International beauty brand Sephora’s upcoming expansion into Australia participates in the ongoing diversification of the region’s cosmetics market, and will mean domestic players will need to continue to up their game with innovation.
The rumour mill is in full swing but it is not too ridiculous to suggest that Estée Lauder could be ripe to join the acquisition trail given its history and the current state of the market. It is not exactly out of character for the big players either…
Swiss manufacturer Givaudan is aiming to further reach out to its customers in Asia-Pacific and meet their needs, having announced the signing of a joint venture with Zhejiang Xinhua Chemical for the production of fragrance ingredients in China.
In the first of a two part interview with Kallik CEO, Neil Gleghorn, he reveals that the biggest priority for cosmetics companies right now is the new EU Regulation (number 1223/2009) that came into force in July.
Although the booming Chinese market is considered to be the most lucrative for cosmetic manufacturers, some exhibiting at Cosmoprof Asia revealed that the Japanese, Singaporean, Southeast Asian and Hong Kong markets were more rewarding for them!
At LVMH’s newest cosmetology center in Orleans this week, the company’s MD revealed its’ plans to expand in the 77-billion-euro a year ($104 billion) global premium cosmetics market on the Asia Pacific region.
Who knew the popularity potential of a face mask? Well not just any old face mask, but the upgraded Asian treatment trend that is promising the equivalent of a concentrated essence in a more affordable way...