Consumer awareness of clean beauty in China still lags behind the US and Europe, according to Chinese influencer Grace Chow, who is on a mission to propel education on the back of her new make-up brand.
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.
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.
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.
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.
The move by France to provide a government platform enabling beauty manufacturers to qualify for exemptions when exporting general-use cosmetics to China should carve out a path for other countries to follow, says a Procter & Gamble executive.