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.
A round-up on our top stories on China’s lucrative personal care market, featuring the L’Oréal’s rebound in China, Shiseido’s new investment in Oriental Beauty Valley, Azelis’ acquisition of CosBond and more.
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.
This week, the company known for its AI and AR solutions for beauty, introduced a skin diagnostic tool, a shade finder, and a virtual try-on option for brands marketing to consumers via WeChat mini programs.
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.
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.