Beiersdorf’s luxury brand La Prairie saw sales hampered in the first quarter (Q1) due to challenging market conditions in China caused by ongoing COVID-19 pain points.
Singapore solid beauty JOMO Studio says it is determined to change the ‘good product, bad design’ mindset when it comes to sustainable products in APAC.
K-beauty brand Dr. G is leveraging the international recognition of South Korea boy band SHINee to reinforce the brand’s presence overseas, starting with Japan and Vietnam.
L’Oréal’s CEO has expressed excitement over the prospect of acquiring Australian luxury brand Aesop, which he believes holds tremendous potential in Asia, and in particular, China.
Beauty retailer Sa Sa International says the return of Chinese travellers to Hong Kong and Macau heralds a “promising start” to the new financial year.
Soapbox recently released its latest collection of collagen-based bond-builder products online and in Walmart locations across the US, satisfying consumer demand for naturally formulated restorative hair care options.
A leading supplier of ashwagandha is eyeing untapped potential in the beauty and personal care market where it believes it can satiate demands for high-performing natural ingredients in both skin and hair care.
Japan-based KINS plans to make Singapore its global headquarters as it ventures regionally while building its R&D capabilities and skin data to develop products targeting Asian consumers.
K-beauty company Clio Cosmetics is priming itself for entry into the European, Middle Eastern and South American markets, following record-breaking sales on US e-commerce platforms.
As consumer demand for sustainable cosmetics and personal care products continues to soar, L’Oreal’s investment into US-based biotech company Genomatica further demonstrates the crucial industry commitment to renewable resource development and formulation.
Indian beauty brand Saba Personal Care is hoping that its combination of halal and vegan products will broaden its appeal beyond Muslim consumers and steal a march on the MNCs that are yet to truly exploit such categories.
NUME-Lab is seeing a market gap for skin care combining Swiss quality and halal certification, and has detailed expansion plans for Singapore, Malaysia, and Hong Kong.
French beauty major L’Oréal has signed a deal to acquire Natura &Co-owned Australian luxury skin care brand Aesop in a deal set to propel global growth for the cult, clean aesthetic brand.
US skin care brand Dr Dennis Gross is gearing up to expand its presence in China’s enormous skin care market with the launch of six more products this year.
American beauty device firm PMD Beauty will focus on building a strong brand foundation in Asia after it failed to build long-term success by focusing on sales.
Singapore indie brand Slow Rituals has detailed plans to expand its self-care product range into hair care, and is targeting local partnerships for more sustainable sourcing, packaging, and distribution.
Indonesia’s Mad for Makeup has detailed how it is in benefiting from its 1,000 plus members’ social club for to aid new product development for its acne-friendly cosmetics, and to deliver additional marketing clout.
India’s Juicy Cosmetics says its organic colour cosmetics range is contributing to 30% of its revenue, just four months after its launch, with the firm revealing plans to debut more ‘technology-driven products’ and boost offline touchpoints to bolster...
US-based hair care brand Fekkai is set to accelerate its expansion in Asia this year to tap into the growing demand for high-performance clean hair care products.
China’s health and beauty sales decline hampered the overall retail growth of A.S. Watson Group (ASW), but the firm insists EBITDA of other regions have ‘fully compensated’ for China’s decline.
In this round-up of the business and financial updates in the APAC cosmetics industry, we highlight business developments from Coty, Kosé, Perfect Diary and more.
We reveal what it takes to achieve success in China’s cutthroat e-commerce space - from building a solid foundation to maintaining longevity - with exclusive insights from brands that have thrived in it, including Atelier Rebul, Evenswiss and G&M...
Australian clinic Skin Club has made its first foray into the preventative skin sector with products designed to be an adjunct to Botox treatments, and has outlined plans for partnerships with universities to expand its product range.
K-beauty retailer Olive Young is making inroads into the Middle East region with its in-house colour cosmetics brand and plans to launch more of its own brands this year.
Singapore-based TUFT International is set to make its biggest export move yet with the launch of its professional-grade hair styling tools and devices in Australia this March.
Pola Orbis Group will discontinue Amplitude and ITRIM this year as part of plans to enhance its brand portfolio and improve the firm’s overall profitability.
L’Oréal’s chief is eyeing increased penetration in China’s tier-three and four cities, which he believes can help the French beauty major double its customer base and drive more growth in this lucrative market.
Shinsegae International has observed that economic fears are not deterring consumers from purchasing luxury niche fragrances, believing they have replaced lipstick as the new recession-proof commodity.
Japanese cosmetics firm Kosé is aiming to increase sales in China by 10%, believing consumer consumption will bounce back with the lift of COVID-19 restrictions.
In a landscape of fluctuating consumer trust amidst, blockchain technology provides beauty a means to offer full transparency around sustainable product claims, says the MD of Provenance.
Beauty major Coty is aiming to grow its skin care business in China on the back of premiumisation and ‘healthification’ trends it has observed in the market.
In this round-up of the business and financial updates in the APAC cosmetics industry, we highlight developments from L’Occitane, Hourglass, HUL and more.
Indian beauty retailer Nykaa is set to unveil 50 more physical stores this year to strengthen its brick-and-mortar network and secure long-term growth opportunities in the burgeoning domestic market.
The skinification of hair care marks a new dawn for the sector and heightened expectations from savvy Asian consumers will push innovation forward, according to exclusive insights from Kosé, Nuggela & Sulé, Verdure, and many more hair care players.
An Australian fragrance start-up offering designer-inspired fragrance oils believes its business can scale and succeed in overseas markets in Asia, Europe, and North America.
Japanese beauty major Shiseido will start to prioritise strategic investments in three key areas – brands, innovation and people – to drive revenue growth, according to its CEO.
South Korean beauty retailer Olive Young has reported that 19 small and medium-sized beauty brands exceeded KRW10bn (USD7.9m) in annual sales for the first time in 2022.
L’Oréal chief says India’s booming beauty market could potentially be its next billion-dollar market as middle-class population doubles in next five to 10 years.
Boston-based private equity firm Yellow Wood Partners has acquired the North American operations of Unilever-owned personal care brand Suave as the European consumer goods major continues to divest parts of its beauty portfolio.
Estée Lauder Companies president and CEO Fabrizio Freda has pegged skin care, fragrance, and luxury hair care as key drivers of growth in China as it moves away from last year’s COVID-19 troubles.
Unilever subsidiary Hindustan Unilever (HUL) says that its beauty and personal care business has grown thanks to new product launches, which helped to mitigate the slump of its winter skin care line-up.
Consumer goods major Unilever has reported a net profit surge for the full year of 2022, led by strong growth in its recently carved out beauty and wellbeing division and good business in the Americas.
Sa Sa’s CEO says the easing of social distancing measures in Hong Kong has improved consumer sentiment and consequently improved sales despite now having fewer storefronts.
South Korean major LG Household & Health Care (LG H&H) has attributed the 27.7% sales decline of its beauty business mainly to the disruptions brought about by Beijing’s zero-COIVD policy.
Hong Kong-listed L’Occitane International’s flagship brand recorded a sales dip of 0.9% in the nine months ending December 2022 due to challenges related to COVID-19 in China and Japan.