Business & Financial

L’Occitane Q4 results: China now firm’s largest market after sales surge by 60%

05-May-2021 By Amanda Lim

Staggering fourth-quarter growth of 60% has propelled China to become L’Occitane International’s largest market in FY2021.

Online opportunity: Kao aiming to strengthen ‘super prestige brand’ SENSAI in key markets

04-May-2021 By Amanda Lim

Kao Corporation is working to reinforce the online presence of its high-end beauty brand SENSAI in key markets such as Japan, China and Europe, in order to strengthen its position in the prestige skin care market.

End of an affair: Shiseido partially terminates global license with D&G to focus on 2023 targets

30-Apr-2021 By Amanda Lim

Japanese beauty major Shiseido has announced that it will partially terminate the exclusive global license with Dolce & Gabbana regarding the product development, manufacturing, distribution and marketing of its beauty products.

WATCH ON DEMAND NOW – EXCLUSIVE COSMETICSDESIGN CIRCULAR BEAUTY WEBINAR

'Collaboration’ and ‘openness’ will be key to future-proofing industry, says Beauty Kitchen founder

29-Apr-2021 By Kacey Culliney

Working in a collaborative and open way will be pivotal in industry’s push to mainstream circular beauty and future-proof business for years to come, says the founder of UK indie brand Beauty Kitchen.

L’Oréal Paris to halve CO2 emissions by 2030: ‘We are in the decade to make the change,’ says global head

28-Apr-2021 By Kacey Culliney

L’Oréal Paris has unveiled its environmental goals for the next decade, pledging to reduce carbon emissions by 50% and lightweight or sustainably convert its entire packaging portfolio by 2030.

Shade picker: Watsons to launch virtual foundation try-on to solve major consumer ‘pain point’

28-Apr-2021 By Amanda Lim

Health and beauty retailer Watsons will be launching a virtual foundation try-on tool in the second quarter this year beginning with Malaysia and Hong Kong to solve what it believes is a huge consumer ‘pain point’.

Regal deal: Royal partnership brings Singapore’s Liht Organics closer towards goal of becoming a billion-dollar brand

28-Apr-2021 By Amanda Lim

Singapore-based Liht Organics has struck a royal partnership that it believes will help accelerate plans to reach its goal of becoming a billion-dollar brand in five years.

Travel boom: L’Oréal banking on APAC travel retail opportunities to drive ‘big growth’ for the group

27-Apr-2021 By Amanda Lim

French cosmetics giant L’Oréal sees a bright future for its brands in the Asia Pacific travel retail market, which it believes will become a major driver of its future growth, spurred on by demand from China.

That’s dope: Aussie-based hemp beauty brand set to expand into the US by second-half of 2021

26-Apr-2021 By Amanda Lim

Australian hemp beauty brand Dope Skin Co is gearing up for its first major international expansion into the US market, where it believes it can thrive on the back of the strong awareness of hemp-based products.

P&G beauty sales surge on 'superiority' push as Q3 2021 sales continue to rise

21-Apr-2021 By Kacey Culliney

Personal care giant Procter & Gamble (P&G) has reported a net sales rise for its third quarter (Q3) of fiscal 2021, with beauty leading the charge in growth terms.

COVID 'comparisons': J&J Q1 2021 consumer health sales dip amidst overall earnings rise

21-Apr-2021 By Kacey Culliney

Personal care major Johnson & Johnson (J&J) has reported a global sales rise for the first quarter of 2021, fuelled by pharmaceuticals and medical devices, but its consumer health division saw overall sales decline despite strength in oral and...

The new ‘normal’: How Lifebuoy and Lux are embracing Unilever’s Positive Beauty vision

20-Apr-2021 By Guan Yu Lim

Unilever, which owns brands such as Lifebuoy, Lux, Dove, Vaseline and Sunsilk have committed to eliminate the word ‘normal’ from its packaging and advertising, as well as drive campaigns for gender inclusivity in line with its Positive Beauty vision.

‘Clearly bouncing back’: L’Oréal Q1 2021 global sales surge despite Western Europe declines

19-Apr-2021 By Kacey Culliney

International beauty major L’Oréal has reported a surge in global sales for the first quarter of 2021, though activity in Western Europe remains in decline because of the ongoing impact of the COVID-19 crisis, its CEO says.

Tourist trap: Shiseido aims to restore growth in Japan without overreliance on travellers

14-Apr-2021 By Amanda Lim

Japanese beauty MNC Shiseido says it is aiming to reduce its reliance on inbound tourists in Japan as it works on restoring growth in its home market by reinforcing its relationship with local consumers and business partners.

Full-scale expansion: Why Kao is pinning its hopes on travel retail in China despite global tourism woes

13-Apr-2021 By Amanda Lim

Kao has unveiled plans for a full-scale entry into China’s travel retail space – at both airports and downtown stores – on the back of booming offshore duty-free sales in the past year thanks to government efforts to boost domestic tourism.