Business & financial

Costa Rica agrees to drop tariffs on Korean cosmetics

Costa Rica agrees to drop tariffs on Korean cosmetics

By Simon Pitman

The governments of Costa Rica and South Korea have signed a trade agreement that triggers the Central American Free Trade Agreement between the two countries, dropping tariffs on Korean cosmetic imports.

Mary Kay signs onto UN Women’s Empowerment Principles

Mary Kay signs onto UN Women’s Empowerment Principles

By Deanna Utroske

This month, the social sales beauty company added its name to a growing roster of businesses and corporations participating in WEPs. And late last week, when Deborah Gibbins, the company’s chief operating officer, spoke at a United Nations forum focused...

Cosmetics sales boost LG H&H figures despite China volatility

Cosmetics sales boost LG H&H figures despite China volatility

By Amanda Lim

South Korea’s LG Household & Health Care has delivered its best quarterly performance with help from its cosmetics division which recorded strong double-digit growth, despite market volatility due to falling numbers of Chinese tourists.

Avon’s 2018: what did the beauty giant get up to?

Avon’s 2018: what did the beauty giant get up to?

By Lucy Whitehouse

From its appointment of a new CEO at the start of the year, through to its strides to push forward its business in APAC while cutting back in the US, Avon had a busy year with its efforts to boost its market share.

Avon Products sells its manufacturing business in China to TheFaceShop

Avon Products sells its manufacturing business in China to TheFaceShop

By Deanna Utroske

This week the global beauty company announced having reached an agreement with TheFaceShop, a subsidiary of LG Household & Health Care Ltd, to sell is China-based manufacturing operation. And while Avon will profit financially from the sale, initially...