Market research firm Euromonitor has released its latest report on beauty and personal care in Hong Kong, which reveals that the industry has seen steep decline in its growth within the country over the past year.
On the back of the success of its naturals brands, Australian beauty company BWX has seen robust domestic growth, and is now reportedly gearing up for a move into China.
As some Hong Kong protesters continue to harass tourists, retailers are baring the brunt, as shoppers from the mainland and even local residents are put off by the confrontation at malls.
International skin care player, Nu Skin has been given the go ahead to begin direct selling in China's Zhejiang Province, bringing its' global presence to a total of 30 cities in 19 provinces and municipalities.
Shares in US-based Nu Skin spiked yesterday on the back of renewed investor confidence after the company announced the confirmation of a $375m credit note with the Deutsche Bank.
Skin care specialist Nu Skin says continued problems in its China operations have weighed heavily on its second quarter results, causing revenues and profits to fall.
Sukin, a skin care brand from Australia which focuses heavily on its products’ natural claims, is set to move into Hong Kong, as organic claims continue to rouse consumers in the region.
The China government says it will fine Nu Skin in excess of $500k for ‘illegal sales’ and ‘misleading’ consumers and will also make moves to tighten regulations governing direct sales.
The specialty cosmetics chain has announced its' net profit to have risen to HK$357.4 million ($46.09 million) in the last six months, up from HK$282.1 million from the same financial quarter last year.
Big changes are afoot in China for cosmetics regulation, but how far changes in animal testing will go remains to be seen, says Simon Chan, executive director of the Hong Kong Cosmetic Technical Resources Centre.
Japanese cosmetic giant Shiseido saw its sunscreen cream temporarily removed from shelves in Hong Kong after mainland reports suggested it contained a toxic metal.
Sa Sa International Holdings has announced that its sales climbed 20.4 percent reaching $279 million in the last three months leading up to the 31st of December.
This year’s Cosmoprof Asia event, to be held in Hong Kong in November, is forecast to build on the record-breaking size of the previous event, in line with the continued industry growth throughout the region.
Nu Skin has laid out a five year business development plan for mainland China to strengthen its position in the country’s skin care market by expanding its distribution model.
Nu Skin today announced record third-quarter results attributing strong growth in the emerging markets, currency fluctuations, and the development of its anti-aging ageLOC range for the positive figures.
Aqua Bio Technology (ABT) has entered into a distribution agreement with LICA Enterprises in China, Hong Kong and Taiwan for its ingredient Aquabeautine XL in a move aimed at expanding its network in the Asian cosmetics market.
Anti-aging product manufacturer NuSkin Enterprises is expecting a strong end to the year particularly in emerging markets, following steady growth for the first half of the year.
Campaigns for cosmetic and toiletry products are leading a major
surge in advertising expenditure in China, latest research
information shows. The findings reflect the continued growth and
investment in an industry hotly tipped for...
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