Business & Financial

Sweet deal: SUGAR Cosmetics revs up online and offline expansion as it plans to double revenue this year.

24-Feb-2021 By Amanda Lim

India-based beauty brand SUGAR Cosmetics is aiming to double its revenue by expanding online and offline distribution after closing $21m Series C funding.

Masstige move? Estée Lauder to acquire Deciem in two-part deal

23-Feb-2021 By Kacey Culliney

Prestige beauty major The Estée Lauder Companies will up its investment in mass functional beauty player Deciem, establishing terms for full ownership in three years – a move that will diversify it into the increasingly important masstige market, an expert...

P&G vice chairman on innovation: ‘Superiority is an opportunity that does not sunset’

23-Feb-2021 By Kacey Culliney

Procter & Gamble will continue to prioritise superior product design, packaging, and retail execution because it is a far-reaching opportunity that can strengthen long-term competitiveness, says its vice chairman, COO and CFO.

Critical state: Kao must make ‘bold upfront investments’ in digital to secure growth of cosmetics division – CEO

23-Feb-2021 By Amanda Lim

Japanese personal care major Kao Corporation is prioritising investments in digital technology as part of its plans to radically reform its cosmetics unit which has been severely affected by the COVID-19 pandemic.

‘Flywheel’ effect: Philips expects boom in at-home IPL hair removal systems in 2020 to lead to higher penetration in APAC

22-Feb-2021 By Amanda Lim

Philips Electronics has seen a boom in demand for at-home IPL hair removal systems in 2020 and believes this will lead to higher adoption rates across Asia-Pacific.

Sniffing out opportunities: Aman turns attention to fragrance, skin care and supplement range amid COVID-19 travel restrictions

18-Feb-2021 By Guan Yu Lim

Luxury hotel and resort group Aman has shifted focus to further develop its fragrance, skin care and dietary supplement range amid prolonged travel restrictions imposed by COVID-19.

Priority travel: Pola Orbis aims to gain foothold in China travel retail to further overall growth

17-Feb-2021 By Amanda Lim

Japanese cosmetics maker Pola Orbis Holdings is doubling down on travel retail to gain share in the Chinese market, which believes is crucial to future growth.

Skin beauty revival: Shiseido outlines plans for key brands as it seeks to recover from COVID-19 slump

16-Feb-2021 By Amanda Lim

Japanese cosmetics giant Shiseido Company has highlighted its plans for its key brands like SHISEIDO and ELIXIR as it focuses on building a powerful portfolio centred on skin beauty.

L’Oréal reports 5% net profit drop for 2020 despite strong Q4 and ‘record year’ in actives

12-Feb-2021 By Kacey Culliney

International beauty major L’Oréal has reported an overall loss in net profit for the full year of 2020, despite a spike in sales for the fourth quarter, most notably in active cosmetics and across China.

Shiseido’s struggles: Japanese giant reports net sales declines in Q4 and 2020 against tough COVID-19 conditions

10-Feb-2021 By Amanda Lim

Japanese cosmetics major Shiseido Company saw its financial performance continue to dip in the fourth quarter, resulting in a 18.6% decrease in net sales and an 86.9% loss in operating profits for the full year of 2020.

Storytelling scents: Givaudan to acquire AI sensory specialist Myrissi

09-Feb-2021 By Kacey Culliney

Fragrance-flavour major Givaudan will acquire French artificial intelligence (AI) firm Myrissi to take on its cutting-edge sensory translating tech that connects smell, colour and emotions, enabling innovative storytelling and fresh consumer engagement...

Beauty boost? Revlon eyes global brand extensions ‘for significant long-term revenue’ via MDR Brand Management

08-Feb-2021 By Kacey Culliney

International beauty major Revlon has partnered with MDR Brand Management to create a global brand extension strategy that takes it into new spaces and drives deeper consumer engagement across the EMEA, APAC and Americas.

‘Prestige first’: Shiseido sells off personal care division for $1.5bn to focus on high-end skin care

04-Feb-2021 By Amanda Lim

Japanese cosmetic giant Shiseido Company has announced the decision to sell its low-cost personal care business to CVC Capital Partners in a deal worth 160 billion yen ($1.5bn) in order to focus on its more high-end cosmetic brands.

K-beauty delivered: Bulgarian clean beauty online store looks to double innovative brand offering

03-Feb-2021 By Guan Yu Lim

Bulgarian online retailer Undone Store has added South Korean skin care brand Boutijour into its portfolio in January 2021 as it looks to double the number of brands on the store by the end of this year.

POND’S aiming to double e-commerce business over the next five years as it works to scale up business in SEA

03-Feb-2021 By Amanda Lim

Unilever-owned POND’S says its goal is to double its e-commerce business over the next five years as it aims to ramp up growth in the South East Asian region.