Keerthana Ramakrishnan announces departure from 82˚E
Keerthana Ramakrishnan has announced that she is moving on from her role as Chief Marketing Officer at 82˚E. The former Nike executive announced her departure from Deepika Padukone’s self care brand on her Instagram account.
Baum to exit China
Shiseido-owned Baum is pulling out of the Chinese market. The J-beauty skin care brand will not accept further orders via its Tmall flagship store, effective immediately; physical locations are said to have shut up shop last month.
Shiseido scoops Max Mara fragrance license
Shiseido and MaxMara have announced a long-term fragrance partnership whereby the J-beauty giant will have the exclusive worldwide license to develop, produce, market and distribute fragrances under the MaxMara brand.
Thailand to close inbound duty free stores to encourage domestic spend
Thailand’s government has announced that it intends to shut down duty free stores in international arrivals zones in airports in a bid to encourage tourists to spend in local retail stores instead.
Estee Lauder unveils Skin Longevity Institute in China
The Estee Lauder Companies’ flagship brand is opening a new retail concept in China’s Hainan province this weekend. The Skin Longevity Institute, as the new space has been named, will offer a series of facial treatments, skin analysis services and stock the Re-Nutriv line.
AmorePacific names President of China unit
AmorePacific has named Taeho Park President of its China division. Park succeed Mike Hwang and is charged with overseeing business development for the K-beauty behemoth in this key market.
Shein files secret papers ahead of rumored London IPO
Shein is said to have filed confidential papers with UK regulatory bodies in advance of a possible IPO on the London Stock Exchange. The Chinese fast fashion firm is thought to be preparing to list in the second half of the year.
Sasa resumes dividend payments as profit soars
Sasa has announced its results for the 2023/24 financial year. The Hong Kong-based retailer saw turnover climb 24.8 percent to HK$4,367.5 million as Mainland tourists returned, while gross profit soared 27.3 percent yoy to HK$1,783.4 million.
L’Occitane Reports Mixed Financial Results Amid Buyout Efforts
L’Occitane International SA, the Hong Kong-listed beauty group, released its financial results for the year ending March 2024.
Flipkart Focuses on Tier II and III Markets with Premium BPC Products
E-commerce giant Flipkart is aggressively targeting Tier II and III markets, seeing 1.8x growth in premium Beauty and Personal Care (BPC) product sales from these regions.
LATEST NEWS
