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 Asia Pacific arm of Japanese cosmetics company Shiseido is reinforcing its digital presence in the region in light of the current climate brought about by the novel coronavirus (COVID-19) outbreak.
Chinese beauty tech company Meitu has launched a free augmented reality (AR)-powered tool to help cosmetic companies try and increase the sales of make-up during the novel coronavirus (COVID-19) pandemic.
The global luxury goods market will shrink dramatically in the face of the ongoing coronavirus (COVID-19) crisis, with significant downgrades expected in Switzerland, Germany, Italy and France, says Euromonitor International.
UK health and beauty retailer Superdrug has reported a significant uplift in DIY hair colour kits and self-care facial masks and body creams during coronavirus lockdown, signalling continued consumer interest in looking and feeling good, it says.
The beauty maker is helping hairdressers around the world exceed the usual salon safety and sanitary measures, to keep themselves and clients safe by supplying masks, hand sanitizer gel, and new operating guidelines.
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.
Preservatives have long been vilified as a ‘harmful’ ingredient, but a deeper understanding of hygiene and contamination brought about by the novel coronavirus (COVID-19) outbreak may well validate their usage.
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.
The founder of a Singapore-based fragrance firm believes the functional fragrance trend is set to boom as more consumers prioritise their inner well-being in the face of the novel coronavirus (COVID-19) pandemic.