A Singapore-based beauty tech start-up has been using the downtime from the novel coronavirus (COVID-19) pandemic to develop an AI-powered hair analysis tool which it believes will be in demand when the market recovers from the outbreak.
The ongoing coronavirus (COVID-19) pandemic has changed the face of beauty business as we know it, and a dig into the financials shows some majors and categories have weathered the storm better than others.
The announcement comes less than one month after a judge’s ruling opened the door to thousands of lawsuits against the multinational medical and CPG company; but Johnson & Johnson attributes the decision to a COVID-19 portfolio assessment.
A round-up on our top stories on China’s lucrative personal care market, featuring the L’Oréal’s rebound in China, Shiseido’s new investment in Oriental Beauty Valley, Azelis’ acquisition of CosBond and more.
L’Oréal has announced a multi-million environmental and social protection program that aims to support vulnerable women and ecosystem preservation – priority areas as the world reels from coronavirus (COVID-19), it says.
J-beauty behemoth Shiseido Company saw its first quarter net sales decrease by 15.8% while net profit and operating profit fell by 95.8% and 83% respectively as a result of the global novel coronavirus (COVID-19) pandemic.