Business & Financial

L’Oréal H1 sales and net profit soar – CEO claims ‘remarkable performance’

30-Jul-2021 By Kacey Culliney

International beauty major L’Oréal has reported a strong rise in sales and net profit for the first half (H1) of 2021, with e-commerce and North America performing particularly well during Q2.

POLA arrives in Hainan: Luxury skin care brand set to rapidly expand its duty-free footprint following launch

29-Jul-2021 By Amanda Lim

Pola Orbis Holdings is aiming to capitalise on the growing popularity of the POLA brand in China by launching up to five additional doors on Hainan Island this year.

Helping hand: Korea announces measures to increase logistic support for SMEs under export pressure

28-Jul-2021 By Amanda Lim

The Korea Trade-Investment Promotion Agency is expanding logistics support services and creating an emergency budget to help small and medium-sized enterprises that are under pressure.

Hot streak: LG H&H breaks financial records on the back of China’s unwavering appetite for luxury beauty

28-Jul-2021 By Amanda Lim

South Korean conglomerate LG Household & Healthcare has reported record-high sales and profits results driven by China’s demand for its luxury beauty products.

Pressing ahead: Struggling Sa Sa finds respite in e-commerce progress as it endures sales dive

26-Jul-2021 By Amanda Lim

Beauty retail group Sa Sa International’s pivot towards e-commerce appears to be paying off as it recorded a year-on-year sales increase of 108.8% during the April to June quarter.

Sephora CEO: Feelunique acquisition a ‘key step’ in Europe growth strategy

23-Jul-2021 By Kacey Culliney

Beauty retail major Sephora has confirmed its acquisition of prestige beauty e-commerce player Feelunique, with the deal expected to close between March and July next year.

Mark of approval: Facial mist firm Te Wai attains NZ government’s FernMark to further international ambitions

22-Jul-2021 By Amanda Lim

New Zealand brand Te Wai has received a government-endorsed trade accreditation, which it believes will aid its efforts to expand overseas by boosting distributor confidence.

Financial focus: L’Occitane, Unilever and more feature in our latest beauty business and finance update

20-Jul-2021 By Amanda Lim

In this round-up of financial results, M&As and funding drives in the cosmetics industry, we highlight L’Occitane’s full-year results, Unilever’s acquisition of Paula’s Choice and more.

Star product: How cleansing sheets have driven Men’s Bioré’s consecutive sales growth for a decade

15-Jul-2021 By Amanda Lim

Kao Corporation has revealed that cleansing sheets have been the star product for its Men’s Bioré range across the last decade, with sales soaring by 743%.

Digital transformation: Kao Corp pumps $136m into digital as it seeks to offset cosmetics sales slump

14-Jul-2021 By Amanda Lim

Kao is investing $136m on its digital transformation to enhance the competitiveness of its cosmetics division, which has experienced a sales slump during the pandemic.

Streaming for success: Men’s K-beauty brand Tieso betting on live commerce to help penetrate tough Singapore market

14-Jul-2021 By Amanda Lim

South Korean male beauty brand Tieso is turning to live commerce to help it make headway into the difficult Singapore market as the retail environment remains uncertain in the face of COVID-19.

Full speed ahead: Bespoke perfume house Maison 21G accelerates global expansion, targets China in 2022

08-Jul-2021 By Amanda Lim

Singapore-headquartered luxury fragrance house Maison 21G is rapidly expanding its international footprint in markets in Asia and the Middle East, and has its sights set on entering China in 2022.

POLA arrives in Hainan: Luxury skin care brand set to rapidly expand its duty-free footprint following launch

07-Jul-2021 By Amanda Lim

Pola Orbis Holdings is aiming to capitalise on the growing popularity of the POLA brand in China by launching up to five additional doors on Hainan Island this year.

Sephora-Zalando partnership ‘may inspire’ more beauty-fashion tie-ups

06-Jul-2021 By Lynda Searby

Sephora’s partnership with e-commerce fashion major Zalando will capitalise on the online momentum built up by the German player over the past 18 months and may inspire other cross-sector collaborations, but is there a risk it could compromise the beauty...

Stepping up: Juicy Chemistry secures strategic marketing partnership as it gears up to expand its global footprint

06-Jul-2021 By Amanda Lim

India’s Juicy Chemistry has secured a strategic investment that will help it to step up its marketing game as it sets sights on scaling its business globally.