South Korean consumer goods company LG Household and Health Care (LGH&H) has invested KRW5bn (USD3.73m) in a venture capital fund that fosters K-beauty start-ups.
Sino-British start-up Yao Secret is targeting Europe, Australia and Singapore to capitalise on the sustainable beauty movement with its solid shampoo bars made with fermented rice water sourced from the Yao tribe of Guangxi, China.
International beauty major L’Oréal has acquired a minority stake in Korean temporary tattoo tech startup Prinker to fast-forward its vision of advancing beauty tech that empowers self-expression.
UK-headquartered indie brand TAKK is on a mission to carve out a new way of beauty consumption, minimising choice via genderless, simplified ranges via subscription.
Working with and mentoring startups like Clear will be key to driving change in beauty, particularly on issues like diversity, inclusion and sustainability, says L’Oréal UK & Ireland’s chief marketing officer.
Personal care major Unilever has widened the call for startups, scaleups and entrepreneurs to engage with its collaboration initiative, inviting those specialised in sustainable ingredients and packaging to join.
Personal care major Beiersdorf will acquire a stake in German-based skin diagnosis startup dermanostic as part of its wider digitalisation strategy, particularly for its derma brand Eucerin.
Personal care major Unilever has launched a collaboration initiative to partner with forward-thinking beauty startups, scaleups and entrepreneurs specialised in social commerce to drive next-generation in-house innovation across its portfolio of brands.
![LGH&H has made a strategic investment of KRW5bn (USD3.73m) in a venture capital fund that fosters K-beauty startups. [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-commits-3.7m-in-funding-to-seek-long-term-partnerships-with-k-beauty-start-ups/17712094-1-eng-GB/LG-H-H-commits-3.7m-in-funding-to-seek-long-term-partnerships-with-K-beauty-start-ups.jpg)
![The investment comes as beauty standards continue to morph as consumers demand products and devices that help with self-expression and building identities [Getty Images]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-europe.com/article/2023/01/10/l-oreal-minority-investment-in-korea-s-prinker-to-drive-beauty-tech-for-self-expression-personalisation/16069643-1-eng-GB/L-Oreal-minority-investment-in-Korea-s-Prinker-to-drive-beauty-tech-for-self-expression-personalisation.jpg)
![TAKK offers a range of simple and genderless bathroom essentials via its online subscription service, including hand soap, shower gel, toothpaste and shaving gel [Image: TAKK]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-europe.com/article/2022/10/28/indie-beauty-brand-takk-wants-to-tackle-choice-overload-with-essentials-range-and-subscriptions/15894155-1-eng-GB/Indie-beauty-brand-Takk-wants-to-tackle-choice-overload-with-essentials-range-and-subscriptions.jpg)
![The UK 'social' skin care app enables consumers to track and share routines with other individuals, creating a “more social, transparent and inclusive” forum [Getty Images]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-europe.com/article/2022/03/25/l-oreal-uk-ireland-takes-on-clear-social-skin-care-app-into-accelerator-programme-at-the-good-business-festival/15275953-1-eng-GB/L-Oreal-UK-Ireland-takes-on-Clear-social-skin-care-app-into-accelerator-programme-at-The-Good-Business-Festival.jpg)
![Successful applicants would have the chance to kickstart innovation projects with a number of leading Unilever brands, including Dove, Rexona and Love, Beauty & Planet [Image: Getty Images]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-europe.com/headlines/brand-innovation/unilever-positive-beauty-growth-collaboration-platform-seeking-sustainable-startup-partners/13310242-1-eng-GB/Unilever-Positive-Beauty-Growth-collaboration-platform-seeking-sustainable-startup-partners.jpg)
![Düsseldorf-based dermanostic offers online consultations with experienced dermatologists, simplifying and speeding up access to help for specific skin conditions [Getty Images]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-europe.com/headlines/business-financial/beiersdorf-to-acquire-stake-in-dermanostic-digital-diagnosis-startup-to-drive-eucerin-digitalisation/13145304-1-eng-GB/Beiersdorf-to-acquire-stake-in-dermanostic-digital-diagnosis-startup-to-drive-Eucerin-digitalisation.jpg)
![Unilever wants to team up with innovators in the field of social commerce, specifically livestreaming, shoppable media and gaming to drive in-house innovation across its brands [Getty Images]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-europe.com/headlines/brand-innovation/unilever-opens-submissions-for-positive-beauty-growth-startup-collaboration-platform/12883807-1-eng-GB/Unilever-opens-submissions-for-Positive-Beauty-Growth-startup-collaboration-platform.jpg)
![Recent product news from Essentials, Justhuman, Camino Rose, matsukiyo and more. [Camino Rose]](/var/wrbm_gb_food_pharma/storage/images/_aliases/wrbm_tiny/publications/cosmetics/cosmeticsdesign-asia.com/article/2024/09/06/product-profiles-latest-news-on-the-hottest-beauty-products-in-apac/17722207-1-eng-GB/Product-profiles-Latest-news-on-the-hottest-beauty-products-in-APAC.png)
![Justhuman has launched its first skin care product. [Justhuman]](/var/wrbm_gb_food_pharma/storage/images/_aliases/wrbm_tiny/publications/cosmetics/cosmeticsdesign-asia.com/headlines/brand-innovation/justhuman-expands-neurocosmetic-portfolio-with-first-skin-care-launch/17662516-1-eng-GB/Justhuman-expands-neurocosmetic-portfolio-with-first-skin-care-launch.jpg)
![Able C&C is strengthening its international presence by expanding its footprint in the Middle East. [Missha]](/var/wrbm_gb_food_pharma/storage/images/_aliases/wrbm_tiny/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/able-c-c-furthers-global-acceleration-with-middle-east-expansion/17704777-1-eng-GB/Able-C-C-furthers-global-acceleration-with-Middle-East-expansion.jpg)
![Our round-up of the beauty brands in Asia Pacific, featuring news and updates from Kosé, Clinique, Coty and more. [Kose]](/var/wrbm_gb_food_pharma/storage/images/_aliases/wrbm_tiny/publications/cosmetics/cosmeticsdesign-asia.com/headlines/brand-innovation/kose-clinique-coty-and-more-in-our-brand-update/17705038-1-eng-GB/Kose-Clinique-Coty-and-more-in-our-brand-update.jpg)
![Hera is accelerating its expansion in Thailand through online and offline channels. [Hera]](/var/wrbm_gb_food_pharma/storage/images/_aliases/wrbm_tiny/publications/cosmetics/cosmeticsdesign-asia.com/article/2024/09/03/hera-outlines-thailand-expansion-plans-with-sephora-eveandboy-shopee-tiktok/17687410-1-eng-GB/Hera-outlines-Thailand-expansion-plans-with-Sephora-EVEANDBOY-Shopee-TikTok.jpg)
