L’Oréal couture brand Valentino has launched its first makeup collection in Dubai and Seoul airports, laying the path for a strong return to beauty travel retail for the conglomerate, an executive says.
International beauty companies are in danger of losing market share to China’s homegrown beauty brands that are more in tune with the needs and concerns of the varying demographics that make up the vast Chinese market, according to an industry analyst.
Korean cosmetic company Amorepacific has developed an active ingredient with extracts from peach sprouts and peonies, which it claims is effective in inhibiting and regulating the secretion of sebum on the skin.
Knowledge of the Gen Z and millennial consumer combined with a burgeoning global reputation are two of the reasons Korean major Amorepacific has taken a 38.4% stake in cult K-beauty brand COSRX, as it looks to expand its own footprint overseas.
China’s Hainan Island prospered as domestic travel boomed in wake of COVID-19, triggering staggering growth for luxury beauty brands on the island. But is Hainan’s remarkable growth here to stay when international travel takes flight again?
Awareness on the importance of skin care among men is likely to protect the male beauty category from the recent media crackdown China has mandated against those who do not fit into the masculine stereotype.