Business & Financial

Sephora CEO: Feelunique acquisition a ‘key step’ in Europe growth strategy

23-Jul-2021 By Kacey Culliney

Beauty retail major Sephora has confirmed its acquisition of prestige beauty e-commerce player Feelunique, with the deal expected to close between March and July next year.

J&J Q2 2021 profit soars – ‘our strategy is working’, says exec

22-Jul-2021 By Kacey Culliney

Personal care major Johnson & Johnson (J&J) has reported a significant surge in net earnings for the second quarter (Q2) of 2021, largely propelled by its medical device and pharma divisions, but consumer health also returned to growth.

‘Competitive growth is our priority’: Unilever reports Q2 2021 net sales rise and ‘strong’ H1

22-Jul-2021 By Kacey Culliney

Personal care major Unilever has reported a net sales rise for its second quarter (Q2) of 2021, with Europe growth rebounding and prestige beauty seeing continued success.

Action and Advocacy: Mary Kay speaks up for women’s economic power and equality

21-Jul-2021 By Deanna Utroske

This month, the social sales beauty company participated in the Generation Equality Forum in Paris, France, and issued a position paper on the European Commission’s Gender Equality Strategy.

Financial focus: L’Occitane, Unilever and more feature in our latest beauty business and finance update

20-Jul-2021 By Amanda Lim

In this round-up of financial results, M&As and funding drives in the cosmetics industry, we highlight L’Occitane’s full-year results, Unilever’s acquisition of Paula’s Choice and more.

Sustainable cosmetics: ‘Marketing is as misinformed as consumers sometimes’, says Re-Sources founder

15-Jul-2021 By Kacey Culliney

Online sustainable cosmetics educational platform Re-Sources wants to close the knowledge gap between beauty formulators, packaging technologists and marketing to streamline green product development.

The Estée Lauder Companies join Black Women Talk Tech as event sponsor

14-Jul-2021 By Deanna Utroske

With just one day between the announcement and the pitch application deadline (July 15, 2021), the beauty maker has formally signed on to present at the 2-day tech conference and to support the beauty (tech) pitch competition for VC funding.

Digital transformation: Kao Corp pumps $136m into digital as it seeks to offset cosmetics sales slump

14-Jul-2021 By Amanda Lim

Kao is investing $136m on its digital transformation to enhance the competitiveness of its cosmetics division, which has experienced a sales slump during the pandemic.

Full speed ahead: Bespoke perfume house Maison 21G accelerates global expansion, targets China in 2022

08-Jul-2021 By Amanda Lim

Singapore-headquartered luxury fragrance house Maison 21G is rapidly expanding its international footprint in markets in Asia and the Middle East, and has its sights set on entering China in 2022.

Finer details: US brand Ingredients targets APAC’s ‘lagging’ clean beauty market with ‘transparent’ approach

07-Jul-2021 By Amanda Lim

The US duo who sold a premium men’s grooming brand to Procter & Gamble are now targeting APAC markets with its latest venture – transparency focused skin care brand called Ingredients.

Sephora-Zalando partnership ‘may inspire’ more beauty-fashion tie-ups

06-Jul-2021 By Lynda Searby

Sephora’s partnership with e-commerce fashion major Zalando will capitalise on the online momentum built up by the German player over the past 18 months and may inspire other cross-sector collaborations, but is there a risk it could compromise the beauty...

‘Human approach to beauty’: L’Occitane online sales grow 69% thanks to social selling initiatives

29-Jun-2021 By Amanda Lim

Hong Kong-listed L’Occitane International has credited the growth of its online sales in part to its successful social selling initiatives in markets including South Korea, Europe and the US.

Natura &Co - one year in to the Commitment to Life

23-Jun-2021 By Deanna Utroske

This month, the Brazil-based multinational beauty maker shared an update on its Commitment to Life, a corporate social responsibility initiative focused on “some of the world’s most pressing issues” first announced in June 2020.

Oriflame enters partnership with Probi in first foray into probiotics

23-Jun-2021 By Nikki Hancocks

Beauty and wellness brand Oriflame is launching its first probiotic food supplement after partnering with probiotic supplier, Probi.

Financial focus: Shiseido, Kao, L’Occitane and more feature in our latest beauty business and finance update

16-Jun-2021 By Amanda Lim

In this round-up of financial results, M&As and funding drives in the cosmetics industry, we highlight the first-quarter results from Shiseido, Kao Corp, L’Occitane and more.