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.
Digitalisation, personalisation, wellness and sustainability have been popularised by independent beauty brands and with big beauty now onboard these trends will remain critical as 2020 evolves, says GlobalData.
International skin care major Beiersdorf has reported a sales dip for the first quarter of 2020 amid the ongoing coronavirus (COVID-19) pandemic, with European business and the La Prairie brand especially hard-hit.
Singapore-based luxury beauty label Ange Gardien Paris believes having a streamlined organisational structure has helped it to make rapid decisions that kept the company afloat during the novel coronavirus (COVID-19) crisis.
Cosmetics major Lush has started reopening shuttered stores across EMEA and Russia as coronavirus (COVID-19) lockdowns start to ease – a move executives say would not have been possible without the help of local governments, councils and landlords.