AmorePacific has seen its net profit dive as Chinese tourists continue to stay away from Korean shores, according to a report published by the Korea Herald.
AmorePacific’s meteoric growth has placed it above multinational powerhouses such as Chanel and the LVMH stable in terms of global sales, according to a report published by the Korea Times.
The Indian arm of Japanese flavors and fragrance firm Takasago is considering a move into the personal wash category, according to a report published by The Hindu Business Line.
Shinsegae-owned E-mart’s first foray into the cosmetics market is hoping to create an entirely new K-beauty category, according to a report published by The Korea Herald.
Indian consumers have been subjected to a series of price hikes for personal care products, which the Economic Times is attributing to manufacturers hedging their bets ahead of the soon-to-be-introduced Goods and Services Tax (GST).
After eight acquisitions in 2016 and an impressive 12 in 2015, it looks like Frutarom is set to repeat, if not beat its M&A record this year.
Memebox has attracted the most investment of any Korean start-up over the last year, according to a report published by the Korea Herald.
Shilla Duty Free has announced that it has secured a license to run duty free concessions at Hong Kong International Airport, according to a report published by Pulse News.
Procter & Gamble has slashed the prices of its Gillette razors in a bid to keep up with start-ups such as the Dollar Shave Club and Harry’s that are proving popular with consumers due to lower-cost razors and blades.
Cosmetics imports hit a value of US$1.1 billion in Vietnam in 2016, according to reports from the International Trade Center and World Bank – and are expected to hit US$2.2 billion by 2020, says Vietnam Net Bridge.