Straand raises US$2.6 million in funding round led by Unilever Ventures
Straand has closed a US$2.6 million funding round led by the Harvey Family Office and Unilever Ventures. The round brings the scalp care brand’s fundraising total to US$4.6 million.
Shein mulls London IPO
Shein is said to have met with the London Stock Exchange to explore the possibility of a listing in the UK.
Shiseido sets up new venture fund, LIFT Ventures
Shiseido has announced the launch of a new venture fund. Shiseido Long Term Investments for the Future (LIFT) Ventures, as the new fund has been named, will be a vehicle for investing in innovative early-stage companies within the beauty wellness space.
Shiseido ushers in Value Creation Strategy Division; makes key appointments
Shiseido has announced the creation of a new division that it has named the Value Creation Strategy Division. The unit will be under the direct supervision of the Chief Marketing & Innovation Officer and will integrate all functions of CMI within HQ and Shiseido Japan.
Shiseido invests in talent development with new Future University facility
Shiseido has cut the ribbon on a new talent development facility in Ginza. The Shiseido Future University is designed to nurture the next generation of Shiseido leaders.
Nu Skin Opens Shanghai Facility
Nu Skin Enterprises, Inc. has opened a new manufacturing facility in Shanghai, China, representing an investment of approximately $55 million.
Harvey Nichols to shutter Hong Kong store
Harvey Nichols has announced that it will close its Hong Kong Central store in March next year. The 60,000 square foot space was opened in 2005.
Marubeni pins hopes on Southeast Asia growth with Osaji investment
Marubeni has announced that it has sealed a capital allowance deal to underwrite a third-party allotment of new shares by Osaji. The Japanese firm will invest some ¥1 billion in Osaji, which was spun off from Nitto last month.
Yatsen Q3 2023: Revenue dives 16.3 percent to RMB718.1 million
Yatsen has announced its unaudited results for the third quarter of 2023. The Chinese beauty firm saw revenue fall 16.3 percent versus the prior-year period to RMB718.1 million, which it attributed primarily to its colour cosmetics brands.
Honasa Consumer Shares Surge Post-Profits
Honasa Consumer, the parent company of beauty and personal care product maker Mamaearth, saw its shares rise by 20% following a report of increased quarterly profits.
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