Hankyu Hanshin Department Stores charged ¥200 million over botched duty-free sales
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.
France hopes to cooperate with China on cosmetics safety standards
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.
Chairman of L’Occitane International Considers Privatization Amid Strong Q1 Results
Reinold Geiger, Chairman of French skincare corporation L’Occitane International, is reportedly considering taking the company private.
Shu Uemura: Stickers Digitize Your Makeup!
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.
Christian Melcher Takes Charge as Kao’s Global Salon CMO
Kao Corporation has selected Christian Melcher as its Salon division’s Global Chief Marketing Officer
LG Household & Health Care Rethinks Cosmetics Franchise Strategy
LG Household & Health Care Ltd., a major South Korean company, is considering withdrawing from the cosmetics franchise business due to inadequate performance.
Amorepacific Joins Global Alliance for Animal-Free Cosmetic Safety
South Korean cosmetics company Amorepacific has joined the International Collaboration on Cosmetics Safety (ICCS).
Bain Capital Eyes Ilooda Acquisition
Ilooda, a South Korean medical aesthetic device maker, is expected to sell its management rights to US private equity company Bain Capital LP.
Goal for Beauty: Estée Lauder Tackles Skincare with Manchester United
Estée Lauder is partnering with Manchester United to tap into the football club’s expansive fanbase in China and the Asia Pacific.
Shiseido rides the green wave, teaming up with CHITOSE for eco-friendly microalgae
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.
Sephora’s Makeover: China Edition – Eyeing €20 Billion Look
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’s Turnover Surges Amidst Travel Rebound
Sasa International, a beauty retailer based in Hong Kong, experienced a 30.9% upswing in turnover for the quarter ended June 30.
Grown Alchemist Arrives in China
Australia’s Grown Alchemist is bringing its skincare products to China through a partnership with Sephora China.
Indonesian Halal Cosmetics Ascend, Challenging Global Brands
Indonesian cosmetics firms, Esqa and Rose All Day Cosmetics (RADC), are capitalizing on the rising demand for halal and vegan products.
Hong Kong International Airport launches metaverse
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 Q124: strong demand for beauty sends revenue growth soaring
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.
Sales soar in Hainan as travel back on the agenda for Chinese tourists
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 Q1: strong demand spurs double digit sales growth
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 closes on Solus Biotech acquisition
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 to tour pop-up hotel concept in Asia Pacific
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 names GM of Consumer Products for Malaysia and Singapore
L’Oréal has named Ankit Porwal General Manager, Consumer Products for Malaysia and Singapore, according to a report published by Marketing Interactive.
Tencent to open WeChat Pay to international tourists
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 said to be poised to list on New York stock exchange
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.
P&G partners with Flipkart on Forests for Good program
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.
Etude House reports record operating profit
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 boost strategic partnership to spread K-beauty fever across Asia
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.
Kama Ayurveda debuts in UK; store to follow in fall
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 pledges to reduce emissions at China’s first carbon-neutrality expo
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 names recipients of 16th Female Researcher Science Grant
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 boycott J-beauty over Fukishima release
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’s Chennai plant hits carbon neutral target
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 C&C turns first profit on back of international success
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.
Daniel Zhang to step down as Alibaba CEO in management shake-up
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 cuts the ribbon on innovation center in China
Pierre Fabre has announced the opening of its new dermo-cosmetics innovation and research center in China, its fourth such facility worldwide.
Shinsegae takes on Coupang with retail tie-ups
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.
Publicis wins L’Oréal Vietnam account for another term
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 targets China’s ultra-rich with VIP salons
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 launches in Sephora India
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 launches Store of the Future in China
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 floats on Kosdaq market
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.
Bernard Arnault set to visit China
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 brings ethical beauty offer to Vietnam
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 launches Global Beauty Store
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.
P&G partners with Lazada to launch personalized hair care microsite
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 teams up with Nykaa to launch Beauty & You program
The Estee Lauder Companies’ New Incubation Ventures (NIV) has teamed up with Nykaa to launch the second edition of Beauty & You.
Henkel: we’ll double our market share in India’s premium hair segment by 2025
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 to open Hong Kong store as Chinese tourists return
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.
EU queries Chinese cosmetics registration process
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.
Le Saunda to focus on beauty
Hong Kong-based shoe brand, Le Saunda is branching out into the world of beauty, according to a report published by Inside Retail Asia.
Le Labo cuts ribbon on first store in China
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.
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