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.
Boots has teamed up with E-mart to debut into the Korean beauty market with its new store, located in Starfield Hanam shopping complex.
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.
Shares in SaSa International dropped one percent in a single morning last week after the Hong Kong-based retailer issued a profit warning for the full financial year ended March, according to a report published by Asia Nikkei.
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).
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.