Chinese cosmetics company Yatsen Holdings expects revenue will take longer to bounce back despite improved market conditions in the domestic beauty market.
Australia’s Biologi debuted its range of bio cellulose sheet masks for targeted skin care concerns as it seeks to shift such products from ‘nice-to-have’ to ‘must-have’.
Japanese consumer goods company Kao Corporation has outlined its plans to drive profit growth in its beauty business in the next quarter, including a focus on prestige beauty and makeup.
In this round-up of the business and financial updates in the APAC cosmetics industry, we highlight the business and financial updates from Estée Lauder Companies, LG Household & Health Care, Hindustan Unilever, and more.
American beauty major Coty is optimistic about Lancaster’s future in China as the launch of its new flagship and its ultra-premium Ligne Princiere line takes off with aplomb.
Singapore start-up A Tapir’s Tale says there is a need for ‘more sophisticated formulations’ beyond organic products to address the underserved sensitive baby skin care market.
Japanese brand BRANCHIC says it is focused on meeting the “quick and intensive” skin care needs of mature consumers, while increasing its sales channels to beauty salons in the local market.
Indian cosmetics brand Botnal has seen a 30% growth within three months after listing on e-commerce platform Nykaa, which galvanised its plans to further tap into its domestic market and the rising probiotics skin care space.
Wella, the hair care brand best known for its professional-level products, is aiming to develop a younger consumer base to keep up with “changing times”.
K-beauty brand Missha is looking to extend its global footprint through affordable product pricing, market-specific launches, and the appointment of Hollywood star Elizabeth Olsen as its latest ambassador.
Italian brand Toiletpaper Beauty’s booming first foray into Asia has given its expansion plans a confidence boost, as it makes headway in broadening its product line-up to include fragrances and potentially colour cosmetics.
Estée Lauder’s chief has emphasised the importance of travel retail to its global beauty business despite the rebound lag in Asia that has forced it to lower its full-year sales forecast.
Shakeup Cosmetics has revealed its major expansion hopes after launching in 170 Boots brick-and-mortar stores with its hybrid skincare-colour cosmetics range.
Singapore-based skin care brand, Kyssva is set to expand its product range with a moisturiser and a serum in the third quarter (Q3) of this year after the success of its maiden launch.
Taiwan-based firm Jerôsse is aiming to grow the share of beauty sales to at least 30% this year on the back of new product developments and its expansion into Singapore and Malaysia.
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.
Hong Kong cosmetics retailer Sa Sa could leverage its pricing strategies to attract price-sensitive consumers in South East Asia, who are increasingly prudent about spending on cosmetics, says an analyst.
The premiumisation of its beauty and personal care portfolio will be key to driving growth of the business, says the CEO of Unilever’s India subsidiary.
A Japanese skin care brand specialising in developing products with nicotinamide mononucleotide (NMN) is gearing up to expand overseas for the first time, beginning with Singapore.
South Korean brand Aromatica is focusing its efforts on strengthening its brand presence in the US market, where it is aiming to expand into the physical retail market.
UK-based supplier Elementis is seeing opportunities in Asia skin care market as it turns towards the region to grow its presence and drive future 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.
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.
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.
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