Hong Kong customs seize biggest haul to date of smuggled luxury goods
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.
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Tmall leaps into intellectual property domain with IPmart launch
Alibaba-owned Tmall has launched an intellectual property trading property, dubbed IPmart, designed to help China’s emerging creators find business opportunities, according to a report published by WWD.
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Share prices of Thai cosmetic firms jump as cannabis market ramps up
Share prices of Thai consumer firms have jumped following the government decision to allow the use of most parts of cannabis and hemp in cosmetics and food, according to a report by Reuters.
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US, Australia, India and Japan to partner over rare earth purchase
The US, Australia, India and Japan are in talks over the possibility of partnering over rare earth procurement, according to a report published by Nikkei Asia.
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France enables export of non-animal tested cosmetics to China in EU first
France is set to become the first country in the European Union to export cosmetics to China without recourse to animal testing, according to a report published by France’s beauty business association (FEBEA).
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Activists pressure retailers to cut ties with Japan’s DHC following CEO’s racist comment
Activists in Japan are encouraging retailers to cut ties with Japanese beauty company DHC following company CEO Yoshiaki Yoshida’s use of the term ‘Chon’ – a racist term for Koreans, according to The Korea Herald.
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Delhi high court refuses Reckitt Benckiser suit against Dabur
The Delhi high court has ruled against Reckitt Benckiser (RB) in a lawsuit brought against Dabur, ruling that the latter’s Sanitize soap bar cannot be confused with RB’s Dettol, according to barandbench.com.
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China slaps fines on Chanel over skin care claims
Chanel has been fined for violating China’s Regulations on Cosmetics Hygiene Supervision and the Advertising Law of the People’s Republic of China, according to a report published by Jing Daily.
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Thailand has made a landmark decision to allow the use of most parts of cannabis and hemp for cosmetics and food, with individuals and businesses now also being able to cultivate hemp seed and seed extract.
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India regulator approves Reliance Industries acquisition of Future Retail; blocks Amazon’s calls to stop the deal
Reliance Industries planned $3.5 billion acquisition of Future Retail has been given the go-ahead from the Competition Commission of India, ignoring calls from Amazon to block the deal, according to Bloomberg.com.
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