Business & Financial

Price hikes to come: P&G Q1 ‘22 net sales rise but ‘challenging’ costs hit profits

20-Oct-2021 By Kacey Culliney

Personal care giant Procter & Gamble (P&G) has reported a net sales rise for the first quarter (Q1) of fiscal 2022, though profits suffered due to a challenging cost environment – an ongoing issue it plans to overcome with price hikes.

Inside out beauty: NZ’s Me Today prepares to launch into 22 Biople stores in Japan following Ireland expansion

19-Oct-2021 By Guan Yu Lim

New Zealand supplements and skin care brand Me Today is preparing to launch into 22 Biople stores in Japan next month, following the recent expansion into Irish pharmacies.

Financial focus: POLA, O’right and more feature in our latest beauty business and finance update

13-Oct-2021 By Amanda Lim

In this round-up of financial results, M&As and funding drives in the cosmetics industry, we highlight the POLA’s success in China, O’right Japan expansion and more.

Biotech startup Sequential Skin raises €1.4m – ‘We want to accelerate the future of skin health,’ says CEO

11-Oct-2021 By Kacey Culliney

UK-Singapore headquartered biotech startup Sequential Skin has secured more funding in its latest seed round that it plans to use for global expansion of its at-home skin diagnostics patch, in both a B2B and D2C capacity, its CEO says.

Shopping spree: India’s Good Glamm Group earmarks U$100m to acquire four to six more beauty brands

07-Oct-2021 By Amanda Lim

India’s newly-formed digital cosmetics outfit Good Glamm Group is planning to acquire four to six more digitally-led beauty brands after receiving an infusion of funding.

‘Emerging powerhouse’: Gen Z and millennial insights key to Amorepacific taking 38.4% stake in COSRX

06-Oct-2021 By Amanda Lim

Knowledge of the Gen Z and millennial consumer combined with a burgeoning global reputation are two of the reasons Korean major Amorepacific has taken a 38.4% stake in cult K-beauty brand COSRX, as it looks to expand its own footprint overseas.

Strengthening the core: Shiseido CEO on why skin care set to become ‘even bigger’ post-pandemic

05-Oct-2021 By Amanda Lim

Japanese beauty major Shiseido is throwing its full weight behind skin care with its CEO believing there are “emerging segments” that it can capitalise on in the next few years.

‘Our targets are clear’: Indian beauty brand Earth Rhythm confident that it can surpass $13m revenue goal

29-Sep-2021 By Amanda Lim

India-based beauty and personal care brand Earth Rhythm is on track to surpass $13m in revenue and is gearing up for its series A fundraiser by the end of this year.

Natura &Co sustainability chief: WaterBear will help communicate the ‘seriousness’ of the climate crisis

28-Sep-2021 By Kacey Culliney

Natura &Co says its partnership with Dutch eco video streaming platform WaterBear will help emphasise the seriousness of the climate crisis and shift perceptions around traditional communities to spotlight them as biodiversity guardians.

‘No more unsuitable tools’: MANSCAPED seeking wider Asia expansion for men’s ‘below the belt’ products

28-Sep-2021 By Amanda Lim

MANSCAPED is aiming to tap into what it claims is underserved needs of the men’s personal grooming market in Asia but says it will first take time to understand the nuances of the different markets from its Singaporean foothold.

P&G targets net zero by 2040: ‘The task ahead of us is urgent’, says CEO

23-Sep-2021 By Kacey Culliney

International personal care major Procter & Gamble (P&G) has published a climate transition plan outlining its ambition to be net zero on greenhouse gas (GHG) emissions by 2040 and signed up to Amazon co-founded The Climate Pledge.

China expansion: SENSAI leads with e-commerce strategy to accelerate growth of brand awareness

23-Sep-2021 By Amanda Lim

Luxury skin care brand SENSAI has launched a Tmall flagship store as part of its e-commerce-led strategy to accelerate the brand’s presence in the competitive Chinese market.

Duty-free haven: Can beauty expect long-term growth in Hainan when international travel resumes post-COVID?

23-Sep-2021 By Amanda Lim

China’s Hainan Island prospered as domestic travel boomed in wake of COVID-19, triggering staggering growth for luxury beauty brands on the island. But is Hainan’s remarkable growth here to stay when international travel takes flight again?

Global potential: POLA expecting overseas sales to surpass $270m by 2023 on the back of China demand

21-Sep-2021 By Amanda Lim

Japanese skincare brand POLA has been projected to achieve more than $270m in overseas sales in the next couple of years thanks to the strong demand from China’s luxury beauty market.

Hemp exports: India Hemp Organics opens up food and cosmetics trade with North America, Oceania and GCC

21-Sep-2021 By Guan Yu Lim

One of India’s pioneering hemp companies, India Hemp Organics (IHO), is gearing up to export its nutritional, medical and skin care products containing hemp and CBD products this year.