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.
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