International beauty major The Estée Lauder Companies and French luxury fashion house Balmain have entered into a license agreement to collaboratively develop and launch an inclusive prestige beauty line next year.
L’Oréal announced the acquisition of physician-dispensed brand Skinbetter Science, which will become part of the multinational’s Active Cosmetics Division.
Australian skin care brand Enbacci’s international expansion plans will focus on building offline channels that can deliver a luxury experience for consumers.
Rising demand for sustainable packaging and localisation are the two key drivers behind Toly’s decision to expand in Korea with a new manufacturing facility - it's third since the company entered the market in the mid-2000s.
Calcium carbonate producer Omya is aiming to expand its business into skin care and colour cosmetics and has identified Asia Pacific’s recovering make-up market as a key target.
Spanish luxury beauty and perfume major Puig has announced the acquisition of Kama Ayurveda – a move set to strengthen its Indian footprint and drive presence in the Western wellbeing market, an expert says.
Japanese retail and media conglomerate istyle Inc is aiming to boost the fortunes of Japanese beauty brands in China with a new @cosme duty-free store at the new Haikou International Duty Free City.
The relaunch of Orbis’ flagship U series has exceeded initial sales expectations and is expected to reach its first-year sales target of JPY2.5bn (USD17.6m), claims the firm.
In this round-up of financial results, M&As and funding drives in the cosmetics industry, we highlight the business updates from Estée Lauder, Kao, Shiseido and more.
Singapore-based nutraceuticals and personal care company Herbal Pharm is set to launch a new hair care range this year to tap into the demand for natural yet efficacious products for common concerns such as hair loss and greying hair.
Japanese cosmetics company Kosé Corporation intends to strengthen its line-up of make-up in the high-prestige beauty segment to capitalise on the post-pandemic make-up recovery.
Indian cosmetics e-commerce company Nykaa is making “baby steps” onto the international stage by pushing its portfolio of beauty brands into markets including Mauritius, United Arab Emirates, US.
The UK’s second-biggest health and beauty retailer Superdrug is defying the cost-of-living crisis and upping its game in premium beauty brands as it broadens its offer beyond its lower price point core.
Chinese cosmetics firm Yatsen is shifting investment focus from marketing to research and development in the second half of 2022 in order to drive future long-term growth.
Chinese cosmetics company Yatsen Holdings will close more underperforming Perfect Diary brick-and-mortar stores considering the worsening retail environment in China.
Chinese beauty consumers are zeroing in on the efficacy and functionality of luxury skin care products in the wake of repeated lockdowns and the threat of unemployment, says the CEO of Shiseido China.
Hainan Island’s reputation as the “go-to beauty destination” makes it the ideal place to introduce Takami, the newest “jewel” in L’Oréal’s high-end skin care portfolio, claims the firm.
Singaporean niche fragrance label Scent by SIX is set to make its debut at New York City retailer Showfields later this year as it looks to break into the US market.
South Korean sustainable packaging start-up Innerbottle is working to replace its current silicone inserts with a new thermoplastic elastomer (TPE) it has developed called TPX, which will make it easier to recycle.
The Estée Lauder Companies has put in place a six-month plan to recover the market share it has lost in China due to the COVID-19 pandemic disruptions that occurred in the first half of 2022.
Irish indie brand Spotlight Oral Care is continuing to expand across Europe and the US and wants to focus future new product development on bridging the oral health and beauty gap.
German personal care major Beiersdorf has plans to expand La Prairie’s offline presence in China with 10 more touchpoints as the brand rebounds strongly in the pandemic-plagued market.
The CEO of Japanese consumer goods company Kao Corporation has underlined the immediate need to revitalise its declining hair care business amid stiff competition in the mass market sector.
Indie brand Solidu wants to deepen its retail presence across Europe and the US, but also innovate further into solid face care – a space its founder says still holds plenty of promise.
Retailer A.S. Watson has cautioned that consumer sentiment in China will take time to fully recover, despite an uptick in footfall following a turbulent few months due to COVID-19 restrictions.
Upcycled seaweed could soon be available as an emulsifier in the Asian beauty and personal care market, with one firm keen to tap into clean beauty interest ‘as fast as possible’.
Japanese beauty major Shiseido is planning to invest JPY10bn (USD75.5m) in both brand equity and its employees as part of plans to go on the offensive and buck the declining trend of the market.
French beauty giant L’Oréal will not be stamping out Maybelline’s physical presence in China and migrating online completely, despite the strength of e-commerce and plans to close 14 standalone stores, its CEO has confirmed.
Colgate, Lifebuoy, Dove and Sunsilk are the most chosen beauty and personal care brands in the world, but L’Oréal Paris is the ‘biggest online adopter’, according to Kantar Worldpanel’s 2022 Brand Footprint.
Indian consumer goods giant Hindustan Unilever has reported seeing “extremely unprecedented levels” of inflation in the soap category, said the firm’s CFO.
International beauty major L’Oréal has reported strong sales growth for the first half (H1) of 2022, with much of business returning to or exceeding pre-pandemic levels and net profit surging.
French ingredient firm Greentech believes its new ingredient Myralys and its ability to tackle the ageing effects of glycation around the eye contour has tremendous potential in the APAC skin care market.
Hong Kong-listed L’Occitane’s business in China dropped by double digits due to COVID-19 troubles, hindering the performance of the Asia Pacific region in the three months ending June 30.
Personal care major Johnson & Johnson (J&J) has reported a rise in first half (H1) sales for 2022 despite a dip in pre-adjusted profits and consumer health sales hit by COVID-19, input costs and supply issues.
Glass packaging supplier SGD Pharma has plans to increase the capacity of its Zhanjiang plant in China by 15% on the back of “explosive” demand at home and an aggressive expansion strategy in the Americas.
India-based cosmetics conglomerate The Good Glamm Group is set to make its first foray internationally into the Middle East in August, and has plans to tackle the South East Asian market next year.
Olive Young has seen its global orders increase by 125% during its mid-year sales period, signalling strong overseas opportunities for the South Korean beauty retailer.
POPxo, a cosmetics platform and label under India’s digital content and D2C beauty firm The Good Glamm Group, will be capitalising on multi-use cosmetics and emphasising sun protection to extend its market reach.
Hong Kong-based beauty retailer Sa Sa International is eyeing opportunities in Malaysia, Australia, Europe, and North America with a revamped international online store.
Mumbai-based online beauty firm Pilgrim plans to execute a two-pronged expansion strategy by tapping the Middle East markets and setting up an offline presence by Q4 2023.
J-beauty skin care brand Orbis will relaunch its best-selling skin ageing care range, Orbis U, with three new products, with the firm targeting sales of JPY2.5bn ($18.5m) in its first year.
Indian beauty retailer Health & Glow has launched its first colour cosmetics brand, H&G Cosmetics, which it hopes will evolve to become the local beauty consumers’ “go-to brand”.
French clean beauty brand Caudalie is gearing up to expand its presence in Asia with new entries into India and Vietnam on the back of what it belives is growing demand for effective and clean skin care.
Newly launched Australia-based men’s skin care brand HIZ Body says revenue has doubled month on month since March and plans to expand into new markets to capitalise on the growing demand for men’s skin care.
Indian online beauty retailer Purplle is gearing up to expand its business into physical retail this year, with aims to launch around 10 stores by the fourth quarter.