The Chairman of SaSa International has revealed that sales have been affected by the ongoing row between China and South Korea over THAAD (Terminal High Altitude Area Defense) missiles, according to a report published by Asia Nikkei. The Hong Kong perfumery chain saw average spend drop 2.8 percent over the last fiscal year, while turnover was down 0.6 percent and profit dove 14.8 percent.
German cosmetics brand Beyu has revealed plans to conquer the Indian market by the end of the financial year, according to a report published by the Economic Times.
Hindustan Unilever has released its salary data for the last fiscal year, according to a report published Business Insider.
India has topped the rankings of halal cosmetics markets in a report compiled by Thomson Reuters in association with Dinar Standard, according to a report published by The Financial Express.
BASF has opened a new cosmetics plant in Shanghai. The project cost CNY150 million, making the new facility BASF's largest investment in emollients production in the Asia-Pacific region, with a capacity for 15,000 tons of emollients and waxes. The plant was conceived to ‘serve the Chinese market to echo the fast-growing demand and swiftly changing property needs,’ according to Hans W Reiners, BASF President for Care Chemicals.
Estée Lauder Companies saw sales soar 20 percent in China over the last quarter as millennials rush to mirror the lifestyles and make-up techniques touted by popular fashion bloggers, according to a report published by Bloomberg.
Japanese biotech start-up Maz World has opened a research and development center in Hong Kong’s Science Park.
Chinese healthcare company Renhe Pharmacy is said to be considering entering the fray in L'Oreal's auction of The Body Shop, according to a report published by Sky News.
Kanebo is gunning for a global presence, with a European roll-out planned for the Japanese cosmetics manufacturer’s eponymous skin care line this fall, and a Chinese launch pencilled in for 2020, according to a report published by Asia Nikkei.
Tonymoly is planning to open a store in Thailand as part of a wider push to build its presence in the ASEAN region, according to a report published by The Nation.