Regardless of how successful an international beauty player may be on the Asia Pacific region, the China market practically evolves overnight and staying ahead of the game here – as L’Oreal knows only too well, takes risk and strategic foresight.
Noted to be Japan’s largest exhibition specialised in cosmetics, Cosme Toyko organisers are making the final preparations for the 2016 event which will be focused around showcasing what the country has to offer in cosmetic innovation...
Connell Brothers, the Hong Kong-based distributor of fine chemicals, has expanded its footprint into the cosmetics and personal care distribution arena in China through the acquisition of a competitor.
AmorePacific has got big goals in mind, including a significant expansion programme that aims to make it the biggest cosmetics player in Asia and one of the biggest globally, according to the company’s chief technology officer, Hak Hee Kang.
Last week’s Cosme Tech show in Tokyo was already one of the biggest industry trade shows in the world, but next year event organizer Reed Exhibitions Japan want it to be even bigger and more international.
With the economic slowdown hurting Western markets hard, multinationals are increasingly turning to Asia Pacific to reinvigorate growth, but it seems that key to a good start is establishing a presence there.
Procter & Gamble head of beauty Virginia Drosos has confirmed that she is retiring from her role in the company, while the division is set to be relocated from the global headquarters in Cincinnati to Singapore.