data from the Korea Customs Service.
Unilever Bangladesh has named Zaved Akhtar as Chief Executive Officer and Managing Director, according to a report published by the Dhaka Tribune, effective July 1.
Hong Kong’s Customs and Excise Department has seized a cache of luxury goods worth some HK$120 million from smugglers, according to a report published by France24.
Shiseido has been selected as one of the stocks in the COVID Response (Customer Care) category within the Digital Transformation Stocks (DX Stocks) 2021 program.