News & Analysis on Cosmetics Innovation
Silicone-based ingredients supplier Wacker has unveiled a series of new product launches at the PCHi event in Shanghai last week, including a hair conditioner exclusively for the China market.
Vipshop, a prominent online discount retailer in China, has acquired a minority interest in Ovation, its second cosmetics brand purchase in as many weeks.
Food giant Nestlé has something of a sweet tooth for skin care it appears, having acquired full ownership of the Galderma brand from L’Oréal and announces its skin health focus.
In the latest blow relating to its practices in China, beauty brand Nu Skin now faces a class action which seeks to recover damages for shareholders who have been hit by the on-going investigations into its alleged ‘illegal pyramid scheme’.
Consumer goods giant Procter & Gamble has been targeting the Southeast Asia market in a bid to profit from the region’s growth, and balance stagnant sales in the West.
Japanese conglomerate Showa Denko is targeting growth in its personal care division through further expansion into the China market and other countries in the Asia Pacific region.