Full steam ahead for Shiseido's 'Vision 2020' plan in Indonesia

By Michelle Yeomans contact

- Last updated on GMT

Full steam ahead for Shiseido's 'Vision 2020' plan in Indonesia

Related tags: Asean, Names of large numbers

Japanese cosmetics giant Shiseido has partnered up with the Aura Beaute Group in Indonesia to strengthen its 'professional business in Asia'.

As part of its 'Vision 2020' strategy announced in December 2014, Shiseido has restructured its brand businesses into prestige cosmetics, personal care and 'professional', with the aim of developing strong brands and implementing appropriate marketing plans.

The strategy involves the company pursuing sales growth and cost optimization across various areas of its business.

Existing individual brands will be re-positioned under the new structure.

Indonesia is ideal for expanding 'professional business'

Indonesia has a large population that currently stands at 250 million, ranking it at the top among the ASEAN nations and fourth in the world.

The population is expected to expand in the coming years, along with a growing wealthy class, which will provide a promising market for the professional business.

According to Shiseido, this venture represents an important step for the business to capture this growth opportunity through new operations scheme.

"We will step up our efforts to enhance the brand’s prestigious image in the region through forging strong partnerships together with top beauty salons."

'Vision 2020' is driving 

After curbing its' R&D spending in the aftermath of the 2008 global financial crisis, Shiseido has re-invested in the area again with hopes to boost group sales above the 1 trillion yen mark by 2020.

The 30 billion yen R&D facility in Yokohama, scheduled to open in 2018 will act as an open lab for dermatological research expected to lead to new skin care and colour cosmetics products for Southeast Asia, the U.S. and Europe.

"In terms of world markets, given that Japanese quality serves as a strong competitive advantage, we will continue to set the basis for basic and generic research in Japan, where Shiseido was born, to support future growth."

The company says it is important that its' researchers stay in touch by never falling unaware of the changes in the times or the city, directly feeling the dynamism of ordinary people and the changes in people's lifestyles.

Related topics: Business & Financial, South East Asia

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