Walmart launched BEAUTYSPACENK with Space NK to bring prestige personal care to the retail giant's online and instore sales spaces . CosmeticsDesign spoke with Laurie Tessier, merchandising director for prestige beauty at Walmart, about the launch.
German consumer goods major Beiersdorf is gearing up to expand its business in China through Nivea and Eucerin, which it believes have the potential to have as much success as its luxury brand La Prairie.
French beauty giant L’Oréal Group has credited the boom in luxury fragrance to the growing appreciation among Chinese consumers and expects it to continue growing by double-digits in the years to come.
Beauty and fragrance manufacturer Coty reports that the growth of its prestige beauty business in China is outstripping the market, with the firm predicting that the luxury sector, in particular, is ripe for future growth.
Consumer goods major Unilever has reported growth in full-year 2021 net sales and net profit, with a strong performance in beauty and personal care, but has said a dramatic rise in input costs remains a considerable challenge.
Kao is mulling over the decision to discontinue or divest another 13 of its beauty brands by 2024 to focus on its core G11 and R8 products, amid warnings that the impact of the pandemic will continue to be felt across the 12 months.
International beauty major L’Oréal has reported a significant rise in full-year 2021 sales and net profit globally, with Latin America and North Asia performing particularly well and business in its Luxe and Active Cosmetics divisions leading the surge.
Indian consumer goods giant Hindustan Unilever says it is taking a cautious approach to any possible beauty acquisitions that could potentially put its position as the beauty and personal care market leader at risk.
South Korean consumer goods giant LG Household and Health Care announces record-breaking sales and operating profit numbers for its 2021 fiscal year, marking the company’s 17th consecutive year of growth.
L’Oréal brand Urban Decay has made its first mark in China’s travel retail channel, following previous launches on Tmall and in Sephora outlets, after being buoyed by changes to the animal testing regime.
In the debut instalment of our How to win over series, we explore the thriving Indian beauty market to reveal the product development, sourcing, marketing and business strategies for success with expert insights from the biggest brands, thriving start-ups...
K-beauty brand aggregator B2LiNK’s acquisition of beauty application Picky is crucial for the firm’s long-term growth as it aims to become the “number one global digital skin care community”, says its CEO.