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.
Nykaa Expands into the Middle East with New Subsidiary in Qatar
As part of its strategic Middle East expansion, beauty ecommerce giant Nykaa’s step-down subsidiary, Nessa International Holdings, has established a wholly-owned subsidiary in Qatar named Nysaa Cosmetics Trading.
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.
Kose to build CO2-free manufacturing facility
Kose has announced plans to build a facility using hydro-electric power, said to be the first of its kind in Japan. During its operational phase, the factory will draw on locally produced green hydrogen, and will be carbon neutral by 2040.
SK-II Launches First Concept Store in Kuala Lumpur
Skincare brand SK-II has launched its first concept store in Malaysia’s Kuala Lumpur, located in the Mid Valley Megamall.
Amazon Introduces Temu-Inspired Section for Budget-Friendly Chinese Products
Amazon plans to launch a dedicated section on its main website, mimicking the style of Chinese cross-border bargain app Temu.
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.
Yoox Net-a-Porter Shuts Down China Operations Amid Economic Challenges
Luxury clothing sales platform Yoox Net-a-Porter (YNAP) is ceasing its operations in China.
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.
MAC opens store in Sri Lanka
MAC has opened its first store in Sri Lanka. The Estee Lauder Companies-owned brand’s new location is described as an ‘immersive retail experience’ in Colombo’s One Galle Face Mall and will be operated by distribution partner Exclusive Lines.
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.
Coty and Shilla Duty Free to focus on omnichannel shopping
Coty and Shilla Duty Free have updated their joint digital business plan with a view to beefing up their omnichannel shopping offer in travel retail. The pair will focus on digital innovation, data analytics, retailer exclusivity and regional expansion.
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).
L’Oréal to Nurture K-Beauty Startups
L’Oréal, in collaboration with the South Korean government, is launching the L’Oréal Big Bang Startup Fostering Program.
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.
Marc Jacobs Perfume Exits Tmall Flagship Store
Marc Jacobs Perfume has announced that its official flagship store on Tmall will cease operations on June 30, 2024.
Good Glamm Group Appoints Estee Lauder Veteran Lauren Bloomer as President – International
The Good Glamm Group, South Asia’s direct-to-consumer beauty and personal care conglomerate, has appointed Lauren Bloomer as President – International.
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.
Amorepacific Overhauls Leadership of Key Overseas Subsidiaries
Amorepacific has undertaken a significant leadership overhaul by simultaneously replacing the CEOs of its key regional subsidiaries in China, North America (United States and Canada), and Japan.
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.
L’Occitane appoints Mingyu first Ambassador for the Asian region
L’Occitane has named rapper Mingyu as its first Ambassador for the Asian region. The brand feted its new partnership with the K-pop star at its Shibuya store – one of its flagship Asian locations.
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.
Chinese influencer banned from social media over ‘ostentatious’ wealth
Chinese influencer Wang Hongquanxong has been removed from social media platforms after falling foul of the country’s crackdown on displays of ostentatious wealth. His accounts have been deactivated for violating ‘self-discipline’ rules.
Nykaa Q4 and FY24: revenue and profit soars as India becomes ‘priority market’ for beauty
Nykaa has announced its results for the quarter and full year ended March 31, 2024. The Indian retailer saw revenue from operations rise 28 percent yoy in the final three months of the financial year to Rs16,680 million while adjusted EBITDA soared 56 percent yoy to Rs1,122 million.
NYX Professional Makeup to close Tmall and Taobao flagships
NYX Professional Makeup has announced the planned closure of its Tmall overseas flagship store as well as its official overseas flagship store on Taobao in June.
Yatsen Reports Q1 2024 Financial Results
Yatsen Holding Limited, a leading China-based beauty group, has released its unaudited financial results for Q1 2024.
Nivea vs. Ponds: Battle of the Moisturisers in Delhi Court
The Delhi High Court recently delivered a verdict in a three-year legal tussle between two of India’s most popular moisturiser brands, NIVEA and Ponds.
Rihanna makes appearance at pop-up to promote Fenty Beauty in China
Rihanna made an appearance at a pop-up store for her make-up line, Fenty Beauty, in Shanghai to support the launch of the brand in China. The pop-star prepared popular Chinese streetfood, jianbing, in front of fans.
Chinese police seize counterfeit cosmetics worth US$120 million
Chinese police have confiscated a stash of fake beauty products valued at approximately US$120 million. The authorities uncovered the stash during a series of raids in Taizhou, with more than 1,200 boxes seized.
Heinemann enters Indian duty free with Noida store
Heinemann is set to make its debut onto the Indian market, having been awarded duty-free and duty-paid retail concessions at Noida International Airport together with partner BWC Forwarders.
ANESSA Launches Sunshine Project to Promote Children’s Well-Being Across Asia
ANESSA, Asia’s leading suncare brand, has launched the ANESSA Sunshine Project, a groundbreaking initiative to promote children’s holistic well-being through safe sun exposure.
&be Launches Limited Edition Pokémon Color-Coded Cosmetic Sunscreen Collection
&be, the popular makeup brand created by hair and makeup artist Yusuke Kawakita, is set to release a limited-edition Pokémon collaboration collection of color-coded cosmetic sunscreens
Shiseido Q1 2024: Net sales inch up 3 percent as China and Travel Retail yet to recover
Shiseido has reported its results for the first quarter of fiscal 2024. The J-beauty giant said it had made a ‘solid start’ to 2024 amid steady market recovery, with net sales up 3.2 percent like-for-like to ¥249.5 billion although core operating profit dropped 9.6 percent to ¥11.3 billion.
C-beauty goes global as Florasis launches in Paris’ Samaritaine
Leading C-beauty brand, Florasis (Hua Xizi) has partnered with DFS to launch a counter in upscale Parisian department store, Samaritaine. The booth will appear in the middle of the LVMH-owned retailer’s beauty hall alongside fellow international prestige brands.
Kose Q1 2024: operating profit soars 33.5 percent as net sales rise 13.8 percent
Kose has reported its results for the first quarter of fiscal 2024. The J-beauty manufacturer saw sales leap 13.8 percent yoy (+9.9 percent excluding forex) to ¥77.5 billion while operating profit soared a massive 33.5 percent yoy to ¥7.9 billion.
Aekung Industrial Q1 2024: Sales rise 7.7 percent to KRW169.1 billion
Aekung Industrial has announced its results for the first quarter of the current financial year. The K-beauty manufacturer said sales rose 7.7 percent yoy to KRW169.1 billion. Operating profit increased 6.8 percent to KRW16.5 billion.
L’Oréal Travel Retail Asia Pacific Announces Leadership Transition
L’Oréal Travel Retail Asia Pacific has announced a significant leadership change with Tao Zhang stepping down as Managing Director to embrace a new role within the group. Jesus Abia will take over as the new Managing Director effective July 1.
CJ Olive Young Sets Sights on Japan for Strategic Expansion
J Olive Young Corp., South Korea’s premier beauty retail chain, is expanding its global footprint by establishing a subsidiary in Japan within the first half of this year.
Shiseido drafts in athletes to spread sun safety message
Shiseido has unveiled its latest sun care campaign. The J-beauty brand’s Sun on the Run initiative features six athletes, collectively called the ‘Ultimate Sun Pros’, to demonstrate the attributes of its latest sunscreen launch: Ultimate Sun Protection Lotion SPF60+, which is designed to perform better as the wearer sweats.
Shiseido Hong Kong unveils innovative AI-based campaign
Shiseido has collaborated with Hong Kong-based Narrow Door, iProspect and Innocept to create a novel campaign designed to promote its signature skin care range. The campaign stars pop group Mirror and fuses artificial intelligence with creativity.
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