Unilever Ventures leads US$6 million Series A funding round in Indonesia’s ESQA
Indonesia beauty brand ESQA has raised US$6 million in a Series A funding round led by Unilever Ventures, the venture capital arm of Unilever, according to Technode Global.
Kao announces leadership reshuffle
Kao has announced a series of changes to its leadership, effective January 1, 2023. The Japanese FMCG manufacturer is promoting Masakazu Negoro to Senior Managing Executive Officer, responsible for management finance and Toru Nishiguchi to Senior Managing Executive Officer, Vice President Consumer Products Global.
AmorePacific signs VPPA with Bukchon Seomo Wind Power
AmorePacific has signed what it is claiming to be Korea’s first Virtual Power Purchase Agreement (VPPA) with Jeju-based Bukchon Seomo Wind Power.
Amway India relaunches Artistry as Artistry Skin Nutrition
Amway India has announced that it is rebranding its premium skin care line, Artistry, as Artistry Skin Nutrition, according to a report published by the Business Standard.
Avon partners with Perfect Corp on personalised product recommendations and AR virtual try-on
Avon has partnered with Perfect Corp to launch a virtual try-on (VTO) online shopping experience in nine initial markets, including the UK.
L’Oréal India to focus on premium hair care over the next few years
L’Oréal India is said to be focusing on bringing premium hair care products to the Indian market, according to Omar Hajeri, President, L’Oréal Professional Products division, who spoke to the Mint.
L’Oréal issues apology over marketing promotion for new brand Shihyo; faces backlash from Chinese consumers
L’Oréal has issued an apology over the marketing promotions of its new brand Shihyo through third party JV Loshian, which called the 24 solar terms of the traditional lunar Chinese calendar as ‘Asian’ wisdom, according to a report by Global Times.
C-beauty gains ground in the fragrance market
Locally made fragrances are starting to gain popularity in China, according to a report published by Nikkei Asia. Brands such as To Summer and Documents have developed a dedicated following among younger shoppers, who have displayed a marked preference for domestic labels over foreign imports.
Mane Group invests €23 million in Indian manufacturing
French flavors and fragrances manufacturer, Mane Group has invested €23 million in two new manufacturing facilities in India, according to a report published by Indian Retailer. The company’s Chairman, Jean Mane cut the ribbon on the new Gujarat and Hyderabad plants.
Garnier opens plastic waste collection center in Chennai
L’Oréal-owned Garnier has teamed up with Plastics for Change to open a plastic waste collection facility in Chennai, India, according to a report published by The Print.
Lee Jung-ae makes history as first female CEO at LG Household & Health Care
LG Household & Health Care has named Lee Jung-ae as Chief Executive Officer, the first woman to step into the top job in the company’s history, according to a report published by Korea JoongAng Daily.
Australian distributor Frostbland acquires skincare brand Alya Skin
Australian distributor Frostbland has acquired skincare brand Alya Skin.
L’Oréal announces Aseem Kaushik as Managing Director for India
L’Oréal has announced the appointment of Aseem Kaushik as Managing Director for India, succeeding Amit Jain who will retired at year-end, according to a report by Exchange4Media.
Shiseido ups investment in Chinese market
Shiseido has pledged some US$140 million in order to boost its innovation capabilities in China, according to a report published by Xinhua.
L’Oréal teams up with Hotel Shilla to launch new luxury brand
L’Oréal has teamed up with Hotel Shilla and Anchor Equity Partners to launch a newly created luxury beauty brand via a joint venture named Loshian.
Tata Group plans 20 tech-heavy beauty stores
India’s Tata Group is gearing up to compete with the likes of Sephora and Nykaa with the launch of a new tech-heavy beauty retail brand, according to a report published by Reuters.
Japanese financial services group Orix to acquire cosmetics mail-order company DHC
Japanese financial services group Orix is set to acquire Toyko-based mail-order cosmetics and health company DHC in a US$2.1 billion deal, according to Nikkei Asia.
Indian Actress Deepika Padukone launches new self-care brand, 82°E
Indian Actress Deepika Padukone has launched a new self care brand named 82°E, with the products all containing an Indian ingredient.
Shiseido to issue first sustainability linked bonds
Shiseido is set to offer its first sustainability linked bonds, having filed an Amended Shelf Registration Statement on November 11 with the Director General of the Kanto Local Finance Bureau.
Kao pilots subscription beauty program
Kao Corporation has announced that its prestige skin care brand, est is set to pilot a subscription model. Some 20 customers will test the program, which costs ¥300,000 per year, from this month.
Shiseido promotes China chief to President and COO
Shiseido has announced a new management structure. The J-beauty giant has promoted the Senior Executive Officer China Region CEO, Kentaro Fujiwara to President and Chief Operation Officer.
India’s D2C Ecommerce acquires personal care brand Luxura Sciences
India’s e-commerce platform D2C Ecommerce has acquired personal care D2C brand Luxura Sciences.
Alibaba encourages consumers to shop sustainability on Single’s Day
Alibaba has encouraged eco-friendly shopping during the 11.11 Global Shopping Festival, according to Alizila.com.
L’Oréal hosts first North Asia Beauty Innovation Summit
L’Oréal hosted the first-ever North Asia Beauty Industry Innovation Summit during the China International Import Expo, focusing on the future of beauty powered by technology and innovation through co-creation in Japan, China and Korea.
AmorePacific Q3: Sales plummet 15.6 percent as China’s zero Covid policy bites
AmorePacific has reported its results for the third quarter of the current financial year. The K-beauty behemoth saw sales drop 15.6 percent compared to the prior-year quarter and operating profit dive 62.6 percent, according to a report published by Inside Retail Asia.
Unilever rolls out four-day working week trial to Australia
Following encouraging early results from an 18-month pilot in New Zealand, Unilever is extending its four-day work week to its Australian business.
Nykaa parent company FSN E-Commerce reports soaring Q2 profit due to festive season demand
Parent company of beauty brand Nykaa, FSN E-Commerce has reported a Q2 net profit surge to 41.08 million Indian rupees (US$497,210) in the July-September quarter, from 11.7 million rupees year on year, according to a report by Reuters.
Ocado shares rise following deal with South Korean retailer Lotte Shopping
Sales in online grocer Ocado have soared after it announced a deal to build robotic warehouses for South Korean retailer Lotte Shopping, according to a report by the Guardian.
Hong Kong mulls green lighting crypto trades
Hong Kong is exploring the possibility of allowing retail trading of crypto assets, according to a report published by the Financial Times.
Coupang to expand to Southeast Asia via Taiwan base
South Korea’s Coupang has announced that it is set to extend its reach to Southeast Asia via a logistics base in Taiwan, according to a report published by Pulse News.
LVMH signs first energy saving deal with Chinese mall owner
LVMH has announced that it has signed its first partnership with a leading shopping mall owner as part of its wider policy to reduce its energy consumption.
The Estee Lauder Companies names VP/GM Travel Retail Southeast Asia
The Estee Lauder Companies has named Bart Dubbeld Vice President / General Manager of its Travel Retail Southeast Asia division, effective immediately.
Nykaa parent company falls below initial public offering price
Nykaa parent company FSN E-Commerce Ventures has fallen below its initial public offering issue price of 1,125 rupees, according to a report by Reuters.
AmorePacific partners with AI-based start-up Asleep
AmorePacific has teamed up with artificial intelligence-based start-up Asleep to verify the performance of skincare products capable of helping users sleep properly, according to Aju Daily.
Johnson & Johnson sells Indian talc plant
Johnson & Johnson has sold a manufacturing facility near Hyderabad that has never been in operation, according to a report published by Fierce Pharma. Hetero has acquired the site for an undisclosed sum, rumored to be in the region of Rs130 crore.
Coty cuts ribbon on digital flagship store for Hugo Boss in Southeast Asia
Coty has opened its largest digital flagship to date in Southeast Asia for its Hugo Boss Fragrances brand in partnership with Lazada.
SoftBank sells THG stake at a loss to beauty company Co-Founder Matthew Moulding; cements his control of company
SoftBank has sold its stake in THG to Co-Founder Matthew Moulding and Qatar’s sovereign wealth fund for £31 million – a catastrophic loss on the £481 million investment made in 2021.
Max Factor China launches first collaboration with fashion incubator Labelhood
Coty-owned Max Factor China has launched its first collaboration with fashion incubation community Labelhood.
Amway ordered to suspend trade in Japan over illegal soliciting
Amway has been ordered to suspend recruitment of new members in Japan for six months for violating the country’s commercial transaction law which prohibits direct sales firms from soliciting shoppers to buy products or join without telling them about the nature of the business, according to a report published by the Japan Times.
Japan creates new court for business disputes
Japan has combined its Intellectual Property High Court and three bankruptcy divisions into one specialist entity to deal with business activities, according to a report published by Nikkei Asia.
Ushopal acquires Argentum Apothecary
Ushopal has acquired Argentum Apothecary for an undisclosed sum, according to a report published by WWD. The Chinese firm’s buyout of the British clean beauty brand follows on from a financing round in which Ushopal led back in late 2021.
L’Oréal breaks ground on smart operation center in Suzhou
Construction has begun on a smart operations hub in China for French beauty behemoth L’Oréal, according to a report published by Yicai Global. The center is designed to improve warehousing and logistics efficiency in the region.
L’Oréal Indonesia appoints Junaid Murtaza as new President Director
L’Oréal Indonesia has appointed Junaid Murtaza as new President Director, succeeding Umesh Phadke, according to Marketing Interative.
A.S Watson launches AI-powered Skinfie Lab in collaboration with L’Oréal’s Modiface in Asia
A.S. Watson has announced the regional launch of Skinfie Lab, a skin analysis tool that creates highly personalised skincare product recommendations based on customers’ selfies.
China’s Giant Biogene Holding and Shanghai Chicmax Cosmetic to launch IPOs in Hong Kong
Chinese skin care firms, Giant Biogene Holding and Shanghai Chicmax Cosmetic have been given the go-ahead to float on the Hong Kong stock exchange, according to a report published by the South China Morning Post.
Hope on the horizon for Japanese department stores as travel restrictions lifted
Shares in Japanese department stores started to climb after the country announced an end to travel restrictions that have been in place since the start of the pandemic, according to a report published by Bloomberg.
Yatsen sued by investors over share price
Yatsen and its largest shareholder, Hillhouse Capital, are being sued by investors in the Chinese cosmetics firm for allegedly facilitating a rise in the share price via the release of deceptive information, according to a report published by Bloomberg.
Reliance Industries launches first in-house premium fashion and lifestyle store
India’s Reliance Industries has launched its first in-house fashion and lifestyle store, named Azorte, according to a report by Reuters.
Singapore-based shopping platform ShopBack raises an additional US$80 million funding in Series F extension
Singapore-based shopping platform ShopBack has raised an additional US$80 million in funding in a Series F extension, according to a report by Nikkei Asia.
Shilla Duty Free and Lauder to debut consultations via video call
Shilla Duty Free has teamed up with The Estee Lauder Companies to launch a video-based online consultation service, which it is claiming is the first of its kind in the travel retail sphere, according to a report published by DFNI Frontier.
LATEST NEWS
