Japanese beauty giant Shiseido announced the launch of Shiseido Long Term Investments for the Future (LIFT) Ventures, a newly formed company, which will be a vehicle for investing in innovative early-…
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L’Occitane first-half revenues surge 19 percent as China investment pays off
Beauty giant L’Occitane International said net sales grew 19 during the first half of fiscal 2024, to EUR 1.072 billion (USD 1.176 billion), on the back of stellar growth at its Sol de Janeiro s…
Coty APAC sales up 16 percent on travel retail and prestige, China makeup sales in recovery
Coty has reported an 18 percent uptick in first quarter sales to USD 1.64 billion, on the back of surging growth in its prestige category, and double-digit gains across all markets, including Asia Pac…
Arvind Fashions sells off Sephora India business for USD 12 million
Reliance Retail Ventures has entered into an agreement to acquire the India business of French beauty retailer Sephora for rival Arvind Fashions, in a deal worth USD 11.89 million.…
Amorepacific Q3 sales hit by Asia drop, takes majority stake in COSRX brand
South Korea’s Amorepacific Group reported a 5.7 percent drop in sales to KRW 963.3 billion (USD 729.5 million) for the third quarter, on the back a double-digit decline in the beauty giant’…
‘Travel retail is booming for Coty’ – Guilhem Souche on Coty’s robust travel retail performance
In this interview, Coty senior vice president, global travel retail Guilhem Souche discusses the factors that have led to Coty Travel Retail’s +30 percent sales growth in Q4, the ongoing […]…
Estée Lauder Q1 sales slammed by slow recovery in Asia travel retail, mainland China
The Estée Lauder Companies reported net sales of USD 3.52 billion for the first quarter ending September 30, down 10 percent, on the back of lacklustre Asia travel retail sales and a slow recovery in …
L’Oréal invests in China’s Shinehigh Innovation
France’s L’Oréal has taken a minority stake in Chinese biotech firm Shinehigh Innovation, as the beauty giant looks to co-develop both novel and sustainable beauty solutions for future products.…
L’Oréal appoints Adrien Koskas as GM for consumer products in SAPMENA region
French cosmetics giant L’Oréal has appointed Adrien Koskas to the role of general manager of consumer products in the South Asia Pacific, Middle East, and North Africa (SAPMENA) region, effective Octo…
L’Occitane owner says beauty group will not be going private
The chairman and controlling shareholder of Hong Kong-listed skincare specialist L’Occitane International said he has decided against a deal to take the company private, derailing speculation of…