Business & Financial

Year of growth: Basic Theory looks towards business expansion after COVID-19 drives sales up by over 30% in 2020

13-Jan-2021 By Amanda Lim

Singapore natural and organic beauty brand Basic Theory is looking to launch a raft of new products and expand into new Asian markets to maintain 2020’s momentum where it saw a 30% surge in sales.

Hitting the sweet spot: SUGAR Cosmetics on track to double revenue this year despite COVID-19

06-Jan-2021 By Guan Yu Lim

India based SUGAR Cosmetics is on track to double its revenue for FY2020 to 2021 to more than US$27m, despite the challenges posed by the COVID-19 pandemic.

Puig eyes €3bn in sales for 2023 after carving out Derma division

04-Jan-2021 By Kacey Culliney

Spanish luxury beauty and perfume major Puig has carved its business into three divisions, creating a new Derma unit as part of plans to re-spark growth following a tough 2020 disrupted by COVID-19.

Expert approach: A DrBrand exploring North America and Europe markets with doctor-led skin care range

04-Jan-2021 By Guan Yu Lim

Singapore skin care firm A DrBrand is looking to enter North America in 2021, and hoping to expand its presence in Europe, with its doctor-led products.

Lunata Beauty closes $3 million Series A funding round

24-Dec-2020 By Deanna Utroske

The cordless-hair-tool startup, founded by Stacey Boguslavskaya and Monica Abramov in 2017, plans to use the capital to develop new tech, expand internationally, and double the size of the Lunata team.

What a year! Thanks for supporting CosmeticsDesign-Asia and check-out our 2020 top stories

24-Dec-2020 By Gary Scattergood

As 2020 comes to an end, we wanted to say a very big thank you for supporting CosmeticsDesign-Asia this year. And what a year it has been!

Personalised shopping: POND’S sees more interest for skin care offerings after launching AI chatbot on Shopee

23-Dec-2020 By Guan Yu Lim

Unilever skin care brand POND’S says interest in its products on South East Asian e-commerce platform Shopee soared, after launching its Skin Advisor Live (SAL) AI chatbot.

Beauty can thrive post-Brexit given ‘huge appetite’ for digital, says e-commerce exec

21-Dec-2020 By Kacey Culliney

UK and EU beauty brands and retailers will certainly face new challenges in a post-Brexit world, but there remain plenty of opportunities to flourish with the right strategy and focus, particularly online, says an executive at e-commerce specialist Global-e.

L’Oréal invests in social-selling software to increase ecomm revenue above 25%

16-Dec-2020 By Deanna Utroske

This month, the multinational beauty maker’s venture capital fund announced a minority investment in Replika Software, a tool that lets brands create a ‘retail partnership’ with any individual active on social or streaming platforms.

Reborn Kao: Japanese cosmetics giant unveils mid-term plan for 2025 with sustainability focus

15-Dec-2020 By Guan Yu Lim

Japan’s Kao Corporation has unveiled its mid-term plan 2025 (K25) for 2021 to 2025, with a focus on sustainability and announced its plans to launch “Another Kao” and “Reborn Kao”.

UNEP Emissions Gap Report 2020: ‘Green pandemic recovery’ needed to curb 3°C global temperature rise

09-Dec-2020 By Kacey Culliney

Urgent action is needed to lower a global temperature rise in excess of 3°C by the end of this century, and United Nation leaders say COVID-19 recovery packages could offer a beacon of hope.

From NZ to the world: Kiwi brand taps into interest in native botanicals to grow international awareness

09-Dec-2020 By Guan Yu Lim

A New Zealand-based brand is eyeing opportunities to expand its business internationally by tapping into the growing interest in the country’s untapped wealth of native botanicals.

L’Oréal, Kao Corporation and flurry of beauty suppliers secure 'Triple A’ CDP rating in 2020

08-Dec-2020 By Kacey Culliney

International beauty major L’Oréal, Asia-Pacific personal care giant Kao Corporation and four industry suppliers have been awarded a triple ‘A’ status for sustainable efforts across climate change, forests and water security this year, securing six of...

‘We want to be everywhere’: India’s Greyon targets brick-and-mortar expansion nationwide within six months

08-Dec-2020 By Amanda Lim

India-based Greyon Cosmetics is aiming to extend its domestic business into local brick-and-mortar stores, while simultaneously working to develop the business abroad through online channels, within the next six months.

Shifting strategies: Ange Gardien adapts make-up line to be more ‘practical and relevant’ during pandemic

01-Dec-2020 By Amanda Lim

Singapore-based beauty brand Ange Gardien has launched a colour cosmetic range adapted to the consumer needs and concerns brought about by the novel coronavirus (COVID-19) pandemic.