L’Occitane International saw China emerge as its top driver for sales in FY2022, charting a net sales growth of EUR327.9m (U$347.3m), alongside other significant APAC markets Japan and Hong Kong.
Australian healthcare company EZZ Life Science Holdings has entered the beauty and personal care space with a new hair care range which it hopes can help double its business in the next couple of years.
Japanese cosmetics company Kosé Corporation is pushing ahead with the expansion of its ‘high-prestige’ brand Decorté in China despite tough market conditions.
Chinese cosmetics company Yatsen Holdings is moving to help flagship make-up brand Perfect Diary recover from its recent decline amid the sluggishness of the colour cosmetics market in China.
From pop-ups to new launches, and digital immersion to sustainability, we reveal how major brands and duty-free retail giants are expecting an imminent travel retail beauty boom as travellers once again take to the skies.
L’Oréal Group CEO Nicolas Hieronimus is aiming to grow the firm’s business in the booming Indian beauty market on the back of the acceleration of e-commerce in the country.
The CEO of the Estée Lauder Companies has underlined his strong conviction in China’s beauty market despite a recent dip in performance and fears related to an economic recession.
The beauty category is set to be one of the major growth drivers of Asia Pacific’s travel retail industry as people once again undertake cross-border trips.
Chinese cosmetics company Florasis is assessing opportunities in the US, Japan and South East Asia as it embarks on its mission to become a global beauty brand.
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.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.
Yatsen Holdings CEO believes the rapid growth of the colour cosmetics category in China is over and predicts the market will see slower yet more sustainable growth rates in the future.
China’s food and drug regulator has clarified that its newly introduced children’s cosmetics mark, the Little Golden Shield, is not meant to be an assurance of product quality and safety.
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.
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.
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.