The South Korean arm of South East Asian e-commerce platform Shopee has inked a deal with the Korean SMEs and Startups Agency (KOSME) to form a logistics service to facilitate the entry of Korean products to Poland.
Hong Kong beauty retailer Sa Sa International says it lost approximately 480 business days over the fifth wave of the pandemic as COVID-19 infections among staff members forced it to shutter its stores.
Estonian beauty technology firm Haut.AI is aiming to expand its AI skin analysis tool in the Asian region, particularly in China, South Korea and Indonesia.
In this round-up of financial results and business trends in the cosmetics industry, we highlight Cosmax’s 2022 ambitions, the opportunity for halal oral care exports and more.
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Vegan beauty brand Plum is aiming to unlock the potential it sees in India’s hair care, make-up and body care and sectors to fuel its growth this year.
Shiseido is aiming to accelerate the growth of its skin care business in the western markets with marquee brands such as SHISEIDO, Clé de Peau Beauté and Drunk Elephant.
Gotha Cosmetics has set up local production in China, where it believes it can tap into the post-COVID growth potential of the market while lessening the burden of rising shipping costs and delivery lead times.
A new report by the Korean Trade-Investment Promotion Agency (KOTRA) has highlighted untapped opportunities for K-beauty in Laos, particularly for skin care.
French cosmetics company L’Occitane has moved to make its portfolio more appealing to millennials and Gen Z consumers with the acquisition of Australian clean beauty brand Grown Alchemist.
Japanese cosmetics major Shiseido is developing a digital beauty platform to cater to the online lifestyle habits that are likely to continue long after the pandemic, revealed the firm’s CEO.
Singaporean beauty brand Ange Gardien Paris says its sales has grown 50% in the six months since it started to take a social commerce approach to selling.
Japanese skin care brand Orbis is aiming to tap into interest in skin care by expanding into emerging skin care segments such as acne care and men’s skin care after its disappointing 2021 results.
The Korean cosmetic industry is predicted to grow in the second quarter this year despite the economic uncertainty, according to a new report by the Korean Chamber of Commerce and Industry (KCCI).
Singapore-based cosmeceutical brand Aspurely is targeting revenue highs of U$5.9m, an approximate growth of 35%, this year on the back of its overseas expansion and a new distribution strategy.
A.S. Watson's health and beauty division grew up by 17% on the back of growth in Europe which helped to offset declines in China brought about by COVID-19
We round up the most recent developments in China’s booming beauty market, featuring regulation news as well as business updates from Beiersdorf, Yatsen and more.
South Korean cosmetics giant Cosmax Inc is tapping into opportunities in personalised cosmetics and pet grooming to achieve its target of U$2.5bn in sales in 2022.
Walmart launched BEAUTYSPACENK with Space NK to bring prestige personal care to the retail giant's online and instore sales spaces . CosmeticsDesign spoke with Laurie Tessier, merchandising director for prestige beauty at Walmart, about the launch.
A trio of Japanese cosmetics companies – Shiseido, Kao and Lion – have stepped up to aid relief efforts in Ukraine amid Russia’s ongoing attacks on the country.
Japanese personal care major Kao is partnering with beauty media and retail firm istyle to build a skin RNA database by 2023 with the sebum RNA testing technology it developed.
Indian personal care brand Sanfe has recently launched beauty brand with skin and hair care products as part of its latest effort to become a 'one-stop shop' for beauty and personal care solutions.
The DTC personal care market has evolved rapidly and the recent layoffs by Glossier can teach the industry how a brand can misstep and what to know going forward, says One Rockwell.
South Korean ODM company Cosmax has achieved record-high sales and operating profit figures due to strong performance in China and South East Asia, which helped to offset a decline in the US.
German consumer goods major Beiersdorf is gearing up to expand its business in China through Nivea and Eucerin, which it believes have the potential to have as much success as its luxury brand La Prairie.
Japanese personal care conglomerate Pola Orbis Holdings has set a target for its cosmetics business to achieve at least JPY280bn (U$2.4bn) in sales by 2029, the year it celebrates its centennial.
International skin care major Beiersdorf has reported a rise in group sales and net profit for the full year of 2021, with significant growth in Latin and North America.
Japan’s Kosé Corporation is focusing investments into China’s travel retail market, namely in Hainan Island, where it hopes to boost its high-end skin care brand Decorté.
French beauty giant L’Oréal Group has credited the boom in luxury fragrance to the growing appreciation among Chinese consumers and expects it to continue growing by double-digits in the years to come.
UK-headquartered Revolution Beauty Group has completed its acquisition of BH Cosmetics assets in a €3.4m deal set to re-energise the US brand after its bankruptcy filing in January.
The company behind India’s SUGAR Cosmetics says it will target growth in the country’s tier two and three cities for skin care brand ENN Beauty, after taking a majority stake.
Beauty and wellbeing brand Rituals has “ambitious” growth plans in place for China’s travel retail market, which it believes will be key to its business in the APAC region.
Beauty and fragrance manufacturer Coty reports that the growth of its prestige beauty business in China is outstripping the market, with the firm predicting that the luxury sector, in particular, is ripe for future growth.
Indian direct-to-consumers clean beauty brand Conscious Chemist is ramping up its product expansion plans following Lotus Herbals’ investment in its company.
US sun care brand Supergoop! is ramping up efforts to advocate the benefits of sunscreen and release competitive products in the “super important” South East Asian market.
Beauty major Estée Lauder Companies says it will be increasing its coverage across all channels in China this year to capitalise on the growth potential of its beauty market.
Consumer goods major Unilever has reported growth in full-year 2021 net sales and net profit, with a strong performance in beauty and personal care, but has said a dramatic rise in input costs remains a considerable challenge.
Kao is mulling over the decision to discontinue or divest another 13 of its beauty brands by 2024 to focus on its core G11 and R8 products, amid warnings that the impact of the pandemic will continue to be felt across the 12 months.
International beauty major L’Oréal has reported a significant rise in full-year 2021 sales and net profit globally, with Latin America and North Asia performing particularly well and business in its Luxe and Active Cosmetics divisions leading the surge.
Personal care major Unilever has split out its operations into five distinct business units to create a more category-focused company, breaking up its largest division beauty and personal care.
Indian consumer goods giant Hindustan Unilever says it is taking a cautious approach to any possible beauty acquisitions that could potentially put its position as the beauty and personal care market leader at risk.
UK indie brand Faace is on a mission to address real consumer need states through simple, targeted products, and the company is eyeing continued expansion this year, its founder says.
Malaysian skin care brand Natugee has drawn up an “aggressive” plan to expand in 2022 after spending the last two years of the pandemic on the back foot.