Sisley aims to grow “faster than the market” in Asia on the back of multiple opportunities across the region including Japan expansion and makeup potential, says its top Asia exec.
German personal care conglomerate Beiersdorf has blamed the diagou situation in China and South Korea for La Prairie’s 9.9% sales decline in the first half (H1).
Japanese consumer goods company Kao Corporation has outlined its plans to drive profit growth in its beauty business in the next quarter, including a focus on prestige beauty and makeup.
American beauty major Coty is optimistic about Lancaster’s future in China as the launch of its new flagship and its ultra-premium Ligne Princiere line takes off with aplomb.
The travel retail channel holds major potential for luxury beauty, but more effort must be made to secure increasingly demanding travellers, says the CEO of SK-II.
The South Korea consumer goods company LG Household & Health Care is aiming to strengthen its luxury beauty brands as well as boost its overseas business as part of plans to drive growth.
Beiersdorf’s luxury brand La Prairie saw sales hampered in the first quarter (Q1) due to challenging market conditions in China caused by ongoing COVID-19 pain points.
Shinsegae International has observed that economic fears are not deterring consumers from purchasing luxury niche fragrances, believing they have replaced lipstick as the new recession-proof commodity.
The strength of L’Oréal’s hair care business in 2022 came as a positive post-COVID surprise as consumers aspired to healthier, more diversified looks and shopped at the premium end of this category, its CEO says.
Decorté Cosmetics is set to extend its bestselling Liposome skin care range with a new eye serum to reinforce its presence in the high-end beauty market.
International beauty major The Estée Lauder Companies and French luxury fashion house Balmain have entered into a license agreement to collaboratively develop and launch an inclusive prestige beauty line next year.
Chinese beauty consumers are zeroing in on the efficacy and functionality of luxury skin care products in the wake of repeated lockdowns and the threat of unemployment, says the CEO of Shiseido China.
Hainan Island’s reputation as the “go-to beauty destination” makes it the ideal place to introduce Takami, the newest “jewel” in L’Oréal’s high-end skin care portfolio, claims the firm.
German personal care major Beiersdorf has plans to expand La Prairie’s offline presence in China with 10 more touchpoints as the brand rebounds strongly in the pandemic-plagued market.
South East Asian retailer FJ Benjamin Holdings (FJB) has added UK brand MZ Skin to its beauty portfolio as part of its new focus on health and wellness.
Beauty and fragrance manufacturer Coty reports that the growth of its prestige beauty business in China is outstripping the market, with the firm predicting that the luxury sector, in particular, is ripe for future growth.
Kosé Corporation has entered a partnership with spa group Aman Group to showcase Decorté in a series of exclusive facial and body treatments as it strives to turn the brand into a global prestige beauty powerhouse.
Luxury skin care brand SENSAI has launched a Tmall flagship store as part of its e-commerce-led strategy to accelerate the brand’s presence in the competitive Chinese market.
Japanese skincare brand POLA has been projected to achieve more than $270m in overseas sales in the next couple of years thanks to the strong demand from China’s luxury beauty market.
Swiss luxury skincare brand La Prairie has launched its first standalone flagship store in South East Asia, which it believes will help the brand to meet the increasing demand for a more personalised experience for its high-end clientele.
Japanese cosmetics company Pola Orbis Holdings has rebounded on the back of high-end flagship POLA, which posted remarkable operating profit growth of 129.2% in the first half of FY2021.
The demand for luxury beauty brands such as Sulwhasoo has helped to drive cosmetic firm Amorepacific’s recovery domestically and in overseas markets including China and Europe.
South Korean conglomerate LG Household & Healthcare has reported record-high sales and profits results driven by China’s demand for its luxury beauty products.
Lazada expects demand for luxury skin care brands such as Estée Lauder, SK-II, and Sulwhasoo to continue on an upward trend, even as the COVID-19 pandemic eases.
Kao Corporation is working to reinforce the online presence of its high-end beauty brand SENSAI in key markets such as Japan, China and Europe, in order to strengthen its position in the prestige skin care market.
Hong Kong-based skin care brand RARE SkinFuel (RSF) will be debuting its first flagship store in luxury mall Landmark to solidify its position in the market as an ‘exclusive’ brand.
The penchant for livestreaming in China is supporting the remarkable demand for luxury beauty products among the younger generation of consumers, according to China’s leading e-commerce company Alibaba.
Luxury beauty brand By Terry and distributing partner Luxasia are counting on a digitally-led approach to weather the novel coronavirus (COVID-19) crisis and achieve their ambitions for the brand in Asia.
Indie brand La Fervance has developed its first clean skin care product – a gold dust-infused facial mask targeting the luxury beauty market that it wants to take global.
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.
K-beauty firm Amorepacific has added a new luxury label, Sienu, to its portfolio, with the firm saying there was a noticeable demand for high-end anti-ageing products from younger consumers.
Luxury cosmetic brands need to stay fluid in the face the novel coronavirus (COVID-19) pandemic to make up for the lack of advantages in today’s market.
More luxury brands are striving to walk the thin line between exclusivity and inclusivity in a segment that has historically been synonymous with being exclusionary.
Global beauty major L'Oréal has signed a long-term license agreement with high-end Italian fashion house Prada to develop a luxury beauty line it says will be an ‘ideal complement’ to its Luxe brands.
Ultra-natural has taken hold across several beauty and personal care categories and fine fragrance will eventually make its mark with the right innovation and transparency focus, says a Firmenich executive.
![Sisley aims to grow “faster than the market” in Asia on the back of multiple opportunities across the region. [Sisley]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/brand-innovation/sisley-aims-to-outpace-asia-beauty-market-growth/16714769-1-eng-GB/Sisley-aims-to-outpace-Asia-beauty-market-growth.jpg)
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![[Olive Young]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/cj-olive-young-strengthens-premium-position-with-new-retail-brand/16625184-1-eng-GB/CJ-Olive-Young-strengthens-premium-position-with-new-retail-brand.jpg)
![Kao has to focus on prestige beauty and makeup to drive growth. [Kanebo]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/kao-to-focus-on-prestige-beauty-makeup-to-drive-beauty-profits-in-q2/16424903-1-eng-GB/Kao-to-focus-on-prestige-beauty-makeup-to-drive-beauty-profits-in-Q2.jpg)
![Lancaster’s new flagship and its ultra-premium launch takes off with aplomb in China. [Lancaster]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/lancaster-china-off-to-dream-start-with-debut-of-flagship-and-ultra-premium-line-coty-ceo/16424849-1-eng-GB/Lancaster-China-off-to-dream-start-with-debut-of-flagship-and-ultra-premium-line-Coty-CEO.jpg)
![The travel retail channel holds major potential for luxury beauty, says SK-II. [SK-II]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/article/2023/05/15/sk-ii-travellers-more-likely-to-invest-in-premium-beauty-products/16401164-1-eng-GB/SK-II-Travellers-more-likely-to-invest-in-premium-beauty-products.jpg)
![LG H&H outlines plans to drive growth. [Su:m 37]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/lg-h-h-aims-to-reinforce-luxury-beauty-unit-to-drive-future-growth/16395443-1-eng-GB/LG-H-H-aims-to-reinforce-luxury-beauty-unit-to-drive-future-growth.jpg)
![The lack of Chinese shoppers in travel retail has hit the growth of luxury skin care brand SK-II. [SK-II]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/article/2023/05/03/sk-ii-performance-hampered-by-sluggishness-in-travel-retail-p-g/16366262-4-eng-GB/SK-II-performance-hampered-by-sluggishness-in-travel-retail-P-G.jpg)
![La Prairie sales hampered in the first quarter (Q1) due to challenging market conditions in China. [La Prairie]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/la-prairie-sales-slump-by-12-with-china-s-zero-covid-policies-beiersdorf/16372847-1-eng-GB/La-Prairie-sales-slump-by-12-with-China-s-zero-COVID-policies-Beiersdorf.jpg)
![Economic fears are not deterring Korean consumers from purchasing luxury niche fragrances. [Ex Nihilo]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/market-trends/luxury-niche-fragrances-buck-recession-trend-in-korea-shinsegae/16195561-1-eng-GB/Luxury-niche-fragrances-buck-recession-trend-in-Korea-Shinsegae.jpg)
![Consumers are increasingly invested in the health of their hair and are investing in the premium end of the market to achieve desired looks and outcomes [Getty Images]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-europe.com/article/2023/02/14/l-oreal-ceo-says-hair-care-is-booming-as-consumers-show-interest-in-premium-luxury-products/16169579-1-eng-GB/L-Oreal-CEO-says-hair-care-is-booming-as-consumers-show-interest-in-premium-luxury-products.jpg)
![Decorté Cosmetics to extend Liposome range with a new eye serum. [Decorté]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/brand-innovation/decorte-extends-flagship-liposome-range-with-new-eye-serum-to-strengthen-brand/16119320-1-eng-GB/Decorte-extends-flagship-Liposome-range-with-new-eye-serum-to-strengthen-brand.jpg)
![Balmain Beauty aims to offer a prestige 'beauty for all' experience, drawing inspiration from the spirit of the French fashion house brand [Getty Images]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-europe.com/article/2022/09/27/estee-lauder-balmain-beauty-2024-launch-after-license-agreement/15800223-1-eng-GB/Estee-Lauder-Balmain-Beauty-2024-launch-after-license-agreement.jpg)
![Chinese beauty consumers are zeroing in on the efficacy and functionality of luxury skin care products in the wake of repeated lockdowns and the threat of unemployment. [Shiseido / Clé de Peau Beauté]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/china-luxury-skin-care-trends-consumers-refocusing-on-essentiality-and-real-value-shiseido/15707490-1-eng-GB/China-luxury-skin-care-trends-Consumers-refocusing-on-essentiality-and-real-value-Shiseido.jpg)
![L’Oréal to introduce Takami to Hainan in 2023. [Takami]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/l-oreal-touts-hainan-as-the-perfect-venue-to-introduce-j-beauty-brand-takami/15671346-1-eng-GB/L-Oreal-touts-Hainan-as-the-perfect-venue-to-introduce-J-beauty-brand-Takami.png)
![Beiersdorf has plans to expand La Prairie’s offline presence in China with 10 more touchpoints. [Beiersdorf / La Prairie]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/la-prairie-china-to-open-10-more-doors-by-end-of-2022/15677091-1-eng-GB/La-Prairie-China-to-open-10-more-doors-by-end-of-2022.jpg)
![FJB has added UK brand MZ Skin to its beauty portfolio as part of its new focus on health and wellness. [MZ Skin]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/fjb-inks-deal-to-distribute-luxury-brand-mz-skin-as-it-continues-to-expand-beauty-portfolio/15470710-1-eng-GB/FJB-inks-deal-to-distribute-luxury-brand-MZ-Skin-as-it-continues-to-expand-beauty-portfolio.jpg)
![Coty reports that the growth of its prestige beauty business in China is outstripping the market. [Coty / Gucci Beauty]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/coty-china-prestige-beauty-grows-six-times-faster-than-the-market/13248340-1-eng-GB/Coty-China-prestige-beauty-grows-six-times-faster-than-the-market.jpg)
![Kosé partners Aman Group to strengthen Decorté global presence. [Kosé / Decorté]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/kose-partners-aman-group-to-strengthen-decorte-global-presence/13027110-1-eng-GB/Kose-partners-Aman-Group-to-strengthen-Decorte-global-presence.jpg)
![SENSAI has launched a Tmall flagship store as part of its e-commerce-led strategy for China. [SENSAI]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/sensai-leads-with-e-commerce-strategy-to-accelerate-growth-of-brand-awareness/12830428-1-eng-GB/SENSAI-leads-with-e-commerce-strategy-to-accelerate-growth-of-brand-awareness.jpg)
![POLA has been projected to achieve more than $270m in overseas sales in the next two years. [POLA]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/pola-expecting-overseas-sales-to-surpass-270m-by-2023-on-the-back-of-china-demand/12817700-1-eng-GB/POLA-expecting-overseas-sales-to-surpass-270m-by-2023-on-the-back-of-China-demand.jpg)
![La Prairie has launched its first standalone flagship store in Singapore and SEA. [La Prairie]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/market-trends/la-prairie-to-offer-more-personalised-experiences-with-first-standalone-flagship-in-sea/12795254-1-eng-GB/La-Prairie-to-offer-more-personalised-experiences-with-first-standalone-flagship-in-SEA.jpg)
![Pola Orbis Holdings has rebounded on the back of high-end flagship POLA. [Pola Orbis]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/pola-pay-off-super-prestige-brand-s-129-growth-guides-pola-orbis-to-recovery/12706536-1-eng-GB/POLA-pay-off-Super-prestige-brand-s-129-growth-guides-Pola-Orbis-to-recovery.jpg)
![Sulwhasoo has helped to drive cosmetic firm Amorepacific’s recovery. [Sulwhasoo]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/article/2021/08/02/amorepacific-s-covid-19-recovery-driven-by-luxury-division/12694143-1-eng-GB/Amorepacific-s-COVID-19-recovery-driven-by-luxury-division.jpg)
![LG Household & Healthcare has reported record-high sales and profits results driven by China’s demand for its luxury beauty. [LG H&H]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/lg-h-h-in-china-luxury-demand-helps-firm-break-financial-records/12683940-1-eng-GB/LG-H-H-in-China-Luxury-demand-helps-firm-break-financial-records.jpg)
![Lazada expects demand for luxury skin care brands to rise. [Lancôme]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/market-trends/high-end-skin-care-brands-domination-expected-to-continue-post-pandemic-lazada/12428764-1-eng-GB/High-end-skin-care-brands-domination-expected-to-continue-post-pandemic-Lazada.jpg)
![SENSAI working to reinforce its online presence in key markets. [SENSAI]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/kao-corp-aiming-to-strengthen-super-prestige-brand-sensai-in-key-markets/12391279-1-eng-GB/Kao-Corp-aiming-to-strengthen-super-prestige-brand-SENSAI-in-key-markets.jpg)
![[SUGAR Cosmetics]](/var/wrbm_gb_food_pharma/storage/images/_aliases/wrbm_tiny/publications/cosmetics/cosmeticsdesign-asia.com/article/2023/09/19/estee-lauder-l-oreal-on-trends-and-developments-in-india-s-beauty-market/16744742-1-eng-GB/Estee-Lauder-L-Oreal-on-trends-and-developments-in-India-s-beauty-market.jpg)
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