Renee Cosmetics raises ₹100 crore in Series B funding round
Renee Cosmetics has raised ₹100 crore in a Series B funding round led by existing investors, Evolvence India and Edelweiss Group. The round places a valuation of ₹1200-1400 crore on the make-up brand, up 60 percent on the previous round.
Kirin Holdings to Acquire Fancl in US$1.39 Billion Deal
Kirin Holdings Co. is set to acquire Japanese skincare and cosmetics brand Fancl for approximately ¥220 billion (US$1.39 billion).
Nivea India celebrates sustainability milestone; 65 tons of MLP recycled
Nivea India is celebrating a significant milestone on its mission to reduce plastic waste. The Beiersdorf-owned brand has recycled 65 tons of multi-layer plastics (MLP) in the four and a half years of implementation.
Mugler cuts ribbon on Shanghai pop-up boutique
Mugler has opened the doors to its first bricks and mortar retail offer in China. The fashion and fragrance brand opened a pop-up boutique in Shanghai – the store will be resident in the city’s Reel shopping center for 12 months.
Watsons invests US$250 million in store upgrades
Watsons has embarked on a program of store refits. The AS Watson-owned chain is investing some US$250 million to upgrade and open some 3,800 stores by the end of the year across 15 markets worldwide.
Yatsen Group cuts ribbon on RMB80 million Global R&D Center
Yatsen Group has inaugurated its Global Innovation R&D Center in Shanghai. The facility is the first global innovation R&D center for Perfect Diary, with Yatsen investing more than RMB80 million in its construction.
Oriflame makes eyes at India’s youth market
Oriflame is hoping to appeal to India’s next generation of shoppers with a strategic initiative that is designed to target the country’s youth through an emphasis on both wellbeing and micro-entrepreneurship.
Ranveer Singh stars in new campaign for Nivea Men
Nivea Men has debuted a campaign in India for its Fresh Active Deo Roll On starring brand ambassador Ranveer Singh. The Beiersdorf-owned brand’s latest marketing material is designed to highlight the product benefits, namely lasting freshness from a single application.
Mamaearth Parent Company Honasa Consumer Reports Q4 Profit Amid Increased Beauty Product Sales
Indian skincare giant Honasa Consumer, the parent company of Mamaearth, has announced a significant financial turnaround in the fourth quarter.
Chanel and Power Station of Art sign strategic partnership
Chanel has signed a strategic partnership with Shanghai’s Power Station of Art which is designed to help restore the museum, as well as boost research capacity and build up the collection.
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