The South Korea consumer goods company LG Household & Health Care is aiming to strengthen its luxury beauty brands as well as boost its overseas business as part of plans to drive growth.
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.
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.
Peptides are set to be the fastest growing active over the next five years driven by the explosion of supply and demand in China’s local beauty industry.
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.
The quantity of common preservatives used in cosmetics should not be determined solely based on toxicity levels, but also the inhibitory effect they may have on microorganisms that are beneficial to skin health, say researchers.
Donkey milk has cosmetic potential for its ability to inhibit melanin synthesis, as well as skin barrier damage caused by UVB exposure, says a new study.
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.
Chinese consumers are on the lookout for novel cosmetic ingredients, while also keeping a closer eye on safety and ethics as the country emerges from the shadows of the pandemic.
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...
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.
Companies that sold CBD-based cosmetics in Hong Kong are caught in a “revamp or shut down” dilemma following a ban issued by the authorities in February, in spite of growing awareness and consumer demand.
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.
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.
The biggest skin concerns amongst both male and female consumers last year were wrinkles, fine lines and eye bags, according to data from Finnish tech firm Revieve.
Neo-traditions and mindfulness are trends that will lead beauty brand collaborations, according to the head of an art and design agency specialising in such creative marketing projects.
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.
A group of 35 beauty manufacturers, suppliers, industry associations and animal welfare groups have established a global collective to advance animal-free safety assessments in cosmetics worldwide.
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.
K-beauty giant Amorepacific records revenue growth of 83% and 37% in North America and Europe respectively in 2022 as China and South Korea markets report declines.
![LG H&H outlines plans to drive growth. [Su:m 37]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/lg-h-h-aims-to-reinforce-luxury-beauty-unit-to-drive-future-growth/16395443-1-eng-GB/LG-H-H-aims-to-reinforce-luxury-beauty-unit-to-drive-future-growth.jpg)
![Nivea’s premiumisation efforts has helped to increase the average selling prices of its face and body care portfolio. [Nivea]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/brand-innovation/nivea-s-premiumisation-strategy-in-china-yielding-success-in-face-and-body-categories/16372901-1-eng-GB/Nivea-s-premiumisation-strategy-in-China-yielding-success-in-face-and-body-categories.jpg)
![[Aesop]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/brand-innovation/updates-from-l-oreal-sk-ii-la-prairie-and-more-top-beauty-brands/16389995-1-eng-GB/Updates-from-L-Oreal-SK-II-La-Prairie-and-more-top-beauty-brands.jpg)
![The lack of Chinese shoppers in travel retail has hit the growth of luxury skin care brand SK-II. [SK-II]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/article/2023/05/03/sk-ii-performance-hampered-by-sluggishness-in-travel-retail-p-g/16366262-4-eng-GB/SK-II-performance-hampered-by-sluggishness-in-travel-retail-P-G.jpg)
![La Prairie sales hampered in the first quarter (Q1) due to challenging market conditions in China. [La Prairie]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/la-prairie-sales-slump-by-12-with-china-s-zero-covid-policies-beiersdorf/16372847-1-eng-GB/La-Prairie-sales-slump-by-12-with-China-s-zero-COVID-policies-Beiersdorf.jpg)
![L'Oréal says Aēsop holds tremendous potential in Asia. [Aēsop]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/l-oreal-on-aesop-beauty-giant-eyes-huge-prospective-growth-for-brand-in-asia-led-by-china/16358795-1-eng-GB/L-Oreal-on-Aesop-Beauty-giant-eyes-huge-prospective-growth-for-brand-in-Asia-led-by-China.jpg)
![[Getty Images]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/china/node_4136843/16368782-1-eng-GB/_1.jpg)
![[Getty Images]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/china/node_4136837/16368728-1-eng-GB/_1.jpg)
![[Fekkai]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/china/node_4136831/16368674-1-eng-GB/_1.jpg)
![[Watsons]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/china/node_4136825/16368620-1-eng-GB/_1.jpg)
![[Getty Images]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/china/node_4136819/16368566-1-eng-GB/_1.jpg)
![The most recent developments in the exciting Chinese beauty market. [Getty Images]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/market-trends/china-focus-latest-developments-in-china-s-booming-beauty-market9/16341907-1-eng-GB/China-focus-Latest-developments-in-China-s-booming-beauty-market.jpg)
![Peptides are set to be the fastest growing active over the next five years driven by the explosion of supply and demand in China’s local beauty industry. [Getty Images]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/market-trends/peptides-set-to-be-fastest-growing-active-as-china-s-beauty-industry-sees-explosion-of-interest/16311454-1-eng-GB/Peptides-set-to-be-fastest-growing-active-as-China-s-beauty-industry-sees-explosion-of-interest.jpg)
![Sa Sa says the return of Chinese travellers to Hong Kong and Macau heralds a “promising start” to the new financial year. [Sa Sa]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/sa-sa-ready-to-put-covid-19-issues-behind-as-chinese-tourists-return/16357730-1-eng-GB/Sa-sa-ready-to-put-COVID-19-issues-behind-as-Chinese-tourists-return.png)
![Updates from Kosé, Kao, Watsons and more top beauty brands. [Watsons]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/market-trends/brand-story-updates-from-kose-kao-watsons-and-more-top-beauty-brands/16341853-1-eng-GB/Brand-story-Updates-from-Kose-Kao-Watsons-and-more-top-beauty-brands.jpg)
![Study suggests that cosmetics companies should consider re-evaluating use of preservatives to protect skin microbiota balance. [Getty Images]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/formulation-science/cosmetics-companies-should-re-evaluate-use-of-preservatives-to-protect-skin-microbiota-balance/16319809-1-eng-GB/Cosmetics-companies-should-re-evaluate-use-of-preservatives-to-protect-skin-microbiota-balance.jpg)
![Donkey milk has cosmetic potential for its ability to inhibit melanin synthesis. [Getty Images]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/formulation-science/donkey-milk-shows-promise-as-anti-pigmentation-skin-care-ingredient-china-study/16329430-1-eng-GB/Donkey-milk-shows-promise-as-anti-pigmentation-skin-care-ingredient-China-study.jpg)
![Aēsop is today present in 29 markets, has 395 stores and increased its gross sales between 2012 and 2022 by €465m (US$509m) [Image: Aesop Facebook]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-europe.com/article/2023/04/04/l-oreal-to-acquire-natura-co-owned-aesop-for-us-2.5bn-and-grow-brand-globally/16305295-1-eng-GB/L-Oreal-to-acquire-Natura-Co-owned-Aesop-for-US-2.5bn-and-grow-brand-globally.jpg)
![Dr Dennis Gross is gearing up to expand its presence in China. [Dr Dennis Gross]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/dr-dennis-gross-set-to-increase-presence-in-important-china-market/16250281-1-eng-GB/Dr-Dennis-Gross-set-to-increase-presence-in-important-China-market.jpg)
![PMD Beauty will focus on building a strong brand foundation in Asia. [PMD Beauty]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/pmd-beauty-rejigs-asia-strategy-to-focus-on-brand-building-for-long-term-success/16216171-1-eng-GB/PMD-Beauty-rejigs-Asia-strategy-to-focus-on-brand-building-for-long-term-success.jpg)
![Fekkai set to accelerate its expansion in Asia this year. [Fekkai]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/fekkai-gears-up-to-meet-demand-for-clean-hair-care-in-asia/16250380-1-eng-GB/Fekkai-gears-up-to-meet-demand-for-clean-hair-care-in-Asia.jpg)
![[Maison Margiela]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/china/node_4113199/16293505-1-eng-GB/_1.jpg)
![[Getty Images]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/china/hourglass-hul/16293451-1-eng-GB/Hourglass-HUL.jpg)
![[Getty Images]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/china/node_4113187/16293397-1-eng-GB/_1.jpg)
![[Hourglass]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/china/node_4113178/16293343-1-eng-GB/_1.jpg)
![[Getty Images]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/china/node_4113175/16293289-1-eng-GB/_1.jpg)
![[Getty Images]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/china/china-focus-latest-developments-in-china-s-booming-beauty-market10/16246273-1-eng-GB/China-focus-Latest-developments-in-China-s-booming-beauty-market.jpg)
![China’s health and beauty sales decline hampered the overall retail growth of ASW. [Watsons]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/a.s.-watson-china-health-and-beauty-sales-decline-hampers-overall-retail-performance/16278607-1-eng-GB/A.S.-Watson-China-health-and-beauty-sales-decline-hampers-overall-retail-performance.jpg)
![Business developments from Coty, Kosé, Perfect Diary and more. [Lancaster]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/financial-focus-coty-kose-perfect-diary-and-more-in-our-beauty-business-update/16257778-1-eng-GB/Financial-focus-Coty-Kose-Perfect-Diary-and-more-in-our-beauty-business-update.jpg)
![Yatsen Holdings is banking on the recovery of makeup in China to steer flagship brand Perfect Dairy back to growth. [Perfect Diary]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/perfect-diary-bets-on-china-s-makeup-rebound-to-turn-around-recent-slump/16246219-1-eng-GB/Perfect-Diary-bets-on-China-s-makeup-rebound-to-turn-around-recent-slump.jpg)
![Coty is counting on China’s prestige fragrance boom to drive ambition to drive China growth. [Chloe Fragrances]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/coty-aims-to-double-china-sales-to-over-600m-on-the-back-of-prestige-fragrance-potential/16228009-1-eng-GB/Coty-aims-to-double-China-sales-to-over-600m-on-the-back-of-prestige-fragrance-potential.jpg)
![L’Oréal’s chief is eyeing increased penetration in China’s tier-three and four cities. [Lancôme]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/l-oreal-targets-china-s-lower-tier-cities-to-drive-future-growth/16170236-1-eng-GB/L-Oreal-targets-China-s-lower-tier-cities-to-drive-future-growth.jpg)
![Pola is targeting to grow revenue in China by about 50%. [Pola]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/formulation-science/pola-aims-to-increase-china-revenue-by-50-on-the-back-of-offline-expansion/16216279-1-eng-GB/Pola-aims-to-increase-China-revenue-by-50-on-the-back-of-offline-expansion.jpg)
![Kosé is aiming to increase sales in China by 10% on the back of reopening. [Kosé]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/kose-china-targets-10-sales-increase-on-the-back-of-revenge-consumption/16188770-1-eng-GB/Kose-China-targets-10-sales-increase-on-the-back-of-revenge-consumption.jpg)
![Coty is aiming to grow its skin care business in China on the back of premiumisation and ‘healthification’ trends. [Lancaster]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/coty-aims-to-ride-premiumisation-and-healthification-trends-to-grow-china-skin-care-business/16162244-1-eng-GB/Coty-aims-to-ride-premiumisation-and-healthification-trends-to-grow-China-skin-care-business.jpg)
![[Getty Images]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/china/node_4082980/16192597-1-eng-GB/_1.jpg)
![[Getty Images]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/china/node_4082974/16192543-1-eng-GB/_1.jpg)
![[Getty Images]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/china/node_4082968/16192489-1-eng-GB/_1.jpg)
![[Getty Images]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/china/node_4082962/16192435-1-eng-GB/_1.jpg)
![[Sulwhasoo]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/article/2023/02/23/node_4082959/16192381-1-eng-GB/_1.jpg)
![The most recent developments in the exciting Chinese beauty market. [Getty Images]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/china/china-focus-latest-developments-in-china-s-booming-beauty-market9/16192327-1-eng-GB/China-focus-Latest-developments-in-China-s-booming-beauty-market.jpg)
![Men and women globally share these top skin care concerns, likely because skin appearance reflects overall health and wellbeing [Getty Images]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-europe.com/article/2023/02/22/revieve-report-shows-wrinkles-fine-lines-and-eye-bags-biggest-skin-care-concerns-in-2022-globally/16190224-1-eng-GB/Revieve-report-shows-wrinkles-fine-lines-and-eye-bags-biggest-skin-care-concerns-in-2022-globally.jpg)
![Neo-traditions and mindfulness are trends that will lead beauty brand collaborations. [Maison Margiela Fragrances]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/packaging-design/beauty-brand-collabs-neo-traditions-mindfulness-trends-will-influence-future-beauty-collabs/16155464-1-eng-GB/Beauty-brand-collabs-Neo-traditions-mindfulness-trends-will-influence-future-beauty-collabs.jpg)
![Estée Lauder CEO says skin care, fragrance, and luxury hair care as key drivers of growth in China. [Estée Lauder]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/estee-lauder-china-skin-fragrance-luxury-hair-categories-set-to-lead-growth-in-reopening/16155770-1-eng-GB/Estee-Lauder-China-Skin-fragrance-luxury-hair-categories-set-to-lead-growth-in-reopening.jpg)
![The International Collaboration on Cosmetics Safety (ICCS) aims to advance the adoption of animal-free safety assessments for cosmetics and personal care products and ingredients worldwide [Getty Images]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-europe.com/article/2023/02/08/animal-free-cosmetics-safety-testing-global-collective-international-collaboration-on-cosmetics-safety-iccs-launches/16154090-1-eng-GB/Animal-free-cosmetics-safety-testing-global-collective-International-Collaboration-on-Cosmetics-Safety-ICCS-launches.jpg)
![LG H&H sales suffer under Beijing’s zero-COIVD policy. [Su:m37]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/lg-h-h-weighed-down-by-china-s-zero-covid-policy/16140944-1-eng-GB/LG-H-H-weighed-down-by-China-s-zero-COVID-policy.jpg)
![Amorepacific records stellar revenue growth in North America and Europe as China and South Korea markets report declines. [Amorepacific]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/amorepacific-2022-revenues-soar-in-n.-america-and-europe-as-asia-slumps/16140746-1-eng-GB/Amorepacific-2022-revenues-soar-in-N.-America-and-Europe-as-Asia-slumps.jpg)